Property Overview: 429 Winchester Street, Winnipeg
Key Characteristics & Appeal
This well-maintained one-storey home in Deer Lodge offers a practical layout with 1,120 sqft of living space and a renovated basement, situated on a generous 6,001 sqft lot. Its standout feature is its strong position within the immediate area: it boasts an assessed value significantly above average for both its street and the broader Deer Lodge neighbourhood, suggesting it is a premium property in its local context. Built in 1952, it is notably newer than many surrounding homes, which often translates to fewer concerns over the aging components typical of the area's housing stock.
The appeal lies in this combination of above-average lot size, modernized basement space, and a home that stands out positively in its established community. It suits buyers looking for a move-in ready, single-level living option in a mature neighbourhood, who value a property that outperforms its local peers in terms of valuation and relative age. The detached garage adds practical storage or workshop space. A thoughtful perspective is that while the living area is modest compared to city-wide averages, its high assessment relative to nearby homes could indicate superior finishes, condition, or desirability, offering a sense of having a "best-in-class" property on the block.
Frequently Asked Questions
1. How does this home's value compare to others nearby?
The home's assessed value of $360k ranks in the top 13% for the Deer Lodge area, meaning it is valued higher than the vast majority of comparable homes in the neighbourhood, a sign of its perceived quality or appeal.
2. Is the lot size typical for the area?
At just over 6,000 sqft, the lot is above average for Deer Lodge, offering more outdoor space than many neighbouring properties.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point for buyer due diligence to understand the finish quality, permits, and the nature of the space (e.g., recreational, rental suite, additional bedrooms).
4. The home sold recently in August 2023. Why is it back on the market?
The property changed hands for $420k in mid-2023. The reasons for a quick resale are not provided and would be an important area for a buyer to explore directly with the seller or their agent.
5. Given its age, what should I be mindful of?
While newer than many homes on its street (average year built 1938), a 1952 build still requires attention to major aging components. A thorough inspection of the roof, foundation, plumbing, and electrical systems is always recommended.