Property Overview: 41 Deer Lodge Place, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home built in 1918, presenting a solid opportunity in Winnipeg's Bruce Park neighbourhood. Its key appeal lies in its land value and location, rather than a modernized living space. The 3,260 sqft lot, while below average for its specific street, is still a generous parcel in an established area. The home itself, with 1,336 sqft of living space, is functionally sized and aligns with the neighbourhood average.
The property suits practical buyers looking for a foothold in a mature community. It’s ideal for an investor, a handy homeowner ready to take on gradual updates, or a buyer prioritizing lot potential over turn-key condition. The home has an unrenovated basement and no garage, which underscores its value as a canvas for customization. A thoughtful perspective is that its below-average assessed value for the street could indicate room for value growth through improvements, making it a strategic buy for those with renovation plans. Its last sale in 2022 at $370k, which was above the neighbourhood average at the time, suggests the location carries significant weight.
Section 2: Frequently Asked Questions
1. What does "one & 3/4 storey" mean for this home?
This typically describes a home with a full main floor and a second floor where the rooms are built into the roof space, often featuring sloped ceilings and dormer windows. It's a charming, classic design common to the era.
2. How does the lot size compare practically?
At 3,260 sqft, the lot is smaller than others on Deer Lodge Place but is still a good size for city living. It offers ample outdoor space for gardening, entertaining, or future additions, and is very much in line with broader neighbourhood and city averages.
3. The home is from 1918. What should I be most concerned about?
While charm and solid construction are benefits of older homes, a priority would be to inspect major aging systems: the foundation, roof, plumbing, and electrical wiring. The unrenovated state means these should be thoroughly evaluated.
4. Why is the assessed value so much lower than the recent sale price?
Municipal assessed values for tax purposes often lag behind market values, especially in active markets or after recent sales. The 2022 sale price of $370k is a more current reflection of its market worth.
5. There's no garage. Is adding one feasible?
Given the lot size and configuration, adding a garage or carport is likely possible, subject to local zoning bylaws and setback requirements. This is a common upgrade for homes of this vintage and should be factored into renovation budgets.