Property Overview: 107-163 Bertrand Street, Winnipeg
Key Characteristics & Appeal
This is a compact, 949 sqft property built in 1986, situated in the Central St. Boniface neighbourhood. Its primary appeal lies in its value proposition and relative standing within its immediate area. While its size and assessed value are around the Winnipeg average, it stands out on its own street: it is newer than 97% of comparable homes on Bertrand Street and offers more living area than 74% of them. The home has no basement, pool, or garage.
It would suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes a solid footing in a well-established neighbourhood over premium finishes or extra amenities. The data suggests you are purchasing a property that is objectively above-average for its specific block, which could offer a sense of relative stability and potential in a city-wide context. It’s a straightforward property that appeals to those who see a foundation rather than a finished product.
Frequently Asked Questions
1. What does the "Top 3%" ranking for Year Built on its street mean?
It means that, compared to similar properties on Bertrand Street, this 1986 home is newer than 97% of them. The average build year for comparable homes on the street is 1977, making this a relatively modern structure in that specific context.
2. Are the low assessed value and sale price red flags?
Not necessarily. The assessed value ($22,900) and last sale price ($21,300) are consistent with each other and are around the city-wide average for comparable properties. This typically indicates a modest, no-frills property rather than one with underlying issues. It’s essential to understand what features or conditions are reflected in that valuation.
3. What are the implications of having no basement, garage, or pool?
This means very low maintenance costs and no risk of basement flooding, which is a common concern. However, it also requires creative solutions for storage and limits potential for traditional below-grade expansions or sheltered parking.
4. The home sold recently in 2021. What should I consider?
With a recent sale, it’s important to find out why the current owner is selling after a short period. It also provides a clear, recent market price benchmark, which adds transparency to the current asking price.
5. How does it compare to the nearby property at 194 Bertrand Street?
The nearby home at 194 Bertrand, while similar in size (960 sqft), is from 1908 and has a much higher assessed value of $200k. This stark contrast highlights how factors like lot size, condition, renovations, and building type (which may differ) dramatically influence value, underscoring that this property is a different type of opportunity.