Property Overview
This 2022-built, one-storey home at 361 Linwood Street in Deer Lodge offers a rare combination of new construction within an established Winnipeg neighbourhood. With 1,343 sqft of living space and a detached garage, it sits on a standard city lot of just over 5,000 sqft. The home features a basement, which is not renovated. Its standout characteristic is its modern age in a sea of much older homes, placing it in the top 1% for year built both locally and citywide. This newness is reflected in its assessed value of $430k, which ranks in the top 2% for its immediate area, suggesting a premium for the modern build. The appeal lies in acquiring a low-maintenance, modern property without sacrificing the mature streetscape and community feel of Deer Lodge. It would suit buyers looking for a turn-key, newer home who want to avoid the immediate renovations often needed with older properties, as well as those who value the quiet stability of a long-established neighbourhood over a new subdivision.
Frequently Asked Questions
1. What does the high assessed value relative to the neighbourhood mean?
The $430k assessment is in the top 2% for Deer Lodge. This primarily reflects the home's very recent construction (2022) compared to the neighbourhood's average home age from the 1940s. It indicates a premium for the modern build and systems, not necessarily that the home is oversized or luxurious compared to its surroundings.
2. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated." This presents both a downside for those wanting immediate finished space and a clear opportunity for future customization and added value.
3. How does the living space compare to nearby homes?
At 1,343 sqft, it's comfortably above the average for both Deer Lodge (~1,197 sqft) and citywide averages. It offers more interior space than many neighbouring properties, which is a notable advantage given the home's efficient single-storey layout.
4. What are the less obvious trade-offs of a new home in an old area?
While you benefit from new construction, the lot size (5,048 sqft) is slightly below the citywide average. You may have less outdoor space than you would in a newer suburb. Also, the architectural style and landscape of a brand-new home can sometimes stand out on a street with a more consistent, older character.
5. The home sold in 2022; why is it back on the market so soon?
The data shows a sale in June 2022 for $477,000. A resale after only a few years can be due to many common life changes (relocation, family size change) and is not inherently a concern. It does, however, provide a recent, transparent market price point for comparison, which is an advantage for buyers conducting their due diligence.