Property Overview: 364 Albany Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1925, presents a classic character home opportunity in the established Deer Lodge neighbourhood. With 1,130 sqft of living space, it offers a comfortable footprint that is notably above average for similar homes on Albany Street itself. The property includes a detached garage and a standard city lot.
The primary appeal lies in its value proposition and potential. The home's assessed value is modest relative to many in the wider area, which can mean a more accessible entry point into a mature neighbourhood. Its unrenovated basement presents a blank canvas for customization. This property would suit a practical buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who values location and the opportunity to add value over move-in-ready perfection. A less obvious perspective is that its older vintage, while requiring due diligence, often comes with a level of craftsmanship and architectural detail not found in newer builds, appealing to those who appreciate classic Winnipeg housing stock.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,130 sqft, the living area is actually above average for similar homes on Albany Street, ranking in the top 27%. It provides a bit more space than many immediate comparables.
2. Is the assessed value typical for the area?
The assessed value of $260k is around average for Albany Street but is considered below average when compared to the broader Deer Lodge neighbourhood and the city as a whole. This can indicate a value-oriented position within the market.
3. What should I know about the age of the home?
Built in 1925, the home is older than most in Deer Lodge and Winnipeg. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major aging components like wiring, plumbing, and the foundation.
4. How does the lot size compare?
The land area of 2,923 sqft is fairly standard for Albany Street but is smaller than the average lot in both the Deer Lodge area and across Winnipeg. This means lower maintenance but also less private outdoor space than some other properties.
5. Has it sold recently, and for how much?
The last recorded sale was in December 2019 for $210,000. A prior sale occurred in August 2019 for $120,000. These figures provide historical context, but the current market value will be determined by present conditions, the home's state, and recent comparable sales.