Property Overview: 269 Overdale Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This is a substantial, classic two-and-a-half storey home built in 1916, offering generous space on a large lot. Its primary appeal lies in its impressive 2,449 sqft of living area, which ranks within the top 4% of homes on its street and the top 1% within the Deer Lodge neighborhood. This makes it a standout for buyers seeking ample room. The property features a detached garage and a full, unrenovated basement, presenting a canvas for customization.
The home suits two distinct types of buyers. First, it’s ideal for a large or multi-generational family needing significant interior space in a established community. Second, it appeals to value-conscious visionaries or investors who see potential in a character home with good bones. While the assessed value is elite for Deer Lodge, the older building year and unrenovated basement suggest an opportunity to add value through updates, rather than paying a premium for modern finishes. It’s a property where you’re purchasing space, location, and potential over immediate turn-key perfection.
Frequently Asked Questions
1. How does the sale history affect the current value?
The home sold recently in May 2023 for $46,300, which is significantly below its current $420k assessment. This typically indicates a prior sale between family members or as part of an estate transfer, not an arms-length market transaction. The current assessment and listing price are based on market comparables, not that prior sale price.
2. What does "Elite" ranking for living area really mean?
In practical terms, it means this home offers about 1,000 more square feet than the average Deer Lodge home. You are getting substantially more interior space than most properties in the area, which is a key driver of its value.
3. Are there concerns with a 110-year-old home?
While offering classic charm and sturdy construction, a home of this age will likely require ongoing maintenance and systems updates. The unrenovated basement is a clear project space. A thorough inspection is essential to budget for potential updates to plumbing, electrical, or the foundation.
4. Is the assessed value a reliable indicator of the listing price?
It’s a strong benchmark. The assessment places it in the top 3% of Deer Lodge, indicating official recognition of its high value relative to the neighborhood. Sellers often list near or above this figure, but the final market price will depend on condition, updates, and current demand.
5. How does the lot size compare?
At just under 6,000 sqft, the lot is above average for Deer Lodge but around average city-wide. It provides good outdoor space for a family garden or recreation, but isn’t an unusually vast parcel. The value here is weighted more toward the building's substantial square footage.