Property Overview
194 Bertrand Street is a classic one-and-a-half storey home built in 1908, situated on a generous 3,128 sqft lot in Central St. Boniface. Its key appeal lies in its established character and solid positioning within a historic Winnipeg neighbourhood. The home itself offers 960 sqft of living space and includes a basement that is present but not renovated. There is no garage or pool. The property’s assessed value is $200,000.
The data suggests a property with strong fundamentals rather than immediate modern luxury. Its lot size ranks in the top 19% of the neighbourhood, offering valuable outdoor space or future potential in a mature area. While the living area is modest, the home’s age and assessed value rank highly city-wide (top 12%), indicating it is perceived as a substantial asset within its market segment. This is a home for a buyer who values location, lot size, and the bones of a character property over turn-key finishes. It would suit a practical first-time buyer, an investor looking for a property with land value, or a hands-on owner who sees potential in a home that needs updating.
Frequently Asked Questions
1. What does the high ranking for the assessed value actually mean?
It means that compared to all residential properties in Winnipeg, this home’s official assessed value is higher than 88% of them. This generally reflects the city’s assessment of its worth as a property asset, influenced by lot size, location, and building, rather than the condition of the interior.
2. The home is over 100 years old. What should I be most concerned about?
While the age contributes to its character, a priority would be to investigate the state of major systems that may be original or outdated, such as plumbing, electrical, heating, and the foundation. The unrenovated basement also warrants a close inspection for moisture and structural integrity.
3. There’s no garage. Is parking an issue in this area?
The listing notes no garage, so parking would be on-street. It’s advisable to visit at different times to gauge typical parking availability on Bertrand Street and to check for any seasonal parking restrictions.
4. The lot is large for the neighbourhood. What are my options for it?
The sizable lot is a key feature. It provides ample private yard space for gardens, recreation, or pets. Depending on local zoning bylaws, it could also present future potential for additions, a garage, or even subdivision, though those would require significant research and city approvals.
5. How does the "not renovated" basement affect living space and value?
It means the basement is in original or utilitarian condition, likely unsuitable as finished living space without significant investment. This impacts the home’s immediate functional square footage but is reflected in the price, offering a clear opportunity for a buyer to add value according to their needs and budget.