Property Summary: 229 Albany Street, Winnipeg
Section 1: Overview & Appeal
This one-and-a-half storey home in Deer Lodge presents a compelling blend of space, location, and value. Its key characteristic is its above-average living area (1,358 sq ft), which ranks in the top 9% for its immediate street and offers more room than most comparable homes in the neighbourhood. The property sits on a generous, well-sized lot and benefits from a renovated basement and a detached garage.
The appeal lies in its established, quiet street setting while offering modern livability below ground. It suits buyers looking for a character home with updated essentials, who value more interior space over a brand-new build. It’s particularly well-matched for a young family or downsizers seeking a single-level living option on the main floor, with the flexibility of additional finished space in the basement. A thoughtful perspective is that while the home itself is older (built 1945), its recent sale and renovated basement suggest it has been positioned for move-in readiness, offering a balance between vintage charm and reduced immediate renovation pressure.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
It is notably spacious for the area. With 1,358 sq ft of living area, it is larger than approximately 91% of similar homes on Albany Street and 74% of those in the wider Deer Lodge neighbourhood.
2. What is the property’s value proposition?
The home recently sold for $325,000. Its assessed value is $320,000, which is above average for its street but around the middle range for the city overall, suggesting it is priced consistently with its local market and offerings.
3. What should I know about the lot and exterior?
The land area of 4,996 sq ft is above average for Albany Street, providing a good-sized yard. The home includes a detached garage, a valuable asset in this area.
4. Is the basement fully finished?
Yes, the listing specifies the basement has been renovated. This adds valuable, modern living or recreational space to the home’s overall footprint.
5. How does the age of the home factor in?
Built in 1945, the home is of a similar vintage to many in Deer Lodge. While the structure itself is older, the renovated basement indicates updates have been made. Buyers should expect the character and potential maintenance considerations typical of a home from this era, balanced by the updates already completed.