Property Overview
This one-and-a-half storey home on Duffield Street in Deer Lodge presents a classic Winnipeg character property with modern updates. Its key appeal lies in a desirable, established neighbourhood and a recently renovated basement, adding functional living space to the 1,147 sqft footprint. The detached garage and a generous 5,599 sqft lot offer practical outdoor space and potential. The home’s assessed value is notably strong for its immediate area, suggesting it is well-positioned within the local market.
It would suit first-time buyers or downsizers looking for a manageable, updated home in a quiet neighbourhood without a major renovation project. The above-average assessment for the street and area could also appeal to value-conscious investors or buyers who prioritize stability over sheer size, as the living area is modest compared to some local peers.
Frequently Asked Questions
1. How does this home’s size compare to others in Deer Lodge?
At 1,147 sqft of living area, it is slightly below the average for Duffield Street itself but sits right around the average for the broader Deer Lodge neighbourhood, making it a typical, comfortable size for the area.
2. The home was built in 1946. What should I consider?
While the basement has been renovated, the core structure is 80 years old. Prospective buyers should have a thorough inspection to understand the condition of foundational elements, the roof, and original mechanical systems, which is standard for a home of this era.
3. Why is the assessed value considered "above average" for the area?
The assessment is in the top 15% for Deer Lodge. This often reflects recent improvements (like the renovated basement), the desirable lot size, and the overall maintained condition relative to other homes in its valuation group.
4. What is the potential for future expansion or renovation?
The lot size is ample for the neighbourhood. While the main floor area is modest, the half-storey layout and large lot could provide options for additions or landscaping projects, subject to local zoning and permit approvals.
5. How stable has the property's value been?
Based on the limited sales data provided, the sale price in 2023 was significantly higher than in 2020, showing appreciable growth in a short period. This aligns with its current assessment being strong for the street and neighbourhood, indicating a positive value trend.