Property Overview: 176 Bertrand Street, Central St. Boniface
Key Characteristics & Appeal
This is a compact, early-20th century home (built 1906) on a standard city lot in Central St. Boniface. With 960 sqft of living space, it offers a modest footprint. The home features a one-and-three-quarter storey layout and includes a detached garage and an unrenovated basement.
Its primary appeal lies in its position as an accessible entry point into the established St. Boniface area. The assessed value is notably below averages for the street, neighbourhood, and city, suggesting a potential value opportunity for the right buyer. The lot size, while below area averages, is typical for the immediate street. This property would suit a first-time buyer, an investor, or a hands-on individual looking for a home with character that they can personalize over time. It's a practical choice for someone prioritizing location within a historic community over modern size or finishes, and who is prepared for the maintenance considerations of an older home.
Frequently Asked Questions
1. Is this a "tear-down" or a renovation project?
While the home has an unrenovated basement and is older, its maintained living space and recent sale history suggest it is habitable. It is likely more suited to a gradual renovation than a complete rebuild, but a professional inspection is essential to understand the scope of work needed.
2. Why is the assessed value so much lower than neighbouring averages?
The significantly lower assessment reflects the home's smaller size, age, and likely condition relative to other homes in the broader area. It indicates the property is not currently comparable to larger or updated homes nearby, which can represent a lower entry cost.
3. What are the considerations with a 1906 build date?
Homes of this age possess charm but require diligent attention to aging components like wiring, plumbing, insulation, and the foundation. Potential buyers should budget for ongoing maintenance and prioritize a thorough inspection to understand any immediate needs.
4. How does the lot size impact potential?
At 3,126 sqft, the lot is smaller than many in St. Boniface but is standard for Bertrand Street. It provides adequate outdoor space for a garden or patio but may limit possibilities for large additions. The detached garage is a valuable asset on a compact lot.
5. The last sale price seems very low. What does that indicate?
The 2021 sale price of $21,500 is characteristic of a transfer between family members, a private sale, or a sale "as-is" with significant conditions. It should not be used as a direct market comparable for a standard, listed sale today. The current assessed value of $200k is a more relevant benchmark for municipal valuation.