Property Overview
This one-and-a-half storey home, built in 1926, sits on a standard city lot in Central St. Boniface. Its key features include a renovated basement and a detached garage. With 1,200 sqft of living space, it offers a comfortable footprint that is typical for its historic neighbourhood. The data suggests it is a property firmly rooted in its local context: its lot size, age, and living area are all around the average for St. Boniface, though its assessed value sits below the area average. This presents a classic Winnipeg scenario—a character home in an established neighbourhood that isn't oversized or over-improved relative to its surroundings.
The appeal lies in its practicality and location. It suits a buyer looking for a solid, no-frills home in a walkable, historic community without the premium price tag of a fully modernized or larger property. It would be a sensible fit for a first-time buyer entering the neighbourhood, an investor, or a downsizer seeking single-level living potential (given the main floor likely contains the primary living spaces). A thoughtful perspective is that a "below average" assessment in a stable area can sometimes represent a lower property tax burden and a clearer value proposition, offering room to personalize without over-capitalizing for the location.
Frequently Asked Questions
1. What does the "below average" assessed value indicate?
It means the city's assessment for this property is lower than most homes in its comparison groups. This often correlates with a lower property tax bill, but it may also reflect the home's condition, updates, or specific features compared to neighbours.
2. How significant is the renovated basement?
A renovated basement adds valuable finished living space, which is a major asset in a 1,200 sqft home. It's important to clarify the nature of the renovation (e.g., permits, finish quality, ceiling height) and its suitability as a living area, guest space, or rental suite.
3. Is the detached garage a pro or a con?
This depends on buyer preference. It provides secure storage and workshop space but requires going outside to access it, which can be less convenient than an attached garage, especially in winter.
4. The home is 100 years old. What should I consider?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the foundation) are from an older era. A thorough inspection is essential to understand the condition and any needed updates to these older components.
5. How does the 2016 sale price relate to today's value?
The $24,500 sale price from eight years ago is a historical data point and not indicative of current market value. The current assessed value of $270k is a more relevant, though not definitive, figure for understanding its municipal valuation in today's market.