Property Overview
This two-storey home, built in 1912, is situated on a standard-sized lot in Central St. Boniface. With 1,400 sqft of living space, it offers a practical layout for daily life. The property includes a detached garage and a basement that is present but not renovated. Its assessed value is positioned below the city-wide average, suggesting a more accessible entry point into the historic and culturally rich St. Boniface neighbourhood.
Key Characteristics & Appeal
The primary appeal of this property lies in its location and value proposition within a sought-after area. It suits first-time buyers or downsizers seeking an established neighbourhood character without a premium price tag. The home offers functional space and a traditional layout typical of its era. A thoughtful perspective is that while the lot size is modest for the area, it translates to less maintenance—an often-overlooked advantage for those prioritizing location over land. The unrenovated basement presents a clear, defined project for a buyer looking to add value according to their own taste and budget, rather than paying a premium for a finished space that may not suit their needs. This is a home for a pragmatic buyer who values the vibrant community of St. Boniface and sees potential in a solid, century-old structure.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly notes the basement exists but is "not renovated." Prospective buyers should budget for an inspection to understand the specifics of its condition, potential for finishing, and any necessary foundational or moisture-related updates.
2. How does the assessed value relate to the expected sale price?
The home's assessed value is $290k. It last sold for $283k in August 2022. While assessed value is a municipal tool for calculating taxes, the sale price will be determined by current market conditions. Its assessment being below the city average may indicate a competitive listing price.
3. What are the implications of the home's age (1912)?
A 114-year-old home offers classic charm but requires diligent upkeep. Buyers should prioritize a thorough inspection focusing on the roof, wiring, plumbing, and insulation to understand modernizations already completed and what may be needed.
4. Is the lot size a disadvantage?
At 3,189 sqft, the lot is smaller than many in St. Boniface. This limits expansive gardening or large additions but also reduces yard maintenance time and cost, which can be a benefit for busy professionals or those seeking a lock-and-leave lifestyle within a house.
5. What is the neighbourhood vibe on this specific street?
The presence of multiple units at the same address (e.g., 1-505, 4-505) suggests a mix of housing types, potentially including duplexes or condominiums. This can indicate a more dense, community-oriented streetscape with a variety of residents, which differs from streets dominated by single-family homes.