Property Overview: 357 Overdale Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1940, presents a solid opportunity in the Deer Lodge neighbourhood. With 1,577 sqft of living space and a recently renovated basement, it offers functional space for a growing household or those needing a home office or recreational area. The detached garage and a generous, near 6,000 sqft lot provide practical outdoor space and parking flexibility.
The primary appeal lies in its strong value proposition within its immediate context. While the living area is typical for Overdale Street, the home’s assessed value ranks in the top 13% on the street and an elite top 2% within the wider Deer Lodge area. This suggests a property that is well-regarded relative to its neighbours, potentially due to updates, condition, or lot appeal. It suits value-conscious buyers looking for a character home in a established area, who appreciate space over a brand-new build. It’s particularly fitting for those who see potential in a home that already stands out in terms of municipal assessment within a desirable pocket of the city.
Frequently Asked Questions
1. What does the high assessed value ranking in Deer Lodge actually mean?
It indicates that, according to municipal assessment, this property is valued higher than 98% of comparable homes in the Deer Lodge area. This often reflects desirable attributes, updates, or a premium location within the neighbourhood that are recognized in its official valuation.
2. Is the living space sufficient for a family?
At 1,577 sqft, the living area is above the Winnipeg average and typical for the street. Combined with a renovated basement, it provides ample room for a family, though the one-and-a-half storey layout may have more traditional bedroom sizes compared to some modern open-concept plans.
3. How does the sale history inform the current value?
The home sold in 2021 for $47,600 and previously in 2017 for $29,200. This history shows significant appreciation over that period, but a current market evaluation is essential to understand today’s value in the context of these past transactions.
4. What are the implications of the 1940 build date?
While the home is older than most in Winnipeg, it is actually newer than many on its own street. This vintage suggests classic construction and character, but buyers should ensure inspections cover aging components like plumbing, electrical, and the roof, which may have been updated over time.
5. How does the lot size compare and what does it offer?
At 5,999 sqft, the lot is larger than average for Deer Lodge, offering more private outdoor space. On Overdale Street itself, it is about average, meaning it fits the established streetscape without standing out as unusually large or small for the area.