Property Overview
This one-storey home at 223 Winchester Street in Winnipeg's Deer Lodge neighbourhood presents a practical opportunity with a few distinct advantages. Its key appeal lies in being a solid, average-sized home in a mature community, but with a standout lot size for the area.
Key Characteristics & Ideal Buyer
The house itself is a classic 1922 build with 1,206 sqft of living space, featuring a renovated basement and a detached garage. Its assessed value positions it as a mid-range option within its immediate context. The floor plan and age suggest a home with character that may require ongoing updates, but the renovated basement adds modern, functional space.
The property’s most notable feature is its 6,000 sqft land area, which ranks well above average for Deer Lodge. This offers valuable outdoor space and potential not always found on standard lots in established neighbourhoods. While the home's metrics are generally "around average" compared to the street and city, its lot size is a relative premium locally.
This home would suit a buyer who values a larger yard for gardening, children, or pets over a brand-new build. It’s a match for a practical first-time buyer or downsizer comfortable with the maintenance of a century-old home, who sees the lot as a long-term asset. The renovated basement also makes it suitable for someone needing flexible space for a home office, family room, or guests.
Frequently Asked Questions
1. How does the lot size compare to newer neighbourhoods?
While the 6,000 sqft lot is generous for Deer Lodge, it's closer to the city-wide average. You're getting above-average outdoor space for this specific, mature area, which often has smaller lots.
2. What does the "renovated basement" typically include?
The listing notes it's renovated, but specifics on finish quality, ceiling height, moisture management, and permits should be verified. In homes of this age, a renovated basement often focuses on livable drywall and flooring, but the core systems (plumbing, foundation) remain original.
3. The home is older—what should I budget for beyond the purchase price?
Given its age (104 years), budgeting for ongoing maintenance is crucial. Priorities should include an inspection of the roof, foundation, wiring, and plumbing. Windows, insulation, and heating system updates are common considerations for comfort and efficiency in older homes.
4. How stable is the assessed value compared to recent sale prices?
The current assessed value is $304,000. The home last sold in 2019 for $265,000 and in 2017 for $260,000. This indicates a period of significant value increase, and a buyer should research recent comparable sales to understand the current market price relative to this assessment.
5. What are the benefits of a detached garage in this setting?
A detached garage provides excellent storage or workshop space separate from the house. However, consider Winnipeg winters—the walk from the garage to the house is a practical daily factor. It also offers potential for future conversion or landscaping projects that a connected garage would not.