Property Overview: 421 Truro Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1950, offers a practical and well-sized living space of 1,241 sqft on a 4,380 sqft lot. Its key appeal lies in its above-average living area for the immediate street and a recently renovated basement, adding valuable finished space. The home sits in a mature, established neighbourhood where it represents a solid, middle-of-the-road option rather than a standout luxury property. Its assessed value is modest compared to many in Deer Lodge and citywide, which can be attractive from a property tax perspective.
This property would suit first-time buyers or practical downsizers looking for a comfortable, move-in-ready home with updated fundamentals (like the basement) in a quiet, no-fuss neighbourhood. It’s a home that offers more interior space than many on its block, which is a notable advantage for the area. A less obvious perspective is that its "around average" metrics across the board signal stability and predictability—it’s less likely to be over-improved for the area or come with surprising premium costs, making it a straightforward and sensible purchase.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,241 sqft, the living area is above average for Truro Street itself (ranking in the top 14% of 96 homes on the street), though it is closer to the average when compared to the wider Deer Lodge area and the city overall.
2. What is the property tax situation likely to be?
The home has a modest assessed value of $28,100, which is below the average for both the Deer Lodge neighbourhood and Winnipeg citywide. This typically suggests relatively lower property taxes, which is a practical financial benefit.
3. Is the lot size typical for the area?
The 4,380 sqft lot is fairly standard for Truro Street but is below the average lot size within the larger Deer Lodge community. This means smaller outdoor maintenance, but potentially less private space than some other homes in the neighbourhood.
4. When was the home last sold, and for how much?
The home was sold in September 2019 for $240,000. This sale price was above the average for similar homes on the street, in Deer Lodge, and citywide at that time, indicating strong buyer interest.
5. What does the "one-and-a-half storey" building type mean?
This classic Winnipeg style typically features a main floor with principal rooms and a second floor under a sloped roof, often containing cozy bedrooms with dormer windows. It offers more character and potentially more space than a true bungalow, but with a different layout than a full two-storey home.