365 Mandeville Street

Property Overview & Key Characteristics

This one-and-a-half storey home on Mandeville Street in Deer Lodge presents a practical opportunity in a well-established neighbourhood. Built in 1948, its 1,133 sqft of living space is modest but functional, featuring a renovated basement and a detached garage. The standout feature is the 4,886 sqft lot, which is notably larger than most on the street, offering valuable outdoor space and potential.

Its appeal lies in its grounded positioning. The home's assessed value and living area sit below average for its immediate street, suggesting a more accessible entry point into the area. This isn't a showpiece, but a solid, no-frills property with a generous yard. It would suit first-time buyers, practical downsizers, or value-focused investors looking for a character home with room to breathe and the possibility to add value over time, without the premium of a newer or fully modernized build.

Frequently Asked Questions

1. How does this home compare in size to others nearby?
At 1,133 sqft, the living area is somewhat smaller than the average home on Mandeville Street (approx. 1,290 sqft) and across Winnipeg. This is a key factor in its pricing and may appeal to those seeking a more manageable footprint.

2. What is the significance of the lot size?
The lot is over 4,800 sqft, ranking in the top 7% on the street for land area. This is a significant asset, providing more private outdoor space than neighbours and potential for gardening, expansion, or additions, subject to zoning.

3. What does the assessed value indicate?
The assessed value is below the citywide average. This typically correlates with a lower property tax burden and can indicate a home priced for its condition and size rather than its location, offering a cost-effective way to enter the Deer Lodge neighbourhood.

4. When was it last sold, and for how much?
The home sold in August 2020 for $27,200. This recent sale provides a clear, concrete benchmark for its market value just a few years ago, which can be a useful reference point for current valuation.

5. What should I consider about the home's age?
Built in 1948, the home is older than three-quarters of the city's housing stock. This means potential for classic charm and sturdy construction, but also that a thorough inspection for aging components (like plumbing, electrical, or the roof) is essential. The renovated basement is a positive update.