Property Overview: 294 Conway Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1922, situated on a standard-sized lot in Deer Lodge. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The living space (876 sqft) is notably below average for the area, which translates to a more manageable and affordable property. A recently renovated basement adds functional living space, and the detached garage offers utility or storage. The home last sold in 2022, providing a relatively recent market price benchmark.
Its primary suit is for first-time buyers or practical downsizers seeking a lower-maintenance footprint without leaving established neighbourhoods. It also presents as a straightforward investment property due to its modest scale and assessed value. A thoughtful perspective is that a smaller, older home like this on a decent lot offers a clear canvas: it’s a chance to build equity through gradual updates without the premium price of a move-in-ready modern home, while the lot itself holds inherent value in a mature community.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 876 sqft, the living area is significantly below the average for both Deer Lodge and the city overall. This is the defining characteristic of the property.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. This is a key detail to clarify with the selling agent, as it adds crucial functional space to the smaller main floor.
3. How does the assessed value relate to the likely sale price?
The municipal assessed value is quite low ($28,300). It is important to understand that this is for tax purposes and is not a market valuation. The 2022 sale price of $220,000 is a more relevant recent market benchmark.
4. What are the implications of the 1922 build date?
As one of the older homes on the street, potential buyers should budget for and prioritize thorough inspections. This age can mean charming character but also a higher likelihood of aging infrastructure (like plumbing or electrical) needing attention or updates.
5. Who might this property not suit?
It may not suit buyers needing ample indoor space for a growing family or those seeking a modern, open-concept layout without renovation work. The smaller size and classic older home layout require a pragmatic approach to living space.