Property Overview: 327 Woodlawn Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, presents a solid, no-fuss opportunity in the established Deer Lodge neighbourhood. Its key characteristics are defined by balance and practicality. With 1,250 sqft of living space and a renovated basement, it offers functional room for a small family or couple. The detached garage adds utility, while the 4,802 sqft lot provides a manageable outdoor space.
The appeal lies in its straightforward, grounded value. The home sits consistently around the average for its street, neighbourhood, and city in terms of living area and assessed value, suggesting it’s a typical, fairly priced offering for the area without major surprises. It suits a pragmatic, value-conscious buyer—perhaps a first-time homeowner or downsizer—who appreciates an established community like Deer Lodge and is looking for a home that serves as a comfortable, low-hype foundation. A thoughtful perspective is that its "average" metrics can be a strength, indicating a stable investment less susceptible to the volatility that can come with highly unique or outlier properties.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is around average for Deer Lodge and slightly above average city-wide, positioning it as a mid-range property within a stable market context.
2. Is the lot size a limitation?
At just under 5,000 sqft, the lot is smaller than many on Woodlawn Street but is near the neighbourhood average. It offers a manageable yard with less maintenance, which could be seen as a benefit for some lifestyles.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point for your inspector or a direct question for the seller to understand the finish quality and any potential moisture concerns common in homes of this era.
4. Given its age, what should I be mindful of?
Built in 1947, major systems like roofing, plumbing, electrical, and the foundation should be carefully evaluated during an inspection. The recent basement renovation may have addressed some issues, but the overall condition of original components is crucial.
5. How does the last sale price from 2016 relate to today’s value?
The home sold for $25,600 in 2016. The current assessed value is higher, but the actual market price will be determined by recent comparable sales, condition updates since the last sale, and current market dynamics. The assessed value is a guideline, not a sale price.