Property Overview
This one-and-a-half storey home on Sharp Boulevard in Deer Lodge presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1948, it features 1,148 sqft of living space, a renovated basement, and a detached garage on a notably generous 6,406 sqft lot. Recent sales data shows significant appreciation, with the home selling for $340k in late 2024, up from $260k in early 2022.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a solid, updated foundation within a character home, paired with one of Deer Lodge's larger residential lots. While the living space is modest and slightly below average for its immediate street, the renovated basement adds functional space. The standout feature is the land area, which ranks in the top 5% within the Deer Lodge area, offering excellent outdoor potential and a sense of privacy uncommon for the neighbourhood.
Its appeal is grounded for buyers seeking a manageable, single-family home without the premium price of a fully modernized property. It would suit a first-time buyer comfortable with a home of this era, an investor attracted by the lot size and recent value trend, or a downsizer looking for a low-maintenance footprint with ample garden space. A thoughtful perspective is that while the home itself is unassuming in scale, the lot represents a long-term asset—offering future potential for expansion, landscaping, or simply enjoying a larger-than-average urban yard.
Frequently Asked Questions
1. How does the home’s size compare to the area?
The living area is slightly below average for Sharp Boulevard itself but is around the typical size for both the wider Deer Lodge area and Winnipeg citywide.
2. What does the "Elite" ranking for land area mean?
This means the property's lot size of 6,406 sqft is larger than approximately 95% of comparable properties in Deer Lodge, making it a significant feature of this home.
3. Has the property value increased?
Yes. The sale price increased by $80,000 between February 2022 and October 2024, indicating strong appreciation over that period.
4. What is the home’s condition based on this information?
The listing specifically notes a renovated basement, suggesting this core area has been updated. The age of the main and upper floors is not specified, so viewing is recommended to assess their condition.
5. Is the assessed value the same as the market price?
No. The assessed value for taxation purposes is listed at approximately $30.70k, which is significantly lower than the recent $340k sale price. Market price is determined by recent sales and buyer demand, not municipal assessment.