Property Overview
This 1930s one-and-a-half storey home on Des Meurons Street in Central St. Boniface presents a practical opportunity in a historic neighbourhood. With 1,122 sqft of living space, a renovated basement, and a detached garage, it sits on a 3,916 sqft lot. The home last sold in 2016 for $230k, a price point that was notably below average for both the street and the wider city at that time. Its current assessed value remains modest compared to citywide averages. The appeal here is rooted in location, value, and potential. It suits a first-time buyer, an investor, or someone seeking an affordable entry into the established, character-rich St. Boniface area without a premium price tag. A thoughtful perspective is that while the home's metrics are generally average or below average for its immediate area, this translates to a lower barrier to entry in a desirable location, offering room for personalization or long-term equity growth as the neighbourhood evolves.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below the citywide average, it is more in line with the typical lot sizes in Central St. Boniface. It provides a manageable yard without excessive maintenance, which could be seen as a benefit for those not seeking extensive outdoor space.
2. What does the 2016 sale price being "below average" indicate?
It primarily suggests the property was a value purchase at that time. This history could point to the home being a well-priced opportunity relative to its peers, whether due to its condition, layout, or specific market conditions at the time of sale.
3. Who might this property not suit?
It may not suit buyers looking for a large, modern, or move-in-ready home without any projects. The older age (built 1930) and average living area indicate a character home that may require updates or suit a lifestyle comfortable with a compact, efficient layout.
4. What is the significance of the renovated basement?
A renovated basement effectively adds usable living space, which is a significant asset in a home of this size. It could function as a family room, home office, or additional bedroom, improving the home's functionality and value beyond its main floor square footage.
5. How should I interpret the assessed value figures?
The assessed value is for municipal tax purposes and is consistently below average citywide. This can indicate relatively lower property taxes compared to many Winnipeg homes. However, market value is determined by current buyer demand and recent sales, not assessment, so a professional valuation is recommended.