Property Overview: 518 De La Morenie Street, Central St. Boniface
Key Characteristics & Appeal
This is a classic, century-old two-storey home in the established Central St. Boniface neighbourhood. Built in 1911, it sits on a generous 4,028 sqft lot that is notably larger than most on its street, offering valuable outdoor space and potential. With 1,360 sqft of living space, the home provides a comfortable footprint that is above average for the immediate area.
The primary appeal lies in its location and the character inherent to a home of this era. It represents a solid entry point into a sought-after neighbourhood, with the lot size being a particular asset for gardening, expansion, or simply enjoying more private outdoor room than nearby properties. The home last sold in 2021, suggesting it may be well-positioned for a buyer looking to put their own stamp on it. It would suit a practical buyer who values location and land over modern finishes, such as a first-time homeowner comfortable with a project, or an investor seeking a character property in a stable area with renovate-and-hold potential. The absence of a garage and an unrenovated basement are points to consider for future investment.
Frequently Asked Questions
1. What does "below average" for Year Built mean?
It simply indicates the home is older than most in its comparison groups. Built in 1911, it is among the older homes on the street, in the neighbourhood, and citywide. This isn't uncommon for the area and is the source of its character, but it also means prospective buyers should budget for maintenance appropriate for a century-old structure.
2. How can the Assessed Value be so much lower than the recent Sale Price?
Municipal assessed value for taxation purposes often lags behind market value and is calculated using a different methodology. The 2021 sale price of $280k is a clearer reflection of the home's market value at that time, though current conditions may vary.
3. Is the large lot a major advantage?
Yes, especially in a mature neighbourhood. The lot is in the top 28% for size on its street, providing more flexibility than typical properties. This could be a long-term advantage for privacy, outdoor living, or future improvements, setting it apart from homes on smaller, tighter lots.
4. What should I know about the "unrenovated basement"?
This typically means the basement retains its original or utilitarian state, likely with concrete floors, exposed beams, and basic finishes. It offers functional space for storage and utilities but presents both a blank canvas and a future project for anyone wanting finished living or recreational space.
5. The home ranks "around average" for Living Area citywide. Is that a concern?
Not at all. At 1,360 sqft, it provides a very typical amount of space for a Winnipeg home. The more relevant point is that this living area is actually above average for its specific street, meaning it likely feels more spacious than many of its immediate neighbours.