Property Overview: 350 Woodlawn Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1912, presents a classic character property with practical considerations. Its key appeal lies in its position as a more affordable entry point into the established Deer Lodge neighbourhood. With 1,170 sqft of living space and a 4,804 sqft lot, the home sits around the neighbourhood average for size, offering a manageable scale. A notable feature is the detached garage, adding valuable storage or workshop space.
The home’s assessed value is consistently below average for its street, area, and city-wide, suggesting a potentially lower property tax burden and an opportunity for a buyer to add value through updates. The basement exists but is noted as not renovated, indicating a project space or functional storage. This property would suit a practical first-time buyer, an investor looking for a character home with renovation potential, or someone seeking a lower-maintenance lot in a mature area without the premium of a fully modernized home. Its age (114 years) means charm is balanced with the expectation of ongoing maintenance or systems updates.
Section 2: Frequently Asked Questions
1. What does "below average" assessed value practically mean for me?
It typically indicates a lower annual property tax bill compared to similar-sized homes in the area. It can also reflect the home’s current condition and age, often representing a value proposition for buyers comfortable with a property that may need modernization.
2. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated." This generally means it is in a rough, unfinished state suitable for storage and housing utilities, but would require significant work to become livable space.
3. How does the 1912 build year affect the home?
Homes of this era often feature solid construction and classic layouts, but likely require attention to older plumbing, electrical systems, and insulation. A thorough inspection is essential to understand the condition and any needed updates.
4. The lot size is noted as "around average." Is the yard size typical for the area?
Yes. At just under 5,000 sqft, the lot is consistent with many in Deer Lodge. It provides a decent outdoor space without being overly large to maintain, a balanced feature for the neighbourhood.
5. Who would this property not be ideal for?
It may not suit buyers seeking a move-in-ready, modern home with no immediate projects. Given its age and the note on the basement, those unwilling to budget for potential repairs or future renovations might find it less appealing.