Property Overview
This one-and-a-half storey home on Mandeville Street in Deer Lodge presents a balanced, well-situated property. Built in 1949, it is notably newer than many of its immediate neighbours, offering a potential advantage in terms of foundational wear and updates. With 1,356 sqft of living space and a renovated basement, it provides functional space that is above average for the Deer Lodge area. The detached garage and a standard 4,879 sqft lot round out the classic Winnipeg setup. Its appeal lies in its established, quiet neighbourhood and its position as a solid, move-in-ready home that doesn’t require immediate major work. It would suit first-time buyers seeking a character home with modern livability, or downsizers looking for a manageable property with space for family visits, thanks to the finished basement.
Key Details & FAQs
Key Characteristics & Appeal
- A Newer Home in an Older Area: Built in 1949, this home is younger than most on its street and in Deer Lodge. This often translates to fewer concerns with very old plumbing, electrical, or foundation materials common in pre-war homes, providing a subtle but valuable peace of mind.
- Above-Average Living Space: The square footage is generous for the neighbourhood, offering more room than many comparable local homes. Combined with the renovated basement, it provides flexible space for living, working, or storage.
- A Grounded Investment: The home's assessed value and last sale price are consistently "around average" across all comparison levels—street, neighbourhood, and city. This suggests a stable, fair-market property without extreme premiums or undervaluation, ideal for a buyer seeking a sensible, long-term holding.
- Ideal Buyer Profile: This property best suits practical buyers who value neighbourhood character over flashy updates. It’s a strong fit for first-time homeowners ready for a balanced starter home, or for those downsizing who still want a full-sized house with a low-maintenance foundation and extra living space in the basement for guests or hobbies.
Frequently Asked Questions
1. How does the 1949 build year compare to nearby homes?
This home is newer than most in Deer Lodge. On Mandeville Street specifically, it ranks in the top 7%, meaning it's one of the youngest houses on the block. This can be a positive indicator of its core structure and systems.
2. Is the living space typical for the area?
Yes, and it's actually above average. With 1,356 sqft, it provides more living area than roughly 73% of homes in the Deer Lodge neighbourhood, making it a roomier option within this established community.
3. What does the "around average" assessed value indicate?
It indicates stability. The assessed value is not unusually high or low compared to the street, neighbourhood, or city. This suggests the property is priced in line with market fundamentals, reducing the risk of overpaying or encountering appraisal issues.
4. What is the lot size like?
The lot is just under 5,000 sqft, which is standard for the area. It is very close to the average lot size on Mandeville Street and in Deer Lodge, offering typical backyard space for the community.
5. Was the last sale price consistent with the home's value?
The home sold for $300,000 in August 2017. At that time, that sale price ranked "above average" for the city overall and was consistent with values in its immediate area, reflecting a fair market transaction.