Property Overview
This two-storey home on Ritchot Street in Central St. Boniface presents a blend of historic character and practical updates. Built in 1912, it sits on a generous 4,578 sqft lot that is notably larger than many on its street. The 1,280 sqft living area is balanced for the neighbourhood, and the home features a renovated basement and a detached garage. Its appeal lies in its established, tree-lined location and the value of a sizable lot in a mature community—a rarity compared to newer subdivisions. The 2021 sale price of $340k was above average for the immediate area, indicating perceived value.
This property would suit a buyer looking for a home with roots and outdoor space, who appreciates the charm of St. Boniface without needing a massive house. It’s a practical choice for someone comfortable with the maintenance of an older home but wanting some modernized elements, like the basement. It may also attract those who see the lot size as long-term potential, whether for gardening, expansion, or simply having more breathing room than typical infill properties offer.
Frequently Asked Questions
How does the lot size compare practically?
At 4,578 sqft, the lot is in the top 28% on Ritchot Street. This means more private outdoor space than most direct neighbours, a key advantage in a central neighbourhood.
What should I know about a house built in 1912?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should budget for and prioritize inspections focused on foundational integrity, original plumbing, and electrical systems, even if updates have been made.
The 2021 sale price was above average for the street. Why?
The sale likely reflects the combined value of the desirable lot size, the renovated basement, and overall market conditions at that time. It suggests the property was seen as a premium offering on the block.
Is the assessed value a good indicator of the market price?
No, the municipal assessed value of $31.4k is for tax purposes only and is not a market valuation. The market price is determined by recent sales of comparable homes, like the 2021 sale at $340k.
What is the neighbourhood context of Central St. Boniface?
This is a mature, established area with a mix of historic and newer homes. The data shows this home is older than most in the wider neighbourhood, offering character but also potentially more upkeep than nearby, slightly newer homes.