Property Summary: 426 Bertrand Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1941 on a modest lot in Central St. Boniface. Its key characteristic is its scale: with 640 sqft of living space, it is notably smaller than most homes in the area and across Winnipeg. The home features a renovated basement, adding functional space, but does not include a garage or pool.
The primary appeal lies in its affordability and location within a well-established neighbourhood. The significantly below-average assessed value suggests an entry-level price point, making it a potential opportunity for first-time buyers, investors, or those seeking a minimalist footprint. Its recent sale history shows a substantial price correction from 2019 to 2022, which may attract buyers looking for a value purchase or a renovation project. The renovated basement is a practical asset, offering flexibility for additional living, storage, or utility space.
This property would best suit a pragmatic buyer whose priorities are location and cost over size. It could be ideal for a single person, a couple without children, or an investor considering a rental property. It’s less suited for those requiring multiple bedrooms, ample storage, or who prefer newer builds with modern layouts.
Frequently Asked Questions
1. Why is the living area so much smaller than neighbourhood averages?
At 640 sqft, this home is a classic example of a post-war, modest starter home. Its size reflects the building trends and economic conditions of its era, offering essential living space without excess.
2. What does the significant change in sale price between 2019 and 2022 indicate?
The drop from $210k to $23.9k is atypical for a standard market adjustment and strongly suggests the property was likely sold as a land value transaction, possibly for redevelopment, or was in need of substantial repair.
3. How usable is the renovated basement?
While noted as renovated, specifics on finish quality, ceiling height, moisture control, and legal egress are not provided. A professional inspection is recommended to determine its true condition and suitability as living space.
4. What are the implications of not having a garage in this location?
This means relying on street parking. In a mature neighbourhood like St. Boniface, it’s important to check for any seasonal parking restrictions, permit requirements, and general availability.
5. Given its age, what major systems might need attention?
A home built in 1941 will have older core systems. Prospective buyers should budget for potential updates or repairs to the roof, plumbing, electrical wiring, and foundation, and should prioritize a thorough inspection.