Property Overview: 450 De La Morenie Street, Central St. Boniface
Key Characteristics & Appeal
This is a classic one-storey home built in 1937, situated on a standard-sized lot in the established Central St. Boniface neighbourhood. The property presents a straightforward opportunity, with its core appeal rooted in location and land value rather than modern finishes. It features a detached garage and a basement that is noted as not being renovated.
The home’s living space of 1,106 sq ft is typical for the area, making it a practical, no-frills option. The data suggests its assessed value is below average for both the immediate street and the wider neighbourhood, which could indicate a price point that allows room for personalization or investment. Its strongest suit is the lot size, which ranks above average city-wide, offering good outdoor space for a central location.
This property would best suit a buyer looking for a foundational project in a character neighbourhood. It’s a candidate for a long-term renovation, an entry point into St. Boniface, or a land-value play for someone comfortable with a home requiring updates. It’s less suited for those seeking immediate move-in condition or modern amenities.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is in original or functional condition, likely lacking modern finishes. Buyers should budget for potential updates and include a thorough inspection to assess essentials like plumbing, electrical, and foundation.
2. How significant is the below-average assessed value?
While not a direct market price, it often reflects the home’s condition and renovation state compared to neighbours. It can signal a lower property tax base and a purchasing opportunity, but a current market evaluation is essential.
3. Is the lot size a major advantage?
For the city, yes—the lot is larger than many. On this street and in St. Boniface, it’s around average. The value lies in having decent outdoor space in a central area, which is increasingly rare.
4. What should I consider about a home built in 1937?
Character and location are positives, but focus on the condition of major systems. Original wiring, plumbing, insulation, and windows may need upgrading. An inspection is crucial to understand the scope of any required updates.
5. Who are the most likely competing buyers?
Given the profile, competition may come from first-time buyers willing to renovate, investors interested in the land and location, or downsizers seeking a single-level home in a walkable area with room for gardens.