Property Overview & Key Characteristics
This one-storey home on a generous 5,000 sqft lot in Central St. Boniface presents a specific and compelling opportunity. Built in 1946, its primary appeal lies in the land itself—the lot size is in the top 15% for the immediate street, offering above-average outdoor space in a historic and well-located neighbourhood. The living area is modest at 888 sqft, indicating a home that is likely straightforward and efficient. A detached garage adds practical utility.
Its appeal is for the value-conscious buyer, investor, or builder looking for a footprint in St. Boniface. It suits someone comfortable with a home of vintage character who sees potential in the land or a manageable renovation project. The recent sale and assessed value are significantly below the Winnipeg city average, highlighting its accessibility. A less obvious perspective is that this property represents a lower-barrier entry into a central neighbourhood where land is often the appreciating asset, making it a strategic base for future investment, whether through expansion, renovation, or holding.
Frequently Asked Questions
1. Is this a tear-down property?
While the data doesn't state this explicitly, the combination of a modest, 80-year-old home on a desirable lot with a value significantly below city averages suggests it may be purchased for its land value or as a major renovation project. Buyers should budget for thorough inspections.
2. How does the lot size compare practically?
At nearly 5,000 sqft, the lot is substantially larger than many in the immediate area (top 15% on the street). This allows for more private outdoor space, gardening, or potential additions where zoning permits, which is a key differentiator.
3. What does the "below average" living area mean for daily life?
At 888 sqft, the home is compact. It likely has a classic floor plan with fewer but potentially larger rooms. It suits individuals, couples, or those comfortable with efficient living spaces, but may feel tight for a growing family without plans to expand.
4. Why is the assessed value so much lower than the Winnipeg average?
The assessed value reflects the property's current state, size, and local market comparisons, not city-wide averages for newer or larger homes. This indicates an older, smaller home in a neighbourhood with a wide range of property values, not necessarily the area's overall desirability.
5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready, modern home with ample interior space or those unwilling to take on a project. The modest living area and age of the home mean it likely requires updates or significant changes to meet contemporary expectations.