Property Overview: 411 Des Meurons Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1945 on a generous, approximately 4,659 sqft lot in Central St. Boniface. The property features a detached garage and a basement that is present but not renovated. With 808 sqft of living space, the house itself is compact, placing it below average in size for the area. The assessed value and recent sale price are notably accessible, positioning this as an entry-point opportunity in a well-established neighbourhood.
The primary appeal lies in its land value and location. The lot size is solidly average for St. Boniface, offering ample outdoor space and potential in a central, historic community. This property suits buyers looking for a footprint in a desirable area without a premium price tag, ideal for those comfortable with a home that may require updates. It’s a pragmatic choice for a first-time buyer, an investor, or someone seeking a manageable property with the option to renovate or expand over time, leveraging the existing lot size.
Section 2: Frequently Asked Questions
1. Is the home move-in ready?
The listing notes the basement is "not renovated," and the living area is modest. Buyers should budget for updates and be prepared for a home that may need cosmetic or functional improvements to suit modern tastes.
2. Why is the sale price significantly different from the assessed value?
The sale price reflects the current market transaction, while the assessed value is for municipal tax purposes. The recent sale at $272,000 suggests the market valued it closely to, but still below, its tax assessment, indicating a purchase perceived as fair value.
3. What are the implications of the below-average living space?
The 808 sqft layout will be cozy and efficient. It appeals to minimalists, small households, or those who prioritize outdoor space (the lot) over indoor square footage. Future expansion may be possible, subject to local zoning.
4. How does this property compare to others on the street?
The data shows it ranks below average on the street for living area and value, but its lot size and year built are around the street's average. This suggests you're purchasing a typical parcel of land with a smaller-than-typical house on it for the immediate area.
5. What is the potential here for the future?
The key assets are the location and the lot. The potential lies in renovating the existing structure, finishing the basement for added space, or even considering a future expansion or rebuild—options made feasible by the lot's dimensions and established neighbourhood context.