Property Overview: 386 Deschambault Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1910, is situated on a standard-sized lot in Central St. Boniface. Its key characteristic is a sense of solid, above-average space for the immediate area, with 1,424 sqft of living area—ranking it notably larger than many neighbouring homes. The property features a renovated basement and a detached garage.
Its appeal lies in its established neighbourhood setting and its practical footprint. It offers more interior room than is typical for the street, providing value for buyers looking for character-home proportions without being constrained by smaller rooms. The recent renovation of the basement adds modern, functional space. The home suits a practical buyer who appreciates the charm and mature streetscapes of St. Boniface but prioritizes liveable square footage and updated essentials over a brand-new build. It would also appeal to a value-oriented purchaser, as the assessed value is strong for the street, suggesting a well-regarded property in its micro-market.
A less obvious perspective is that, while the home is older, its "above average" size ranking on the street indicates it was likely a substantial and well-built home for its era. The stable and modest sale price history suggests a property that has maintained its value steadily rather than experiencing volatile swings.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
The land area of 4,546 sqft is around the average for both Central St. Boniface and the city overall. It’s a standard urban lot, not exceptionally large or small for the area.
2. Is the living space actually larger than nearby homes?
Yes. The living area ranks in the top 20% on its own street and the top 30% in the broader neighbourhood, meaning it offers more interior space than most comparable local properties.
3. What does the sale history indicate?
The home sold in August 2023 for $30,500 and previously in September 2019 for $28,200. This shows gradual appreciation over a four-year period, consistent with steady, modest growth.
4. Is the assessed value unusually high?
The assessed value is above average for Deschambault Street itself, ranking in the top 17%. This often reflects factors like the renovated basement, the larger living area, and the property's overall condition relative to its immediate peers.
5. How old is the home, and is that a concern?
Built in 1910, the home is older than most in Winnipeg. While this comes with the character and build quality of the era, it also means prospective buyers should prioritize a thorough inspection to understand the condition of major aging components, even with a renovated basement.