Property Overview
357 Truro Street is a compact, one-storey home in Winnipeg's Deer Lodge neighbourhood. Built in 1950, its 832 sqft living area is modest compared to local averages, but it sits on a notably larger-than-average lot for its immediate street. The home features a renovated basement and a detached garage. Its last sale was in March 2021 for $250,000, and its current assessed value is positioned around the average for Truro Street.
Key Characteristics & Appeal
This property’s appeal is rooted in its efficient use of space and its land value. The renovated basement adds functional living area to the smaller main floor, making it a practical, low-maintenance home. The standout feature is the 4,383 sqft lot, which is significantly larger than most on Truro Street, offering valuable outdoor space and future potential in a mature neighbourhood.
It would suit first-time buyers or downsizers seeking an affordable entry into a well-established area without a large house to maintain. The generous lot size is a particular draw for those who value gardening, privacy, or see long-term value in the land itself. It’s a home for pragmatic buyers who prioritize location and lot over square footage, viewing the compact interior as a manageable canvas.
Frequently Asked Questions
1. Is the house too small for a small family?
While the main living area is compact, the renovated basement provides crucial additional space. Its suitability depends on the family's needs, but it represents a more affordable option in the area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or rooms. This should be a key point of inquiry to understand the home's full living space and condition.
3. Why is the assessed value much lower than the 2021 sale price?
The assessed value for taxation purposes ($28,800) is not a market valuation. The 2021 sale price of $250,000 is the relevant market indicator, and values have likely shifted since then.
4. What are the benefits of a larger lot on this street?
The above-average lot offers more yard space, greater distance from neighbours, and potential for additions, landscaping, or outdoor living features that smaller lots cannot accommodate.
5. How does this home compare to others in Deer Lodge?
The home is smaller and older than many in the wider Deer Lodge area, which contributes to its accessibility. Its value proposition is its balance of a fair price, a renovated component, and a desirable lot size within the neighbourhood.