Property Summary: 421 Albany Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Deer Lodge stands out for its modern build date (2012) and above-average living space. Its key appeal lies in being a relatively newer, low-maintenance property in an established neighbourhood. With 1,324 sqft of living area, it offers more interior space than most homes on its street and in Deer Lodge. The detached garage adds practical convenience. However, the lot is notably smaller than area norms, which means less yard upkeep but also limited private outdoor space.
It would suit buyers looking for a move-in-ready home without the concerns of aging infrastructure common in older areas. It’s ideal for professionals, small families, or downsizers who prioritize interior space and modern construction over a large garden. The above-average assessed value for the street and neighbourhood suggests it is a premium offering in its immediate context, appealing to those seeking a quality-built home in a convenient location.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
It significantly reduces yard maintenance, which is a plus for many. However, it limits potential for expansions like large decks, pools, or additions, and offers less private green space compared to neighbours.
2. Why is the assessed value much lower than the last sale price?
The 2022 sale price of $350k reflects market value, while the assessed value ($36.60k) is for taxation purposes only. In Manitoba, property tax assessments are typically a fraction of market value.
3. What does "basement: yes, not renovated" mean?
It confirms the home has a basement, but it is unfinished or in its original builder state. This presents both a future opportunity for expansion and a current cost-saving, as you’re not paying a premium for a developed lower level.
4. Is the home a good value compared to others in Deer Lodge?
The data shows it ranks highly for living area, year built, and assessed value within the neighbourhood. This indicates you are paying for a newer, larger home in the area. Value depends on whether you prioritize modern construction and space over having a larger lot.
5. What is the neighbourhood context like?
Being built in 2012 on a street where comparable homes average a 1949 build date means this house is a modern outlier. This can be positive for infrastructure, but the architectural style and lot size may differ from surrounding properties.