Property Overview: 426 Goulet Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1953, sits on a modest 3,794 sqft lot in Central St. Boniface. Its key features include a renovated basement and a detached garage. With 1,066 sqft of living space, the home offers a practical footprint for individuals, couples, or small families.
The primary appeal lies in its location within the historic and culturally vibrant St. Boniface neighbourhood, combined with a notably low property assessment value. The data suggests this property is priced significantly below the average for both its immediate street and the wider city, presenting a potential value opportunity. Its lot size, while smaller than most on Goulet Street, is fairly typical for the Central St. Boniface area, emphasizing an efficient use of space.
This home would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes location over sheer size. It’s for someone who sees potential in a solid, mid-century home in an established neighbourhood and is comfortable with a property that may require updates to the main living areas, given the focus of renovation appears to be the basement. The low assessment could also appeal to buyers mindful of ongoing property tax obligations.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The assessed value of $290k is well below averages for the street and city. This typically reflects the property’s specific characteristics, such as its smaller lot and living area relative to neighbours, and the interior condition prior to any potential renovation. It's a key figure for municipal taxes, not necessarily market price, but it indicates a lower starting point.
2. What does "renovated basement" imply?
The listing confirms the basement has been renovated, which often means finished living space. However, specifics on the quality, layout, permits, or whether it includes a separate entrance are not provided and would be important to clarify.
3. How does the 2021 sale price relate to today’s value?
The property sold for $22,900 in February 2021. That price point strongly suggests it was a distressed sale, a tear-down, or a lot-value transaction. It does not reflect the current market value of a habitable home with a renovated basement, which is likely substantially higher.
4. Is the smaller lot size a disadvantage?
While the lot is below average for Goulet Street, it is closer to the norm for Central St. Boniface. This can mean less maintenance and lower landscaping costs, which some buyers may prefer. It also suggests a more community-oriented, neighbourhood feel rather than one of large, private yards.
5. What should I consider about the home’s age?
Built in 1953, the home is older than the citywide average. This can mean charming character but also warrants a close inspection of major aging components, such as the roof, plumbing, electrical systems, and insulation, to understand any upcoming maintenance or efficiency upgrades needed.