Property Overview
This one-storey home on a 5,103 sqft lot in Central St. Boniface presents a straightforward opportunity with distinct characteristics. Built in 1954, it is notably newer than many neighbouring homes, suggesting potentially fewer immediate concerns with aging infrastructure common to the area. The living space of 1,435 sqft is comfortably above average for the neighbourhood, offering more room than typical local comparisons. A key point is the home’s significantly below-average assessed value for the street, which could indicate a value proposition for a buyer but also suggests the property may require updating, as noted by the unrenovated basement. Its appeal lies in this balance of a larger, newer (for the area) home on a good-sized lot, at an entry point that reflects its condition. It would suit a practical buyer looking for a footprint to customize in a well-established neighbourhood, or an investor considering the land value and redevelopment potential inherent in a detached, single-storey home on a large lot.
Frequently Asked Questions
What does the below-average assessed value on the street typically indicate?
While it can signal a value opportunity, it often reflects a home’s condition and modernization level compared to neighbours. The noted unrenovated basement aligns with this, suggesting the assessment is based on its current state rather than its potential.
Is a 1954 build considered old for St. Boniface?
No, quite the opposite. The data shows this home is newer than 83% of comparable homes on its street and 83% in Central St. Boniface. This is a relative strength, as older systems may have already been updated or may be less dated than those in much older homes in the area.
How does the lot size compare?
At just over 5,100 sqft, the lot is slightly above average for the immediate street and neighbourhood. For a one-storey home, this provides a generous yard space relative to the home’s footprint, a appealing ratio that is less common in newer subdivisions.
Who might this property not suit?
Buyers seeking a move-in-ready home with modern finishes and a renovated basement may be disappointed, as the data and assessment point to a project. It’s also a traditional one-storey layout, which may not appeal to those preferring multiple levels.
What’s the significance of the detached garage?
In a neighbourhood of older homes, a detached garage often means a newer structure than an original attached one, possibly with fewer issues. It also provides flexibility for its use or potential future site plans, separate from the main house.