Property Overview: 345 Albany Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This 1986 bi-level home at 345 Albany Street presents a practical and affordable entry point into Winnipeg’s established Deer Lodge neighbourhood. With 769 square feet of living space and a renovated basement, it offers compact, low-maintenance living. The home’s standout characteristic is its modern age relative to the area; built in 1986, it is significantly newer than most homes in Deer Lodge and on its own street, which may translate to fewer major age-related repairs in the near term. The lot is modest at 2,500 sqft, aligning with the home's efficient scale.
Its primary appeal lies in its value positioning. The assessed value is notably below averages for both the neighbourhood and the city, suggesting a potentially accessible price point. This is a home for buyers prioritizing function and fundamentals over size. It would suit first-time buyers, downsizers looking to simplify, or investors seeking a manageable rental property. The renovated basement adds flexible space, making it workable for those who need a home office, guest area, or additional storage. It’s a straightforward property that trades grandeur for practicality and modern building bones in a mature community.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 769 sqft, the living area is below the average for Deer Lodge. This indicates a compact, efficient layout ideal for individuals, couples, or those comfortable with cozy spaces.
2. Why is the assessed value relatively low?
The assessed value is below area averages, reflecting the home’s smaller size and modest lot. This is typical for compact, no-frills properties in established neighbourhoods and often correlates with a more accessible purchase price.
3. What are the advantages of it being built in 1986?
Being built 40 years ago, it is newer than most homes in Deer Lodge. This can be an advantage, as systems (like plumbing and electrical) may be more modern and potentially require less immediate updating than in much older homes.
4. Is the small lot a significant drawback?
The 2,500 sqft lot is smaller than typical. This means less yard maintenance, which can be a positive for those seeking a low-maintenance lifestyle, but offers limited private outdoor space.
5. What is the neighbourhood context?
Deer Lodge is a long-established, quiet residential area. The home sits on a street with properties of varying ages and sizes, with the direct neighbouring homes being very close in proximity, as is common in older suburbs.