407 Conway Street

Property Overview: 407 Conway Street, Deer Lodge, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1949, presents a solid opportunity in the established Deer Lodge neighborhood. Its key appeal lies in a combination of space and location. With a living area of 1,046 sqft, the home is functionally sized, but its standout feature is the generous 5,611 sqft lot, which ranks well above average for both the street and the local area. This offers significant outdoor space—a rarity for many inner-city properties—with potential for gardening, expansion, or simply enjoying a larger yard.

The home’s renovated basement adds modern, functional living space, a practical update for a house of this era. While it lacks a garage, the assessed value of $330k positions it as a competitively priced entry into a mature community. It suits first-time buyers or downsizers looking for a manageable home without sacrificing yard size, and value-focused buyers who see potential in the land itself. A thoughtful perspective is that this property offers more "breathing room" than many comparably priced homes, trading sheer square footage of living area for a more substantial and private outdoor footprint.

Frequently Asked Questions

1. How does the home’s size compare to others?
At 1,046 sqft, the living area is slightly below the average for similar homes on Conway Street but is generally around the average for the wider Deer Lodge area and city.

2. Is the assessed value in line with the neighborhood?
Yes. The $330k assessment is around the average for the immediate street and the Deer Lodge neighborhood, indicating it is priced consistently with its local market context.

3. What is the significance of the large lot size?
The 5,611 sqft lot is a key feature, ranking in the top 6% on its street and top 28% in Deer Lodge. This is substantially larger than many city lots and provides excellent outdoor space and potential.

4. Has the property been updated?
The listing confirms the basement has been renovated, adding modernized living space. The main and upper levels retain the classic layout of a 1949 one-and-a-half storey home.

5. What are the recent sale trends for this property?
Public records show it sold for $270k in both April and September of 2020. Its current assessed value of $330k reflects the market valuation for taxation purposes, not necessarily a listing or sale price.