Property Overview: 475 Linwood Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Deer Lodge is a practical and character-filled property built in 1952. With 1,058 sqft of living space and a renovated basement, it offers functional living on a standard 5,077 sqft lot with a detached garage. Its appeal lies in its balance of vintage charm and modern updates, positioned in a well-established neighborhood.
The home is notably newer than many in its immediate area, ranking in the top 10% locally for its year of construction. This can suggest potentially fewer concerns with some aging infrastructure common to older homes. While its living space is modest and around the area average, the renovated basement adds valuable finished space. The assessed value is below average for the street and neighborhood, which may indicate an opportunity for a buyer, especially when compared to its last sold price in 2022.
This property would suit first-time homebuyers or downsizers looking for a manageable, single-level layout in a mature community. It’s also a candidate for value-conscious buyers who appreciate a home with a mix of original character and key renovations already completed, and who see potential in a property priced below the assessed average of its peers.
Frequently Asked Questions
1. How does the 2022 sale price compare to current value?
The home sold for $290,000 in December 2022. Its current assessed value is significantly lower than that sale price and is below the average assessment for the street and neighborhood, which may reflect market adjustments or specific assessment criteria.
2. What does the "renovated basement" typically include?
While the listing confirms the basement is renovated, specifics on the finish quality, ceiling height, legal egress, and permitted status should be verified. A renovated basement in a 1950s home often adds crucial living or utility space.
3. Is the home's smaller living area a concern?
At 1,058 sqft (plus basement), the above-ground living space is modest but typical for the area. The floor plan's efficiency and the additional renovated basement space will be key factors in how spacious the home actually feels.
4. Why is the year built considered an advantage here?
Built in 1952, this home is newer than most on its street and in Deer Lodge. This can sometimes translate to updated electrical, plumbing, or foundation standards from the era, compared to the many pre-1940s homes in the ranking.
5. What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It may also present future potential (like a studio space) subject to local bylaws, but also means dealing with Winnipeg weather when going between car and house.