Property Overview
This 1924 one-storey home at 462 St Jean Baptiste Street sits on a generous 3,903 sqft lot in Central St. Boniface. With 864 sqft of living space, a renovated basement, and a detached garage, it presents a compact yet well-situated property. Its most recent sale was in February 2020 for $24,800, with a current assessed value of $27,600.
Key Characteristics & Appeal
The primary appeal of this property lies in its location and lot size. The lot is larger than most in Winnipeg, offering potential for expansion, gardening, or outdoor living in a historic and walkable neighbourhood. The renovated basement adds functional living space, a valuable update for a home of this era. However, the living area is notably compact, even compared to other homes on the same street.
This home would suit a specific buyer: a minimalist, an investor, or a first-time buyer seeking an entry point into St. Boniface. It’s a project-conscious property, ideal for someone comfortable with a smaller main-floor footprint who values the underlying asset—the land—and the character of an older home. It’s less suited for those requiring substantial, move-in-ready interior space without planning renovations or an addition.
Frequently Asked Questions
1. Is the low sale price from 2020 reflective of the home’s condition?
Likely, yes. A sale price significantly below the assessed value at the time often indicates a property sold as-is, possibly for land value, or requiring significant work. A professional inspection would be essential.
2. What are the implications of a 100-year-old home?
While full of character, it necessitates careful attention to aging infrastructure. Prospective buyers should prioritize inspections for the foundation, plumbing, electrical systems, and historical insulation standards.
3. The lot is large, but what can I actually do with it?
The sizable lot is a key asset. Beyond a yard, it may allow for a future addition, a detached workshop, or a garden. It’s crucial to verify zoning bylaws and any heritage district restrictions in St. Boniface before making plans.
4. How does the compact living area (864 sqft) compare functionally?
This is a small one-storey layout. It demands efficient use of space and likely has fewer or smaller rooms. The renovated basement effectively doubles the usable area, making its condition and finish level particularly important.
5. The assessed value seems low. Does that mean property taxes are low?
Generally, yes. A lower assessed value typically results in a lower municipal tax bill, which is a ongoing financial advantage. However, assessments are for taxation purposes and don't always equal market value.