Property Overview
This one-storey home at 370 Gaboury Place in Central St. Boniface presents a practical opportunity in a sought-after neighbourhood. Built in 1954, its key appeal lies in its generous 6,130 sqft lot, which is significantly larger than most in the immediate area, offering valuable outdoor space and potential. The home itself is modest in size at 1,136 sqft of living area and features a renovated basement and a detached garage. Its last sale was in May 2020 for $300,000, with a current assessed value of $380,000.
The property suits buyers who prioritize land size and location over a large existing footprint. It’s ideal for someone looking to put down roots in the historic and vibrant St. Boniface community, with the lot size providing room for gardens, expansion, or future development. It would also appeal to a value-conscious buyer who sees potential in a home that may require updates to the main living areas, as the investment has already been directed toward modernizing the basement.
Frequently Asked Questions
How does the lot size compare practically?
The lot is over 6,100 sqft, placing it in the top 18% for size within Central St. Boniface. This means it offers substantially more yard space than the typical neighbourhood property, which averages under 4,700 sqft.
What does the "renovated basement" likely imply?
While specifics aren't listed, this typically indicates finished living space added to a home of this era, potentially creating a rec room, extra bedroom, or secondary suite. It's a key upgrade that adds functional space to the otherwise modest main-floor living area.
Is the assessed value a reliable indicator of the sale price?
The current assessed value is $380,000, which is 27% higher than the neighbourhood average. However, it sold for $300,000 in 2020. This gap suggests the market may value it differently, and the assessment is best used as a benchmark rather than a precise price predictor.
What are the less obvious considerations with a 1954 build?
While the basement is renovated, the main floor systems (like plumbing, electrical, and insulation) may still reflect its age. A pre-purchase inspection would be crucial to understand the condition and potential update costs for these core components.
How does the living space feel for a family?
With 1,136 sqft on the main floor, the living area is compact. The renovated basement effectively doubles the usable space, making it more functional for a small family or those who can utilize multi-level living, but the main floor layout itself may feel cozy.