Property Overview: 334 Moorgate Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in the established Deer Lodge neighbourhood. Its key characteristics include 1,050 sqft of living space, a renovated basement, a detached garage, and a standard 5,602 sqft lot. The home’s primary appeal lies in its strong value proposition. The assessed value ranks significantly above average for both its immediate street and the wider Deer Lodge area, suggesting it may be a well-maintained or improved property within its peer group. While the living space is modest and below the street average, this can translate to lower utility costs and easier upkeep.
This property would suit a first-time buyer, a downsizer, or an investor looking for a solid, no-frills home in a mature neighbourhood. Its above-average assessment for the area indicates it’s likely not a fixer-upper, appealing to those who want a move-in-ready baseline without the premium of a new build. A thoughtful perspective is that while the home itself is modest in size, its value ranking hints at "good bones" and potential for an owner to gain more square footage in the future through a thoughtful addition, given the lot size.
Section 2: Frequently Asked Questions
1. Is the house small?
Yes, at 1,050 sqft, the living area is below the average for other homes on Moorgate Street. This makes it a cozy, manageable property ideal for smaller households or those seeking lower maintenance.
2. Why is the assessed value ranked so high compared to the area?
The assessment ranks in the top 22% for Deer Lodge, well above the neighbourhood average. This typically indicates the property has been renovated, is in very good condition, or has features that the municipal assessor views as adding significant value compared to similar-aged homes.
3. What does the sale history tell us?
The home last sold in October 2016 for $270,000. This historical data provides a benchmark, but the current assessed value and market conditions will be the primary drivers of its present listing price.
4. What is the neighbourhood like?
Deer Lodge is a long-established, quiet residential area in Winnipeg. The data shows homes here are typically from the 1940s-50s, with similar lot sizes, offering a consistent, stable community feel.
5. Are there any obvious drawbacks?
The home is older, so potential buyers should budget for expected maintenance common to houses of this era. The detached garage, while a benefit, may be less convenient in winter than an attached one. The living space is compact, so it may not suit those needing multiple large bedrooms or dedicated work-from-home spaces without using the renovated basement.