Property Overview: 262 Thomas Berry Street, Central St. Boniface
Key Characteristics & Appeal
This well-situated 1954 one-storey home in Central St. Boniface sits on a notably spacious lot of over 5,100 sq ft, placing it in the top 13% for land size on its street. The home offers 1,200 sq ft of living space and features a renovated basement and a detached garage. Its primary appeal lies in its generous, above-average lot within a mature and established neighbourhood, offering room for gardens, expansion, or outdoor living that is less common for homes of this vintage. The property suits practical buyers looking for a solid footprint in a central location—ideal for those who value outdoor space over a large interior, or for an owner who envisions future updates or additions to the existing structure. A thoughtful perspective is that while the living area is average for the city, the significant lot size represents a tangible asset that is increasingly scarce, offering long-term value that isn't immediately reflected in the assessed value.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg homes?
At 5,126 sq ft, the lot is larger than the Winnipeg city-wide average for comparable homes, placing it around the middle of the pack city-wide but well above average for its specific neighbourhood and street.
2. What is the significance of the "renovated basement"?
While the listing notes a renovated basement, specifics on the finish, ceiling height, permits, or intended use (e.g., legal suite, recreation room) are not provided. This would be a key point for buyer due diligence.
3. Is the assessed value a reliable indicator of the sale price?
The property last sold in August 2023 for $35,500, which was very close to its current assessed value of $35,400. This suggests the assessment is closely aligned with recent market activity, but current market conditions will ultimately determine the sale price.
4. What does the "Top X%" ranking mean for the Year Built?
A 1954 build date is newer than most homes in Central St. Boniface (top 17% for the area), meaning the home is relatively younger than many of its neighbours, though it is still a 70-year-old structure requiring appropriate inspections.
5. Who are the most likely buyers for this property?
This home is well-suited for first-time buyers or downsizers seeking a manageable single-level layout in a central location, with the bonus of a large yard. It also appeals to value-oriented buyers or investors who see potential in the substantial lot and the already-renovated basement.