Property Overview
This bi-level home at 187 Thomas Berry Street in Central St. Boniface presents a distinct urban living proposition. Its key appeal lies in the combination of a modern build and a modest, manageable footprint. Built in 2010, it is a significantly newer construction than most homes in the area, offering contemporary systems and less immediate concern for major repairs. The home sits on a standard city lot and features a renovated basement, adding functional space to the 834 sqft main living area.
The property is best suited for first-time buyers, downsizers, or investors seeking an efficient, low-maintenance entry into the sought-after St. Boniface neighbourhood. Its value is grounded in its location and newer age, rather than its size. A thoughtful perspective for potential buyers is to view the compact living area as an advantage for lower utility costs and simplified living, while the renovated basement provides crucial flexibility for a home office, guest space, or storage. It’s a property for those who prioritize community and location over square footage, ideal for someone whose life extends into the vibrant local cafes, cycling paths, and cultural attractions of St. Boniface.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—namely its smaller living area and modest footprint—within its desirable location. It is assessed in line with similar, compact homes in the central city, not with larger suburban properties.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This should be a key point of inquiry to determine if it is a finished living space, a utility area, or a combination of both.
3. How does the 2010 build year impact maintenance?
A home built in 2010 is relatively new, meaning major structural components like the roof, windows, and furnace are likely still within their typical lifespan. This can translate to lower near-term capital repair costs compared to the century-old homes common in the neighbourhood.
4. Is there parking?
The listing specifies there is no garage. Buyers should investigate on-street parking regulations, permit requirements, and typical availability on Thomas Berry Street.
5. The home sold for less than its assessed value in 2020. Should I be concerned?
The 2020 sale price is a historical data point from a specific market moment. It does not dictate current value. A more relevant comparison is how the current asking price aligns with recent sales of similar, compact homes in St. Boniface.