Property Overview: 348 Conway Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Deer Lodge is a practical and character-filled property built in 1949. With 1,119 sqft of living space and a renovated basement, it offers functional living areas with modernized touches. Its standout feature is a detached garage, providing valuable storage or workshop space. The lot size of 5,582 sqft is notably generous for its specific street, offering more outdoor space than most immediate neighbors—a less obvious advantage for gardening, play, or future expansion.
The home’s appeal lies in its balance of post-war charm and updates, situated in a stable, established neighborhood. The data suggests it is a solidly average property in terms of size and value for the Deer Lodge area, indicating a fair market position without premium pricing. It would suit first-time homebuyers, small families, or practical downsizers looking for a manageable home with character, a good yard, and the convenience of a garage. Its assessed value history points to a property that is not over-improved for the area, making it a sensible choice for value-conscious buyers.
Section 2: Frequently Asked Questions
1. How does the property compare in size to others nearby?
The living area is slightly below the average for comparable homes on Conway Street itself but is very close to the average for the wider Deer Lodge neighborhood, making it a typical offering for the community.
2. Is the lot size a pro or a con?
While the lot is below the street's average, it is actually around the average for Deer Lodge and citywide. More importantly, it ranks as one of the larger lots on Conway Street itself, offering more private outdoor space than most direct neighbors.
3. What does the assessed value tell us?
The assessed value is around the average for the street and neighborhood but ranks higher citywide. This typically indicates the property is in a desirable, established area where values hold steady compared to the broader city market.
4. The home was built in 1949. What should I consider?
While older than many city homes, it is actually newer than most on its street and in Deer Lodge. Buyers should still budget for potential updates common to homes of this era, but its relative "newness" for the area is a subtle positive.
5. What is the context of the last sale price?
The home sold in late 2019 at a price that ranked in the top 62-70% of comparable sales at the time, suggesting it was a competitive, in-demand property in its market segment prior to the recent market shifts.