Property Overview
This 1928 one-storey home at 431 Des Meurons Street in Central St. Boniface is a property defined by its lot and location. Sitting on a roughly 4,747 sqft lot—which is above average for the immediate area—the home itself is modest at 962 sqft of living space. Key features include a renovated basement and a detached garage. The appeal here is grounded in opportunity: it presents a chance to own a character home in a well-established, historic neighbourhood on a generous piece of land. Its below-average assessed value reflects its smaller size and age, positioning it as an accessible entry point into the market.
This property would suit a practical first-time buyer, an investor looking for a land-value play with rental potential (especially with a renovated basement), or a hands-on owner who envisions expanding or modernizing the existing structure over time. It’s less suited for those seeking immediate move-in perfection or maximum interior square footage without future investment.
Frequently Asked Questions
Is the lot size a significant feature?
Yes. At 4,747 sqft, the lot is larger than many in Central St. Boniface and on Des Meurons Street itself. This provides valuable outdoor space and potential for additions, gardens, or parking.
How does the home’s age affect a purchase?
Built in 1928, the home has pre-war character but requires a buyer to be mindful of aging components like plumbing, electrical, and the foundation. The renovated basement is a positive update within this context.
What does the assessed value indicate?
The assessed value is notably below the citywide average. This typically translates to lower property taxes, which is a financial advantage, but it also reflects the home’s smaller size and older age compared to the broader Winnipeg market.
Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite. A buyer should verify its compliance with local regulations if considering rental income.
How does this property compare to others on the street?
The home ranks around the middle of the pack on Des Meurons Street for lot size, age, and value, but its living area is smaller than most neighbours'. This suggests it offers standard neighbourhood benefits in a more compact format.