Property Overview
This one-and-a-half storey home on Mandeville Street in Deer Lodge presents a solid, grounded opportunity in Winnipeg's housing market. Built in 1948, it features 1,378 sqft of living space and a renovated basement, complemented by a detached garage. The property stands out for its generous 4,886 sqft lot, which is notably larger than most on its street. Its assessed value positions it above average for the immediate area, suggesting a well-regarded property within its local context.
The appeal lies in its established neighborhood setting and the tangible value of its spacious lot—a rarity that offers potential for gardening, expansion, or simply more private outdoor space. It would suit practical buyers looking for a character home with some updates in place, like the renovated basement, and who prioritize land size over a brand-new build. It’s a property for someone who sees value in a home that performs well against its direct neighbors, offering a balance of indoor living space and outdoor potential without the premium of a newer subdivision.
Frequently Asked Questions
How does the lot size compare to nearby properties?
The land area of 4,886 sqft is a key feature, ranking in the top 7% on Mandeville Street itself. This means the lot is significantly larger than most on the same block, offering more yard space than is typical for the immediate area.
Is the home older than average for Winnipeg?
Yes. Built in 1948, it is older than the Winnipeg city-wide average. However, within the Deer Lodge neighborhood, its age is quite typical, fitting right in with the area's established character.
What does the "above average" assessed value for the area indicate?
The assessed value is above the average for both the street and the Deer Lodge area. This often reflects factors like the renovated basement, lot size, and the home's overall condition relative to its peers, suggesting it is a well-maintained property in its local market.
How does the living space compare?
At 1,378 sqft, the living area is comfortably above the average for Deer Lodge and is very close to the city-wide average. It provides a practical amount of space that is competitive for the neighborhood.
Was the last sale price consistent with its assessed value?
The home sold for $310,000 in February 2021. The current assessed value is $33,500 (a provincial assessment figure, not a market valuation). It's important to consult a real estate professional for a current market valuation, as sale prices are influenced by market conditions at the time of sale.