Property Overview: 447 Langevin Street, Winnipeg
Key Characteristics & Appeal
This is a compact, post-war bungalow on a generous lot in Central St. Boniface. Built in 1946, its primary appeal lies in the combination of a renovated basement and a land size that is above average for the immediate area. With 4,839 sqft of land, the property offers more outdoor space than many nearby homes, presenting a clear opportunity for gardening, expansion, or simply enjoying a larger yard in a mature neighbourhood.
The home itself is modest in size at 728 sqft of living space, which is significantly smaller than area averages. This, paired with a detached garage, suggests it suits a specific buyer: perhaps a first-time homeowner, an investor, or someone looking to downsize without sacrificing outdoor privacy. The renovated basement adds functional living space, a key update for a home of this era. Its assessed and recent sale value are notably below Winnipeg's city-wide average, positioning it as an accessible entry point into the established and culturally rich St. Boniface community. The value proposition is less about the existing structure and more about the land potential and location.
Frequently Asked Questions
1. Is the living space too small?
At 728 sqft above grade, the main floor is compact. However, the renovated basement effectively doubles the usable living area, making it more functional than the initial square footage suggests.
2. How does the lot size compare?
The nearly 4,840 sqft lot is a standout feature. It ranks above average for both the street and the broader St. Boniface area, offering more private outdoor space than many neighbouring properties.
3. What does the "renovated basement" include?
While specific finishes aren't listed, a renovated basement in a home of this age typically indicates updated essentials like flooring, walls, and lighting, transforming it from a crude cellar into livable space for recreation, utilities, or extra bedrooms.
4. Who is the ideal buyer for this home?
This property suits practical buyers: a first-timer comfortable with a cozy layout, a downsizer seeking a low-maintenance yard, or an investor looking for a character home with land value in a stable neighbourhood. It's less suited for those needing substantial above-grade space.
5. Why is the assessed value so much lower than the Winnipeg average?
The assessed value reflects the home's smaller size, age, and typical values within Central St. Boniface. City-wide averages are lifted by newer, larger homes in suburban areas. This valuation indicates a more affordable tax base relative to the broader market.