Property Overview: 405 Deschambault Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home on a generously sized lot in Central St. Boniface. Built in 1947, it is notably older than the Winnipeg average but is actually one of the newer homes on its street. The primary feature is the 5,166 sqft lot, which is above average for the neighbourhood and offers significant outdoor space or future potential. The living area is quite small at 652 sqft, placing it in the bottom tier for size both locally and city-wide. The home includes a detached garage and an unrenovated basement.
Its appeal lies in its location and land value. It suits a specific buyer: someone looking for an entry point into the St. Boniface area, prioritizing lot size over living space. This could be ideal for a minimalist, an investor eyeing future development (subject to zoning), or a buyer planning a significant expansion or rebuild who values the established neighbourhood more than the existing structure. The assessed and recent sale value are modest, suggesting a lower barrier to entry for the area.
Section 2: Frequently Asked Questions
1. Is the house livable in its current state?
While livable, the small square footage and unrenovated basement indicate it is a basic living space. Buyers should budget for updates and consider if the layout meets their needs.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's very small size and lack of renovation relative to most Winnipeg homes. The value is primarily in the land and location, not the current structure.
3. What can I do with such a large lot?
The lot presents opportunities for gardening, adding a shed or workshop, or creating ample outdoor living space. Long-term, the lot size may allow for an addition or redevelopment, but any major changes would require checking zoning bylaws and obtaining permits.
4. How does the age of the home affect it?
Built in 1947, the home will likely have older building materials and systems. While newer than many on its street, potential buyers should factor in inspection points like the foundation, plumbing, and wiring, and anticipate maintenance costs.
5. The home ranks low for living area but high for lot size. What does this mean for me?
This highlights the property's profile: you are purchasing a neighbourhood and a parcel of land, with a small existing house. Your cost is going toward the location and future potential rather than present-day comfort or finished space. It's a trade-off to consider carefully.