313 Guildford Street

Property Overview: 313 Guildford Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated two-storey home in Deer Lodge presents a solid opportunity in a mature neighbourhood. Built in 1950, it is notably newer than many homes on its street and in the immediate area, which can mean fewer concerns about the age of core components. With 1,284 sqft of living space and a renovated basement, it offers functional space for a small family or couple. The lot is a generous 5,600 sqft, providing ample outdoor space typical of the area.

The home’s primary appeal lies in its strong value proposition within its immediate context. Its assessed value ranks in the top 9% for both Guildford Street and the wider Deer Lodge area, suggesting it is perceived as a higher-quality asset compared to many neighbours. This, combined with its above-average year of build, indicates a property that may have been updated or maintained more diligently than peers. It would suit a practical buyer looking for a move-in-ready home in a stable, established neighbourhood without paying a premium for a brand-new build. It’s also a sensible choice for those who value a larger lot and the potential for outdoor living or gardening, relative to city-wide averages.

Section 2: Frequently Asked Questions

1. What does the high assessed value ranking locally actually mean?
It indicates that, according to municipal assessment, this property is valued more highly than 91% of comparable homes on its street and in Deer Lodge. This often reflects factors like lot desirability, property condition, and improvements, suggesting it stands out positively in its immediate market.

2. Is a 1950s home a concern for major repairs?
While any older home requires due diligence, this property’s 1950 build date is actually newer than the average for both its street and neighbourhood. This relative advantage can mean key structural elements, wiring, or plumbing might be in better condition than in older homes nearby.

3. How does the lot size compare to a typical Winnipeg home?
At 5,603 sqft, the lot is above average for Deer Lodge and close to the city-wide average. It offers more outdoor space than many inner-city properties but is not an unusually large lot by suburban standards.

4. The home has sold three times since 2017. Is that a red flag?
Not necessarily. The sales history shows steady price appreciation over that period, which is a positive trend. The turnover could be due to many common life events (relocation, upsizing) and, given the stable price increases, does not immediately suggest underlying problems.

5. Who might this home not be suitable for?
It may not suit buyers seeking a modern, open-concept layout, as the two-storey design from 1950 likely features more compartmentalized rooms. It’s also not the largest home in the area, so those needing significant square footage above grade might find it limiting.