Property Overview: 269 Conway Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Deer Lodge is a classic post-war bungalow, built in 1949. Its key characteristic is its efficient, compact layout with 912 sqft of living space, making it notably smaller than many area homes. This positions it as an affordable entry point into a well-established neighborhood. The appeal lies in its balance of a generous, average-sized lot (just over 5,500 sqft) and a detached garage, offering valuable outdoor and storage space that many newer, denser developments lack. The basement is present but not renovated, representing both a cost-saving aspect for a buyer wanting a blank slate and a clear future project.
It would best suit first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space. It’s also a practical candidate for an investor or handy buyer looking for a property where the value is in the land and structure, with the potential to add value through updates over time. A less obvious perspective is that its smaller size and older vintage, while modest on paper, often translate to lower utility costs and a simpler, more maintainable structure for those looking to minimize ongoing expenses.
Section 2: Frequently Asked Questions
1. Is the price reflective of the smaller living area?
Yes. The home’s assessed value is generally in line with area averages, but its living area is significantly below average. This suggests the price is anchored more by the lot size, location, and the existing structure, making the cost per square foot higher but potentially justifiable for the right buyer.
2. What does "basement not renovated" typically mean?
It indicates the basement is in a functional but unfinished or dated state. Expect concrete floors, exposed framing/mechanicals, and older finishes. It’s livable space but will require investment to modernize or tailor to your needs.
3. How does the 1949 build year affect the home?
While older than many city-wide averages, it’s actually newer than many homes on its own street and in Deer Lodge. This means it may have some updated post-war construction features but will still require a thorough inspection for aging components like plumbing, electrical, and the roof.
4. Who is this home not suited for?
It’s likely not a fit for buyers who need significant move-in-ready space or multiple large bedrooms. The smaller, efficient layout requires a pragmatic approach to living and storage.
5. How stable is the value in this location?
The home last sold in 2017 for $210k and is now assessed at $310k. In its immediate area, its assessed value ranks in the middle of the pack, suggesting it is not an outlier and holds value consistent with this specific pocket of Deer Lodge, which shows steady demand.