Property Overview: 463 Langevin Street, Central St. Boniface
Key Characteristics & Appeal
This is a classic, one-storey home built in 1946, situated on a generous lot in the established Central St. Boniface neighbourhood. Its primary appeal lies in its location and land. The property sits on a 5,094 sqft lot, which is above average for the area, offering significant outdoor space and potential in a mature, sought-after community. The home itself is modest in size at 881 sqft of living area, placing it well below the neighbourhood average, suggesting a cozy layout. A key updated feature is the renovated basement, adding functional space. The home includes a detached garage.
The property would suit a specific buyer: someone prioritizing land and location over square footage. It’s an excellent candidate for a long-term hold, appealing to an owner-occupant looking to gradually update or expand the existing home, or to an investor attracted by the lot size and stable St. Boniface rental market. Its below-average living area and above-average lot size create a clear value proposition centered on potential rather than immediate move-in luxury.
Frequently Asked Questions
1. Is the house in good condition?
The listing notes a renovated basement, which is a positive update. However, the main living area is smaller and the home is 80 years old. A thorough inspection is recommended to understand the condition of the roof, wiring, plumbing, and foundation.
2. Why is the assessed value so much lower than the last sale price?
The assessed value is for municipal tax purposes and often lags behind market value, especially in active markets or after significant renovations. The 2021 sale price of $280k is a more current indicator of its market value.
3. What is the potential for adding on or rebuilding?
The large lot is the home’s greatest asset for expansion. Any plans would need to comply with local zoning bylaws regarding setbacks, height, and lot coverage. The existing footprint leaves considerable room for an addition.
4. What is the neighbourhood like?
Central St. Boniface is a historic, well-established area with strong community character. The property’s metrics show it is in a zone with older homes (typically built in the 1930s-40s) on decent-sized lots, offering a quiet, residential feel with the amenities of St. Boniface close by.
5. How does this home compare to others on the street?
The data shows this home has a larger lot and is newer than many on its street. However, its living space is significantly smaller than the street average. This indicates you’re paying a premium for the land location, not for a large finished house.