Property Overview: 406 Truro Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Deer Lodge presents a compelling mix of modern convenience and value. Its primary appeal lies in its standout assessed value relative to the immediate area, ranking in the top 5% on its street and top 7% in Deer Lodge, suggesting a strong valuation foundation. Built in 2012, it is a notably newer construction compared to most homes in the neighbourhood, offering contemporary building standards and less immediate concern for major aging system replacements.
The home features a renovated basement and a functional 1,054 sqft living area, which is comfortably above average for Truro Street. A thoughtful perspective is that while the lot size is smaller than many in the wider city, it is quite typical for the street itself, potentially translating to lower maintenance without sacrificing neighbourhood fit. This property would particularly suit first-time buyers or downsizers seeking a modern, low-maintenance home in a mature community, as well as value-focused buyers who appreciate a home with a proportionally high assessment in its local context.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home sold for $41,200 in July 2023, which is close to its current assessed value of $38,700. This narrow gap suggests the assessment is closely aligned with recent market activity.
2. Is the living space sufficient for a family?
At 1,054 sqft plus a renovated basement, the home offers practical space for a small family or couple. Its single-storey layout is a key advantage for accessibility or those preferring all living areas on one level.
3. What are the implications of the smaller lot size?
The land area is smaller than the Deer Lodge and city averages, which typically means less yard maintenance. However, it is actually around average for Truro Street itself, so it is consistent with the immediate streetscape and unlikely to feel out of place.
4. Why is the assessed value ranked so highly here?
The "elite" ranking for assessed value on Truro Street indicates this home is valued significantly higher than most of its direct neighbours. This is likely driven by its newer construction year (2012) and renovated condition compared to the older housing stock that dominates the area.
5. What is the neighbourhood character of this part of Deer Lodge?
Truro Street appears to be a street of contrasts, featuring a mix of older homes and some newer builds like this one. The data indicates homes here generally sit on smaller lots but can have strong individual value, suggesting a pocket that is seeing gradual renewal.