Property Overview
382 Moorgate Street is a one-and-a-half storey home in Winnipeg's Deer Lodge neighbourhood, built in 1949. Its key appeal lies in its above-average positioning within its immediate area, offering a sense of value and space compared to nearby homes. The house itself, at 1,092 sqft, is a comfortable size for the street, but the property stands out for its larger-than-average lot (over 5,600 sqft) and a notably renovated basement, adding functional living space. It features a detached garage.
This home would suit a buyer looking for a solid, established property in a quiet neighbourhood, where the land itself presents a significant portion of the value. It’s ideal for someone who appreciates a character home but wants the foundation of modern updates (like the basement), and who might see potential in the generous outdoor space. The data suggests it’s a property that performs well in its local context—its assessed value ranks in the top 30% on its street—making it a practical choice for those seeking a home that holds its own in the area without being the largest or most expensive.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 1,092 sqft, the living area is slightly below the average for Moorgate Street (~1,241 sqft) but is very close to the average for the broader Deer Lodge area. The lot size, however, is above average for the street, offering more outdoor space than many neighbours.
Is the assessed value high for the area?
Yes. The home’s assessed value ranks in the top 28% on Moorgate Street and the top 26% in Deer Lodge, indicating it is officially valued higher than most comparable homes in the immediate vicinity. This often reflects factors like condition, updates, or lot desirability.
What does the "Elite" ranking for year built mean?
On Moorgate Street, where many homes are of a similar vintage, this 1949 build is among the 4% newest houses. This is a relative advantage on this specific street, suggesting it may have slightly newer infrastructure or design elements than many direct neighbours.
What is the potential here for a future buyer?
The combination of a renovated basement and a large lot is the key. The basement adds immediate, modern living space, while the lot offers rare potential for expansion, gardening, or outdoor living in a mature neighbourhood, which isn't always available in this price segment.
How stable has the home's value been?
The home last sold in June 2021 for $32,500. Its current assessed value is slightly higher at $33,700, suggesting a stable or slightly appreciating value in line with market trends over that period, based on municipal assessment.