Property Overview: 424 Truro Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Deer Lodge is a practical and character-filled property built in 1953. With 800 sqft of living space and a renovated basement, it offers a compact yet functional layout. The home sits on a 4,151 sqft lot, which is a generous size for the immediate street and provides valuable outdoor space. A detached garage adds utility.
The primary appeal lies in its position as a relatively affordable entry point into a mature Winnipeg neighbourhood. The renovated basement adds modern livability to a classic structure. Its assessed value is notably modest compared to city-wide averages, suggesting a lower property tax burden. This home would suit first-time buyers, downsizers, or practical investors looking for a manageable property with room to personalize. It’s for someone who values a larger lot and neighbourhood character over sheer interior square footage, and who sees the charm and potential in a well-located, smaller home.
Frequently Asked Questions
1. How does the living space compare to other homes?
At 800 sqft, the living area is below the average for both the Deer Lodge neighbourhood and Winnipeg overall. This indicates a more compact, efficient layout rather than a sprawling one.
2. Is the assessed value typical for the area?
The home’s assessed value is below average for Deer Lodge and significantly below the city-wide average. This often correlates with lower annual property taxes, which is a key ongoing cost consideration.
3. What does the "Top X%" ranking mean for the year built?
The home ranks in the top 23% on its street and top 8% in Deer Lodge for year built (1953). This means it is newer than most of its direct neighbours, which can be an advantage for certain system updates or architectural style.
4. How usable is the lot size?
The 4,151 sqft lot is above average for Truro Street itself, offering more private outdoor space than many direct neighbours. However, it is below the average lot size for the broader Deer Lodge area.
5. What is the immediate neighbourhood like?
The listing shows several other homes on the same block and nearby streets with very similar assessed values, suggesting a consistent, established streetscape of comparable properties, which can contribute to neighbourhood stability.