Property Overview: 333 Linwood Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1922, offers a blend of classic charm and modern practicality in the established Deer Lodge neighbourhood. Its primary appeal lies in its generous and above-average living space (1,692 sq ft) compared to most homes on its street and in the area, providing room to grow within a character home. A key feature is the renovated basement, which adds functional living area. The property sits on a standard-sized lot (just over 5,000 sq ft) with a detached garage.
The home’s value is underscored by its strong and consistent performance in recent sales, having sold for well above both its assessed value and local averages in 2024. This suggests a property that has been updated and is in move-in ready condition. It would suit buyers looking for a character home with more interior space than is typical for the area, without the maintenance of a massive yard. It’s a solid choice for those who appreciate established, tree-lined neighbourhoods and value a home with recent, proven market appreciation. A thoughtful perspective: while the home itself is older, its above-average size and recent sale price indicate it has likely been curated to meet modern needs, offering the character of Deer Lodge without the footprint of a true, sprawling century home.
Frequently Asked Questions
1. Is the assessed value an accurate reflection of the home’s market price?
No, it is not. The home sold for $505,000 in August 2024, which is significantly higher than its $347,000 assessed value. The sale price is a far more current and reliable indicator of its market worth.
2. How does the living space compare to other homes?
Very favorably. With 1,692 sq ft, this home offers more living area than approximately 92% of homes on Linwood Street and 94% of homes in the wider Deer Lodge area, making it a spacious option in this locale.
3. What does the "renovated basement" likely include?
While specific finishes aren’t listed, a renovated basement in a home of this vintage and price point typically means it has been finished into a livable space, potentially including a recreation room, additional bedroom, or home office, with proper flooring, drywall, and lighting.
4. The home was built in 1922. Should I be concerned about its age?
The age is reflected in its character and style. The recent major sale price and mention of a renovated basement suggest key updates have been made. A thorough inspection is always recommended to understand the condition of foundational elements, plumbing, electrical, and the roof.
5. How stable is the property’s value based on recent history?
The sale history shows strong appreciation. It sold for $375,000 in September 2020 and then $505,000 in August 2024. This indicates a robust increase in value over a four-year period, which can be a positive sign of the home’s desirability and the area’s stability.