Property Overview: 425 Jeanne D'Arc Street, Winnipeg
Key Characteristics & Appeal
This is a modest, one-and-a-half storey home built in 1944 on a generous, approximately 5,000 sqft lot in Central St. Boniface. Its key characteristics include a detached garage and an unrenovated basement. With 975 sqft of living space, the house itself is compact, ranking below average in size for the area. The primary appeal lies in its land—the lot size is above average for Winnipeg and typical for the neighbourhood, offering valuable outdoor space and potential in a well-established, central location. The home last sold in 2016 for a very modest price, and its current assessed value remains low relative to city-wide averages.
This property would best suit a specific type of buyer: those looking for an affordable entry into the St. Boniface area who value land over a large existing footprint. It’s a candidate for a long-term hold, a gradual renovation project, or a potential redevelopment site (subject to zoning). It is less suited for buyers seeking a move-in-ready home or substantial interior space without significant investment.
Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the home's age, compact size, and condition (noting the unrenovated basement). In this context, it indicates a property where the value is more tied to its land and location than its current structure.
2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roofs, creating smaller or fewer rooms. For a 975 sqft home, it suggests efficient, compartmentalized living space rather than open-concept areas.
3. How does the lot size compare meaningfully?
At nearly 5,000 sqft, the lot is larger than over half of all properties in Winnipeg. In a central neighbourhood like St. Boniface, this is a significant asset, providing rare outdoor privacy, garden space, or future expansion options that aren't available on smaller, newer infill lots.
4. The home sold for $23.9k in 2016. Is that price relevant today?
That historical price is useful for understanding the property's trajectory, but it is not a direct indicator of current market value. It underscores that this has been a low-value asset for some time, likely due to the factors mentioned above.
5. What should I investigate about the "unrenovated basement"?
This phrasing strongly suggests the basement is in original or utilitarian condition. Key checks would be for foundational integrity, moisture control, ceiling height, and the condition of mechanical systems (furnace, wiring, plumbing). It represents both a potential cost and an opportunity for customization.