Property Overview
This one-storey home on a quiet street in Central St. Boniface presents a practical opportunity with a renovated basement and a detached garage. Built in 1920, it sits on a lot that is a typical size for the area, offering a manageable outdoor space. The living area is modest but functional. Recent sales data shows it transacted below the city's average sale price, positioning it as an accessible entry point into a well-established neighbourhood. Its appeal lies in its simplicity and location, offering the character of St. Boniface without the premium often associated with larger, fully updated historic homes.
Key Characteristics & Ideal Buyer
The home's key characteristics are its renovated basement, detached garage, and its position on a decently sized lot in a historic neighbourhood. Its appeal is grounded in value and potential. It suits a first-time buyer or an investor looking for a straightforward property in a desirable area without a major renovation project. It could also appeal to someone seeking a smaller footprint or a "land value" play, where the existing structure is livable but the long-term value is tied to the location and the lot itself. A less obvious perspective is that a home of this vintage and scale in St. Boniface offers a tangible connection to the community's history, representing the modest, working-class roots of the area alongside its more celebrated cultural landmarks.
Frequently Asked Questions
1. What does "renovated basement" typically mean for a home of this age?
It usually indicates functional updates like moisture control, improved flooring, and finished walls, but it's wise to confirm the scope, permits, and the condition of the original foundation and plumbing.
2. How does the assessed value relate to the recent sale price?
The sale price of $27.5k was below the assessed value of $30.2k, which can indicate a market-adjusted purchase. Assessments are for tax purposes and may not reflect immediate market value.
3. Is the lot size suitable for an addition or future development?
At just under 4,800 sq ft, the lot is standard for the street. Any expansion would need to comply with local zoning bylaws regarding setbacks and coverage, which can be restrictive on older, narrower lots.
4. What are the considerations with a detached garage?
It provides flexible storage or workshop space but requires going outdoors to access. Check its condition, electrical service, and whether it's included in the property's insurance coverage.
5. How does this home compare to others on the street?
The data shows it is generally around average for the street in terms of land size, living area, and value, meaning it's a representative, not an outlier, property for St. Jean Baptiste Street.