Property Overview
This one-storey home at 370 Cabana Place in Central St. Boniface presents a unique value proposition centered on its land and location rather than its living space. Built in 1953, the house itself is modest at 1,029 sqft, but it sits on a large, above-average lot of over 6,150 sqft for the area. The property features a renovated basement and a detached garage. Its appeal lies in its prime, established neighbourhood and the significant potential offered by the generous lot size—whether for expansion, gardening, or future redevelopment. The home last sold in October 2022 for $43,800 and carries a current assessed value of $39,600.
This property would best suit a pragmatic buyer, such as a land investor, a contractor looking for a project, or a homeowner who values outdoor space and a central location over a large existing footprint. It’s a home for someone who sees the underlying asset: a sizable piece of land in a desirable and well-ranked part of St. Boniface.
Frequently Asked Questions
1. Is the lot size truly a standout feature?
Yes. The land area of 6,158 sqft ranks in the top 15% for Central St. Boniface, meaning it's significantly larger than most lots in this sought-after neighbourhood. This is the property's most defining characteristic.
2. What does the "renovated basement" entail?
The provided details confirm the basement is renovated but do not specify the scope or finish. A prospective buyer should inquire about the permits, quality of finishes, and whether it includes legal egress or secondary suite potential.
3. How does the recent sale price relate to the assessed value?
The home sold for $43,800 in late 2022, which is approximately 10% above the current assessed value of $39,600. This suggests the market recently valued it higher than the city's assessment, a point for consideration in making an offer.
4. The living area is noted as "below average" citywide. How does this impact livability?
With 1,029 sqft of living space, the house is compact. It would likely suit a smaller household or someone comfortable with a more efficient layout. The renovated basement would be crucial for adding functional space.
5. Who are the most likely buyers for this type of property?
Given the combination of a modest, older home on a large lot, likely buyers include investors, those looking to build a new home in the future, or handy homeowners planning a significant expansion. It's less suited for buyers seeking a move-in-ready home with ample finished space.