Property Overview: 297 Guildford Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1950, sits on a spacious 5,600 sqft lot in the established Deer Lodge neighbourhood. With 1,140 sqft of living space and an unrenovated basement, it presents as a classic Winnipeg character home with solid fundamentals. Its assessed value of $300k is notably below the citywide average, suggesting potential value within its market.
The appeal lies in its balance of a generous lot size, a vintage that is newer than most on its street, and a price point that is accessible for the area. It suits practical buyers looking for a land-value proposition—perhaps a first-time homeowner comfortable with a property requiring updates, or an investor seeking a hold property in a stable neighbourhood. A less obvious perspective is that its "below average" size and value on its own street could represent an entry point into a potentially appreciating enclave, offering the chance to add value through thoughtful renovations over time.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Deer Lodge?
The home is quite average for the neighbourhood in terms of living and land area. Its assessed value is also around the mid-range for Deer Lodge, but it stands out on its specific street for being one of the newer homes built.
2. What does "below average" for assessed value citywide indicate?
This means the home's official $300k assessment sits in the bottom 30% of all Winnipeg properties. This typically reflects a combination of its size, condition, and specific location, often resulting in a lower tax assessment and a potentially more affordable purchase price compared to the broader market.
3. Is the basement finished?
No, the listing specifies the basement is "not renovated," meaning it is likely unfinished or in a rough, original state. This represents both a cost consideration and a blank canvas for future development.
4. When was it last sold?
The property last sold in December 2020 for $199,900. The significant increase in its assessed value since then reflects the strong market appreciation of the early 2020s.
5. What are the immediate next steps for a serious buyer?
Given the home's age and the mention of an unrenovated basement, a priority would be to verify the condition of major systems (roof, wiring, plumbing, foundation) and to budget for any immediate repairs or desired upgrades. Reviewing the property's full listing details and arranging a viewing are essential first steps.