Property Overview: 440 St Jean Baptiste Street
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1945, is a classic residence in Winnipeg's Central St. Boniface neighbourhood. Its key features include a renovated basement and a detached garage. With 1,034 sqft of living space on a 3,905 sqft lot, the property offers a manageable scale for a variety of buyers.
The primary appeal lies in its solid, established location and its practical layout. The home sits on a lot that is very typical for the immediate street and area, offering a balanced urban footprint—not too large to maintain, but with ample outdoor space. A less obvious point of value is its age relative to the street; built in 1945, it is notably newer than many neighbouring homes, which may suggest updates over time or different construction materials. It would suit first-time homebuyers looking for an entry into a character neighbourhood, downsizers seeking a manageable property without sacrificing a yard or garage, or value-focused investors interested in a stable, central area. The recent sale history indicates steady, modest appreciation, appealing to those seeking a grounded, lower-volatility real estate investment.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 3,905 sqft is very close to the average for both St Jean Baptiste Street and the wider Central St. Boniface area. It provides a standard urban yard for the neighbourhood.
2. Is the home older than most in the area?
Actually, no. Built in 1945, this home is newer than the average house on its street and is roughly on par with the neighbourhood average. This can be an advantage regarding the potential age of major components like wiring or plumbing.
3. What does the assessed value indicate?
The assessed value is consistent with the averages for the street, neighbourhood, and city. This suggests the property is priced in line with market norms for its type and location, not an outlier.
4. Has the property value increased?
Yes, based on the provided sale data, the property sold for $31.5k in 2019 and $34.3k in early 2024, indicating modest growth over that nearly five-year period.
5. What is the living space like for the area?
At 1,034 sqft, the living area is somewhat more compact than the immediate street and neighbourhood averages. This points to a efficient, likely easier-to-maintain home rather than a spacious one, which aligns with its potential for first-time buyers or downsizers.