Property Overview
This one-storey home at 274 Woodlawn Street in Deer Lodge is a compact, character property built in 1918. With 961 sqft of living space and a renovated basement, it sits on a 4,799 sqft lot. It has no garage or pool. The home’s assessed value is $270k, and it last sold in April 2016 for $234k. Key data shows it ranks below area averages for size, value, and lot size, positioning it as a more modest and potentially affordable entry in the neighbourhood.
Key Characteristics & Appeal
The primary appeal of this home lies in its simplicity and location. It’s a straightforward, no-frills property in a well-established neighbourhood. The renovated basement adds functional living space, which is a significant asset in a smaller home. Its below-average metrics for the area suggest a price point that could be accessible for first-time buyers or downsizers seeking a lower-maintenance footprint without leaving the community.
The property would suit practical buyers who value location over size and are comfortable with a home whose historical charm comes with the realities of its age (108 years). It’s not a sprawling modern showpiece but could be a solid, honest foundation for someone who sees potential in a manageable lot and the character of an older home. A thoughtful perspective is that its consistent below-average rankings might indicate less competitive pressure during purchase, while the renovated basement offers immediate utility without a major project.
Frequently Asked Questions
1. Is this a small house?
Yes. At 961 sqft, the living area is notably smaller than most comparable homes on its street, in Deer Lodge, and across Winnipeg.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent.
3. Why is the assessed value ($270k) so different from the 2016 sale price ($234k)?
The assessed value is the city’s estimate for tax purposes and can differ from market value. The increase since 2016 likely reflects market changes and any improvements made to the property.
4. Are older homes like this a concern?
A home built in 1918 will require diligent inspection. While it offers character, attention should be paid to the condition of foundational systems like wiring, plumbing, and the roof, which may have been updated over time.
5. Is the lot size a disadvantage?
At 4,799 sqft, the lot is smaller than most on Woodlawn Street but is close to the average for Deer Lodge. It offers outdoor space without the extensive maintenance of a larger yard, which could be a positive for some buyers.