Property Overview
This single-storey home at 395 Cabana Place in Central St. Boniface presents a practical opportunity with specific strengths. Its primary appeal lies in its generous 6,157 sqft lot, which is significantly larger than most in the neighbourhood and across Winnipeg, offering valuable outdoor space and potential. The home itself, built in 1953, is notably older than many city-wide but is in line with the character of its immediate street. It features a renovated basement and a detached garage. With a modest living area of 1,029 sqft and an assessed value that sits around the average for its area, this property is less about immediate grandeur and more about the value of the land and location.
It would suit a buyer looking for a foothold in the established St. Boniface area, prioritizing lot size over interior square footage. This could be ideal for someone with renovation or expansion plans, a gardener, or a buyer who sees long-term value in a larger parcel in a central neighbourhood. It may also appeal to those seeking a simpler, one-level layout.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The property ranks in the top 16% for land area within Central St. Boniface, meaning you're getting substantially more yard space than most area homes. This is its standout feature.
2. How does the age of the home affect things?
Built in 1953, the home is older than the Winnipeg average. While it has a renovated basement, the overall systems and structure are mature. This typically means maintenance considerations are paramount, but it also places the home in the oldest and most established tier on its specific street.
3. The living space seems smaller than average. Is the house cramped?
At 1,029 sqft, the living area is below the city average. The layout and the presence of a renovated basement will determine how livable it feels. It suggests a cozy, efficient footprint rather than a sprawling one.
4. What does the assessed value tell me about the price?
The assessed value of $340k is consistently around the average for the street, neighbourhood, and city. This indicates the property is priced in line with the market, with the premium likely attached to the lot size and location rather than the size of the dwelling.
5. The home sold fairly recently in 2023. What does that indicate?
The sale two years ago suggests a motivated seller or a potential quick turnover. It’s worth investigating what changes, if any, were made since that purchase and the reasons for the relatively short ownership period.