Property Overview
This bi-level home at 532 St Jean Baptiste Street in Central St. Boniface presents a unique blend of modest scale and valuable location. Built in 1967, it is notably newer than most homes in its immediate area and on its street. The property sits on a 3,549 sqft lot and features 900 sqft of living space, a renovated basement, and a detached garage. It sold in August 2024 for $410,000, a price that sits above average for the neighbourhood and street.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficient footprint within the highly sought-after St. Boniface community. While the living area is compact, the renovated basement adds functional space, making it suitable for small families, first-time buyers, or downsizers seeking an urban lifestyle without excessive upkeep. The detached garage is a significant practical asset in a mature neighbourhood.
A thoughtful perspective is its relative modernity. Being built decades after most surrounding homes suggests potentially fewer concerns with outdated infrastructure common in century-old properties, while still offering established character. Its above-average sale price for the street and neighbourhood indicates a premium for its condition, updates, and specific location, appealing to buyers who value move-in readiness and a strong community over sheer square footage. The lot size, while below area averages, offers a manageable yard for those preferring less maintenance.
Frequently Asked Questions
1. Is the home's smaller living area a concern?
At 900 sqft, the main living space is below average for the area. However, the presence of a renovated basement significantly expands the usable space, making the overall footprint practical for many buyers.
2. How does the sale price compare to the assessed value?
The home sold for $410,000, which is substantially higher than its $39,700 assessed value. This is common, as assessed values for tax purposes often lag behind current market values, especially in active markets and updated homes.
3. What does the "newer" build year mean for this property?
Built in 1967, this home is newer than over 85% of comparable properties in St. Boniface. This can be an advantage, potentially meaning more modern wiring, plumbing, and insulation compared to many early 1900s homes in the neighbourhood.
4. Who would this property suit best?
It's ideal for buyers prioritizing location and community in St. Boniface over a large interior. It suits first-time homeowners, small families, or empty-nesters looking for a manageable property with modernized touches and a detached garage.
5. How does the lot size impact the property?
The lot is 3,549 sqft, which is below the neighbourhood average. This translates to a smaller yard, which could be seen as a drawback for those wanting extensive outdoor space, but a benefit for those seeking lower maintenance.