Property Overview: 276 Conway Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Deer Lodge presents a classic Winnipeg character property built in 1922, sitting on a standard city lot just over 5,500 sqft. Its key features include a renovated basement and a detached garage. The living space of 1,144 sqft is very typical for the immediate street and neighborhood, offering a manageable size. The home’s assessed value is consistently around the average for its local area, suggesting it is priced in line with community norms rather than standing out as exceptionally high or low.
Its appeal lies in its established, quiet location on a street of similar homes and its recent history of updates, notably the basement renovation. It suits a practical buyer looking for a solid, no-surprises home in a mature neighborhood—someone who values character but isn’t seeking a large or modern footprint. A thoughtful perspective is that its "average" metrics across the board can be a strength: it represents a stable, known quantity in the market, potentially offering less volatility and a clearer, community-based value compared to more atypical properties. It’s ideal for a first-time homebuyer or downsizer who prioritizes location and a renovated living space over square footage or a brand-new build.
Frequently Asked Questions
1. How does the age of the home (1922) affect it?
While well-maintained, a home from 1922 will likely have older building materials and systems. The renovated basement is a positive update, but prospective buyers should budget for ongoing maintenance typical of a century-old house and consider a thorough inspection.
2. Is the detached garage a drawback?
This depends on personal preference. A detached garage offers flexibility (e.g., for a workshop) and can reduce noise in the house, but it is less convenient during Winnipeg winters compared to an attached garage.
3. The sale price in 2023 was significantly higher than previous sales and the assessed value. Why?
The jump to $360k in 2023 likely reflects both the broader market conditions of that time and the value added by the basement renovation. It indicates recent market validation at that price point, but buyers should research current market trends.
4. What are the pros and cons of the lot size?
At just under 5,600 sqft, the lot is very standard for the area. It provides adequate outdoor space for gardening or recreation without being excessive to maintain—a balanced fit for the home's size.
5. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout (traditional one-and-a-half storeys often have more compartmentalized rooms), those needing extensive space for a growing family, or investors looking for a property with below-average assessed value for tax purposes.