Property Overview & Key Characteristics
This one-and-a-half storey home at 395 Conway Street in Winnipeg's Deer Lodge neighbourhood presents a practical opportunity. Built in 1949, its 1,122 sqft living space is squarely average for the area, but it sits on a notably generous lot of over 5,600 sqft, ranking in the top 11% on its street for land size. This offers valuable outdoor space and potential. A key feature is the renovated basement, adding functional living area. There is no garage or pool.
The appeal lies in its grounded, no-frills character within a mature community. The large lot is a significant asset for gardening, play, or future expansion, setting it apart from many neighbouring properties. The renovated basement suggests some modern updates, and the home's assessed value is modest relative to the area. It would suit first-time buyers, downsizers, or practical investors looking for a solid entry into a stable neighbourhood without a premium price tag. It's a property where value is derived more from land and location than from high-end finishes.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The land area of 5,609 sqft is a standout feature. It is significantly larger than many lots in Deer Lodge and ranks in the top 11% on Conway Street itself, offering more privacy and yard space than most immediate neighbours.
2. What is the significance of the "renovated basement"?
While specifics aren't listed, this indicates the below-grade space has been updated for modern use, likely as a living, recreational, or utility area. It's a functional advantage, adding usable square footage beyond the main living area.
3. How does the assessed value relate to market price?
The municipal assessed value is notably low ($30,400), which is not an indicator of market price but of a tax assessment base. Recent sale prices for the home itself (230k in 2019, 250k in 2019) provide a more relevant, though historical, market reference point.
4. What does the "one-and-a-half storey" design mean?
This classic Winnipeg style typically features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with unique ceiling angles. It reflects the home's 1949 character.
5. Are there any obvious concerns from the data?
The home is older, so a thorough inspection for aging components (roof, wiring, plumbing) is advisable. The lack of a garage is a consideration for parking and storage. However, the data shows the home's age is actually newer than many on its street.