Property Overview & Appeal
This one-and-a-half storey home on De La Morenie Street in Central St. Boniface presents a classic Winnipeg character property with significant underlying value. Built in 1942, its key characteristics include a generous 5,120 sqft lot, a detached garage, and a living area of 1,546 sqft, which is notably spacious for the immediate area. The basement exists but is noted as not renovated. The home's primary appeal lies in its above-average land size and living space for the neighbourhood, offering room to grow or garden in a well-established, central community. It would particularly suit a buyer who values lot potential over immediate move-in perfection—someone comfortable with a home that has good bones but may require updates, or an investor/developer who recognizes the value of the substantial lot in a sought-after location. A thoughtful perspective is that while the home itself is from the 1940s, its lot size ranks in the top 10% for the street, suggesting the land itself is a key asset that may outpace the building in terms of future value.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, finishes, or mechanical systems, and should investigate for moisture issues common in older homes.
2. How does the assessed value relate to the likely selling price?
The assessed value (listed as $35.30k) is for municipal tax purposes and is historically much lower than market value in Winnipeg. The market price will be determined by recent sales of comparable homes, buyer demand, and the property's condition.
3. Is the larger lot mostly usable space?
While the lot is generous, viewing the property is essential to determine the layout, sun exposure, and any topographical challenges. A large lot offers great potential for additions, landscaping, or outdoor living, but may also come with higher maintenance.
4. What are the pros and cons of a detached garage?
A detached garage provides flexibility—it could be used as a workshop or studio without impacting the main house. The downside is dealing with winter weather when accessing your vehicle, and it may take up a significant portion of the yard.
5. Given its age, what major systems might need attention?
A home from 1942 likely has older plumbing, electrical wiring (e.g., knob-and-tube), and a roof nearing or past its lifespan. A thorough inspection is crucial to understand the condition and immediate costs of these fundamental systems.