Property Overview: 392 Sharp Boulevard, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, sits on a notably generous 6,410 sqft lot in the established Deer Lodge neighbourhood. With 1,356 sqft of living space, it offers room to grow and is positioned on a street of similarly sized homes. A key feature is its detached garage. The home presents as a solid, unrenovated property with a functional basement, appealing to those who see potential rather than a turn-key finish.
Its primary appeal lies in its land value and location. The lot size is elite for Deer Lodge (top 4% of the area), offering rare outdoor space and future potential in a mature community. While the assessed value is below average for the street and city, this suggests an entry point into a desirable area. The recent sale price aligns more closely with city-wide averages, indicating buyer recognition of this potential.
This property would suit a practical buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who values space and location over immediate modern finishes. It’s for someone comfortable with a project, whether that’s gradual updates, maximizing the large yard, or holding the property for its long-term land value in a stable neighbourhood.
Frequently Asked Questions
1. Is the home in need of major repairs?
The listing notes the basement is "not renovated," and the overall description suggests the property is in original condition. Buyers should budget for updates and consider a thorough inspection to prioritize any essential repairs over cosmetic improvements.
2. How does the lot size compare to others?
The 6,410 sqft lot is a standout feature. It ranks in the top 4% for the Deer Lodge area, meaning it is significantly larger than most neighbouring properties, offering exceptional outdoor space.
3. Why is the assessed value lower than some comparisons?
The assessed value is below the street and city-wide averages. This can reflect the home's unrenovated state and is common for older properties awaiting modernization. It often translates to a relatively lower property tax burden.
4. What is the neighbourhood like?
Deer Lodge is an established, quiet residential community in Winnipeg. The data shows homes here are typically of a similar vintage, offering a consistent, mature streetscape. It's a neighbourhood of character rather than new development.
5. Is the recent sale price a good indicator of value?
The home sold in November 2024. The sale price provides a concrete, recent market valuation that factors in the home's condition, the large lot, and neighbourhood demand, making it a more current benchmark than the assessed value for understanding its worth.