Property Overview
224 Albany Street is a classic one-storey home in Winnipeg's Deer Lodge neighbourhood. Its primary appeal lies in a rare combination: a modest, renovated house on an exceptionally large lot for the area. With 908 sqft of living space, the home itself is compact and efficient, typical for its 1929 construction. The key standout feature is the 5,860 sqft land area, which ranks in the top 1% on its street and well above average for Deer Lodge. This presents a significant opportunity for expansion, gardening, or outdoor living. The detached garage adds practical utility.
This property would suit a first-time buyer or downsizer looking for a solid, renovated foundation in a well-established neighbourhood without a premium price tag. It’s also an ideal candidate for a long-term investor or homeowner who values land size over square footage, seeing potential for a future addition, workshop, or spacious private yard that is hard to find in mature communities.
Frequently Asked Questions
1. How does the home's size compare to others?
At 908 sqft, the living area is slightly below the average for Deer Lodge but is quite typical for Albany Street itself. It's a manageable size for one or two people.
2. What does the "Elite" ranking for land area mean?
It means this property's lot size is larger than 99% of the other lots on Albany Street. You're getting significantly more land than the neighbouring properties, which is its most distinctive feature.
3. Is the assessed value a reliable indicator of the sale price?
The assessed value is for tax purposes and is often lower than market value. Notably, it sold for $19,200 in 2016, and its current assessed value is $27,800. A professional market evaluation is needed to determine today's likely sale price.
4. What are the implications of a 1929 build date?
While the home has a renovated basement, a house of this age may have older components (like plumbing or wiring) that could require attention. Its character and solid construction are positives, but a thorough inspection is advised.
5. Who would this property not suit?
It may not be the best fit for a family needing substantial immediate indoor space or someone wanting a brand-new, maintenance-free home. Its appeal is for those who appreciate potential and value land over a large existing footprint.