Property Summary: 259 Duffield Street, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home in Deer Lodge, built in 1924, offering a classic character home experience on a generous, average-sized lot. Its key appeal lies in its balance of a renovated basement, a detached garage, and a lower price point driven by its modest 822 sqft living area—which is notably smaller than most comparable homes locally. This creates an opportunity for first-time buyers, downsizers, or investors seeking an entry into a stable neighbourhood without a premium for square footage. The home’s recent sale in August 2024 suggests it is move-in ready and reflects current market value. Its assessed value is consistently below average for its street and the city, which may indicate a relatively manageable property tax burden. This property suits practical buyers who prioritize location and lot size over interior space, and who are comfortable with a home whose layout and systems may reflect its century-old origins.
Frequently Asked Questions
1. Why is the living area significantly smaller than area averages?
As a one-storey character home built in 1924, its floor plan reflects the norms of its era. The 822 sqft size places it in the bottom 10-12% for living space among peers in Deer Lodge and on its street, which is the primary factor in its pricing and assessed value.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, permits, and whether it includes a legal suite or additional living space are not detailed. This would be a key point for buyer due diligence.
3. How does the lot size compare, and what are the possibilities?
The 5,595 sqft lot is average for Deer Lodge. This is a standout feature, offering ample outdoor space for gardening, recreation, or future expansion (subject to zoning and permits), which compensates for the smaller interior.
4. The home sold very recently in August 2024. Why is it back on the market?
The quick resale is not explained in the data. Potential reasons could range from a change in the buyer's circumstances to an investor flipping the property. Inquiring about the nature of the recent ownership and any work done during that period is advisable.
5. How should I interpret the assessed value versus the recent sale price?
The 2024 assessed value is $29.20k, while it sold for $29.70k in August 2024. The close alignment suggests the sale is considered arm’s length and that the property is likely priced at or very near its municipal valuation, which can provide some confidence in its market price stability.