Property Overview: 326 Mandeville Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This 1,023 sqft one-storey home, built in 1918, presents a practical opportunity in the established Deer Lodge neighbourhood. Its key appeal lies in its balance of a character-era foundation with modernized essentials, notably a renovated basement. The living space is modest for the street and city, but the property stands out with a land area of 4,883 sqft that is notably above average for Mandeville Street, offering valuable outdoor space and potential.
The home suits first-time buyers or downsizers seeking a manageable, single-level layout in a quiet, mature community. Its assessed value is consistent with local averages, suggesting a stable, no-surprises entry point into the market. A thoughtful perspective is that while the home itself is compact, the proportionally larger lot provides a sense of openness and a tangible asset for gardening, recreation, or future expansion that is less common on the street. The 2021 sale price provides a recent benchmark, but the true value may be in the land and the renovated basement, which adds functional living space without the need for immediate projects.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,023 sqft, the living area is below the average for both Mandeville Street and Winnipeg overall, but is around the average for the broader Deer Lodge area. It’s a compact, efficient footprint.
2. What does the "above average" land ranking mean?
The lot size of 4,883 sqft ranks in the top 27% on Mandeville Street, meaning it’s larger than most direct neighbours’ lots. This is a key feature, offering more private outdoor space than typical for the immediate area.
3. Is the assessed value a reliable indicator of the expected sale price?
The assessed value ($31,800) is for municipal tax purposes. It’s aligned with local averages, but market conditions, the home’s updated basement, and its lot size will be larger factors in determining sale price. The 2021 sale at $320,000 is a more relevant recent data point.
4. What are the implications of a home built in 1918?
While the basement has been renovated, a home of this age will have character but may require attention to original components like windows, plumbing, or electrical systems. A thorough inspection is essential to understand the condition of the century-old structure.
5. Who might this property not suit?
It may not suit buyers looking for a large interior living space or a modern, open-concept layout. The lack of a garage and the home’s smaller square footage could be limiting for growing families or those with multiple vehicles requiring sheltered parking.