393 Desautels Street

Property Overview: 393 Desautels Street, Winnipeg

Key Characteristics & Appeal

This one-and-three-quarter storey home in Central St. Boniface is defined by its deep historical roots and generous urban lot. Built in 1895, it is notably older than most area homes, offering authentic character but also implying a need for attentive maintenance. Its primary appeal lies in its substantial 7,057 sqft lot, which ranks within the top 12% on its street and the top 5% in the desirable St. Boniface neighbourhood. This presents a rare opportunity for expansive gardens, outdoor living, or future expansion in a central location. The living space (1,428 sqft) is comfortably above average for the area, and the home features a renovated basement and a detached garage.

The property suits buyers seeking a genuine historic home with exceptional outdoor space, not a modernized turn-key property. It’s ideal for those who value privacy and potential over pristine condition, and who are prepared to steward a piece of local history. The significantly lower assessed value compared to city averages suggests room for value growth, but also reflects the home's age and likely update requirements. The recent sale price of $320k (December 2024) represents a substantial increase from its 2020 sale, indicating growing buyer interest in its unique offering.

Frequently Asked Questions

1. What does the older year of building (1895) mean for me?
While it grants undeniable character, it typically means older building materials, systems, and potential for heritage considerations. Prospective buyers should prioritize a thorough inspection to understand the condition of the foundation, wiring, plumbing, and insulation.

2. The lot is large, but what can I actually do with it?
Beyond gardening, the size allows for features like a sizable shed, a play structure, or extensive landscaping. It’s wise to check with the city regarding zoning bylaws for any potential future additions, like an extension or a detached workshop, to understand your full options.

3. Why is the assessed value so much lower than the recent sale price?
Municipal assessments for tax purposes often lag behind market values, especially in rapidly appreciating areas or for unique properties. The sale price is a stronger indicator of current market value, reflecting what buyers are willing to pay for the lot size and location.

4. The home has a renovated basement. What should I ask about this?
It’s important to inquire about the scope and permits for the renovation. Ask specifically about moisture control, ceiling height, the quality of finishes, and whether it added legal living space or remains a functional rec room.

5. How does the detached garage impact the property?
A detached garage offers excellent storage or workshop space and can reduce noise from vehicles. However, consider its condition and the walk to the house during Winnipeg winters. It may also be situated in a way that influences where you can place a driveway or other structures on the large lot.