Property Overview: 364 Truro Street, Winnipeg
Key Characteristics & Appeal
This 2016-built bi-level home in Deer Lodge offers a compelling mix of modern convenience and established neighbourhood character. Its key appeal lies in its relative newness within a mature area; it is among the newest homes on its street and in the wider community, suggesting fewer immediate maintenance concerns and contemporary building standards. With 924 sqft of living space and a renovated basement, it provides efficient, updated living.
The data reveals a thoughtful balance. While the living area and land size (2,370 sqft) are modest compared to area averages, the property’s assessed value ranks well above average for both the street and Deer Lodge. This indicates that its modern construction, condition, and improvements are highly valued relative to its footprint. The detached garage adds practical utility.
This property would suit first-time buyers or downsizers seeking a low-maintenance, turn-key home in a quiet neighbourhood without the premium of a brand-new subdivision. It’s also a pragmatic choice for value-focused buyers who prioritize a home’s condition and age over sheer square footage, offering a way to own a newer build without a sprawling yard to manage.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living space is compact at 924 sqft, placing it below the average for both Deer Lodge and Winnipeg overall. This indicates a efficient, manageable layout rather than a spacious one, which is reflected in its pricing.
2. Why is the assessed value high relative to the home’s size?
The assessed value ranks in the top 17% for Deer Lodge, largely due to the home’s young age (built 2016) and renovated basement. Assessors place significant value on these factors, meaning you’re paying more for the condition and modern construction than for square footage.
3. What does the land size mean for outdoor space?
The lot is 2,370 sqft, which is smaller than most in the area. This translates to a smaller yard, which could be a benefit for those seeking minimal outdoor upkeep, but a limitation for those wanting extensive gardening or private outdoor recreation space.
4. Has the property’s value increased since it was last sold?
The home sold for $31.6k in 2019 and $30.4k in 2016. Its current assessed value is $35.1k. This suggests steady, modest appreciation, consistent with a newer home in a stable neighbourhood. It’s advisable to consult a real estate professional for a current market valuation.
5. What is the significance of it being a “bi-level” design?
A bi-level typically features a main living area accessed by a short flight of stairs from the entrance, with bedrooms often on a separate level. This design can offer good separation of space in a smaller footprint. The renovated basement adds functional living area, making the layout feel more expansive than the square footage may imply.