Property Overview: 315 Conway Street, Deer Lodge, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home with a renovated basement and a detached garage, situated on a standard-sized lot in Deer Lodge. Built in 1950, its age is a standout feature for the immediate street, ranking it among the newest homes in the area. The living space, at 944 sqft, is modest and below average for the neighbourhood, suggesting an efficient, low-maintenance footprint. Its assessed value is consistently around the average mark for its peer groups, indicating a stable, mid-range valuation.
The appeal lies in its practicality and position within a mature community. The renovated basement adds functional living space, a key upgrade for a home of this era. It suits first-time buyers or downsizers looking for an affordable entry into a well-established neighbourhood without the upkeep of a larger property. The home represents a straightforward opportunity: it’s not the largest on the block, but its newer construction date (for the area) and recent basement update offer a blend of classic neighbourhood charm with some modernized utility.
Frequently Asked Questions
1. Is the house smaller than others in Deer Lodge?
Yes. At 944 sqft of living area, it is below the neighbourhood average. This translates to lower utility costs and less maintenance, but also less interior space than many nearby homes.
2. How does its assessed value compare?
Its assessed value is consistently around the middle of the pack—for Conway Street, Deer Lodge, and citywide. This suggests the property is priced in line with market norms for its type and area, neither a standout bargain nor overvalued.
3. What does the "Elite" ranking for Year Built mean?
On Conway Street itself, a 1950 build date is among the newest. This is a relative positive, potentially indicating newer infrastructure components compared to older neighbours, though the home is still over 70 years old.
4. What is the potential like for expansion or renovation?
The lot size is average for the area. While the renovated basement may limit further below-grade projects, the standard lot and one-storey design could present opportunities for a main-floor addition or reconfiguration, subject to local zoning.
5. How stable is the immediate block?
With five nearby properties on the same street having sold recently, there is active turnover and clear comparables. This provides good data for understanding the local micro-market and suggests a stable, in-demand enclave within Deer Lodge.