Property Overview: 389 Guildford Street, Deer Lodge, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home in Deer Lodge presents a solid, no-fuss opportunity. Built in 1950, its key strength lies in its generous 5,613 sqft lot, which ranks among the top 5% on its street, offering ample outdoor space and potential in a mature neighbourhood. The 1,263 sqft living area is comfortably average for the area, and the home features a renovated basement and a detached garage. Its assessed value sits well above average for both the street and Deer Lodge, suggesting a perception of solid worth relative to its immediate peers.
The appeal here is grounded in space and stability. It suits a practical buyer who values a larger, established lot over a brand-new build—perfect for gardening, children, or future expansion. It would also fit someone looking for a home in a character neighbourhood without the extreme premium of more central areas. A less obvious point is its recent sale history; the significant jump from its 2022 sale price to the 2025 sale price indicates active market interest and could reflect underlying value not fully captured in older assessments. This isn’t a flashy property, but one for buyers who see potential in land and location, and who appreciate a home that stands out in its immediate area for lot size and perceived value.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,263 sqft, the living area is very close to the average for both Deer Lodge and Winnipeg overall. It’s a standard size for a family home of its era.
2. The assessed value seems high for the street. Why is that?
The assessment is indeed in the top 19% on Guildford Street. This can be influenced by the home’s above-average lot size, the renovated basement, and recent sale prices, which assessors use as benchmarks.
3. What is the significance of the large lot?
The lot is a standout feature, ranking in the top 5% on the street. This provides more privacy, yard space, and flexibility than many neighbouring properties, which can be a long-term advantage.
4. Who might this neighbourhood suit?
Deer Lodge is a mature, established area with a mix of residential streets and nearby amenities like parks and schools. It typically suits families, downsizers seeking a quiet community, and buyers looking for relative affordability within Winnipeg.
5. The home sold recently in 2025. What does that price history indicate?
The sale in February 2025 at $400,000 shows a notable increase from its previous sale in 2022. This suggests strong market demand for the property and likely reflects updates, its desirable lot, or the overall movement in the local market.