Property Overview
This 1981 bi-level home at 400 Deschambault Street in Central St. Boniface presents a specific and compelling opportunity. Its key appeal lies in the combination of a renovated basement, a relatively modern build for the area, and a manageable lot size, all within a sought-after neighbourhood.
Key Characteristics & Ideal Buyer
The home’s primary characteristic is its efficient scale. With 720 sqft of living space, it is notably compact, suiting minimalist living or those looking to downsize without leaving a vibrant community. The renovated basement adds crucial functional space. A standout feature is the year of construction (1981); it is significantly newer than most homes on its street and in central St. Boniface, which often translates to fewer concerns over aging major systems found in century homes.
The land size is below average for the street but is still a generous 3,668 sqft, offering outdoor space without the burden of extensive upkeep. This balance is central to its appeal: it provides a foothold in a historic, culturally rich neighbourhood without the typical maintenance demands of an older, larger property. It would best suit a first-time buyer, an empty-nester seeking simplicity, or an investor looking for a modernized, low-maintenance rental in a high-demand location. The 2022 sale price of $310k suggests it sits in an accessible price tier for the area.
Frequently Asked Questions
1. Is the house unusually small?
Yes, at 720 sqft, the above-ground living area is compact and well below the average for both the street and neighbourhood. The renovated basement provides essential additional space, making the overall footprint more practical.
2. What does the "newer build" mean for this property?
Built in 1981, this home is decades newer than many surrounding properties. This often means modern construction standards, potentially more efficient insulation and wiring, and less immediate need for the major updates common with pre-war homes.
3. Who is this home not well-suited for?
It is likely not ideal for a growing family needing multiple bedrooms and ample living space, or for a buyer whose priority is a large private yard or garage parking, as it has neither.
4. How does the lot size impact the property?
At 3,668 sqft, the lot is manageable. It offers outdoor space but requires less maintenance than larger plots. It ranks below average for the street, which is lined with some very deep lots, but is a fairly standard size city-wide.
5. What is the significance of the assessed value versus the sale price?
The municipal assessed value ($29.5k) is for taxation purposes and is not an indicator of market value. The 2022 sale price of $310k is the relevant figure for understanding its recent market worth.