Property Overview: 388 Albany Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Deer Lodge is a practical and affordable entry point into the Winnipeg market. Its key characteristics include 805 sqft of living space, a renovated basement, a detached garage, and a 4,385 sqft lot, all built in 1950. The appeal lies in its relative value and manageable scale. While the living area is modest compared to area averages, the home sits on a lot that is larger than many in the immediate neighbourhood, offering valuable outdoor space. The recently renovated basement adds functional living area. With an assessed value significantly below the citywide average, it presents a lower financial barrier to entry.
This property would best suit first-time homebuyers, downsizers, or practical investors looking for a straightforward, low-maintenance home in a well-established community. Its size is ideal for individuals, couples, or small families who prioritize financial accessibility and a decent yard over expansive interior square footage. A thoughtful perspective is that a smaller, efficiently designed home on a good-sized lot can offer greater long-term flexibility and lower utility costs than a larger, more expensive property.
Section 2: Frequently Asked Questions
1. Is the house particularly small?
Yes, at 805 sqft, the living area is below average for Deer Lodge and Winnipeg overall. However, the renovated basement provides additional functional space, and the lot size is actually above average for the immediate street.
2. What does the assessed value indicate?
The assessed value of $28,600 is below the city average but is around the typical value for Albany Street itself. This generally suggests the home is priced accessibly within its specific local context, not that it is undervalued.
3. How does the year built affect the home?
Built in 1950, the home is older than most in Deer Lodge but is typical for its street. Buyers should budget for maintenance consistent with a home of this age and consider the potential for older building materials and systems.
4. Who might the detached garage benefit?
The detached garage is a valuable asset for anyone needing workshop space, secure storage, or parking protected from the elements. It also provides flexibility that an attached garage does not.
5. Based on the data, what is the core trade-off here?
The data suggests you are trading interior square footage for lot size and affordability. You get a larger-than-average lot for the street and a lower price point, but the living space is compact. This is a classic value proposition for budget-conscious buyers.