Property Summary: 427 Langevin Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home in Central St. Boniface, built in 1912. Its primary standout feature is the generous 6,376 sqft lot, which places it in the top 19% for land size on its street and the top 10% within the neighbourhood. This offers significant outdoor space and potential not found in many newer urban lots. The home itself, at 1,208 sqft of living area, is modest and typical for the area. It includes a renovated basement and a detached garage.
The appeal lies in a blend of location and opportunity. The property sits in a historic, well-established community with lot dimensions that are increasingly rare. It suits a specific type of buyer: someone looking for a character-home footprint with ample yard space for gardens, recreation, or future expansion. It could be a fit for a hands-on buyer comfortable with the upkeep of an older home, or an investor or builder who sees value in the substantial land parcel. The recent sale price suggests it may be positioned as a value proposition, offering entry into the neighbourhood with the lot as a key asset.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing notes the basement is renovated, but specific details on the finish, ceiling height, permits, or moisture control are not provided. This would be a key area for inspection and inquiry.
2. How does the 1912 build year affect the home?
While the home is older than most in the city, it is typical for its historic neighbourhood. Buyers should budget for and inspect systems common to older homes, such as plumbing, electrical, and the foundation. The character and lot size are often the trade-off for modern infrastructure.
3. The assessed value is noted, but it sold for less. Why?
The assessed value is for municipal tax purposes and can differ from market value. The sale price reflects what a buyer was willing to pay at that time, potentially influenced by the home's condition, specific market conditions, or the value seen in the land versus the structure.
4. Is the large lot subdividable or suitable for an addition?
The lot size presents clear potential, but any plans for a secondary suite, major addition, or subdivision would require thorough investigation of local zoning bylaws, heritage regulations (if applicable), and setback requirements.
5. What is the neighbourhood vibe and convenience like?
Central St. Boniface is a walkable, historic francophone community with strong local amenities, shops, and cultural sites. Proximity to the nearby listed neighbouring properties suggests a dense, community-oriented streetscape typical of established urban areas.