74 Deer Lodge Place

Property Summary: 74 Deer Lodge Place

Section 1: Overview & Appeal

This one-storey home in Bruce Park is defined by its generous space and established setting. Its key characteristic is a very large, 11,758 sqft lot, placing it in the top 4% of properties on its street and top 8% within the neighbourhood, offering rare potential for privacy, gardening, or expansion. The 2,643 sqft living area is also notably spacious, ranking in the top 2% for the neighbourhood. The home features a renovated basement, a pool, and a detached garage.

Its appeal lies in the combination of a substantial footprint on a premium lot within a mature community. It suits buyers looking for a single-level living layout with ample room to grow, entertain, or simply enjoy outdoor space that is increasingly uncommon in older neighbourhoods. It would particularly fit families or multi-generational households seeking space, or downsizers who want a bungalow layout but don’t want to compromise on lot size or indoor square footage. A thoughtful perspective is that the 1952 build year, while not new, may offer more modern infrastructure than many neighbouring heritage homes, potentially striking a balance between character and practicality.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the likely selling price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. At $48,800, it indicates a solid tax base, but the selling price will be driven by market conditions, the home’s updated features, and its premium lot size.

2. What is the significance of the lot and living area rankings?
These percentile rankings (e.g., top 4% on the street) are a relative measure. They confirm that this property offers more land and indoor space than the vast majority of homes in its immediate area, which is a key driver of value and appeal in established neighbourhoods.

3. The home has a pool. What should be considered?
A pool is a desirable amenity for many but requires seasonal maintenance and carries ongoing costs. Given Winnipeg's climate, its usability is seasonal. It's a valuable feature for the right buyer but should be factored into long-term upkeep plans.

4. What are the implications of a detached garage?
A detached garage offers flexibility—it can be a workshop, studio, or simply vehicle storage without impacting main house noise or air quality. The trade-off is convenience, as you must go outside to access it, which can be a consideration in winter.

5. The home is 74 years old. What does that mean for a buyer?
A 1952 build suggests core systems like electrical and plumbing may have been updated over time (the renovated basement is a positive sign). A thorough inspection is crucial to understand the condition of the roof, foundation, and major mechanical systems, which are typical focal points for homes of this era.