Property Overview: 534 Des Meurons Street, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home in Winnipeg's Central St. Boniface neighbourhood, built in 1954. Its primary appeal lies in its generous, well-sized lot—over 4,150 sq ft—which is notably larger than many in the immediate area and offers significant potential for gardening, expansion, or outdoor living. The home itself is compact at 912 sq ft of living space, but it features a renovated basement, adding functional square footage.
A less obvious strength is the home's relative modernity for the street; it was built significantly later than most neighbouring houses, which may suggest updated core components for its vintage. The property suits first-time buyers, downsizers, or investors seeking an entry into a character neighbourhood without the maintenance of a century-old home. Its value proposition is anchored in the land and location rather than the size of the dwelling, making it ideal for a buyer with a vision to gradually update or who prioritizes outdoor space over a large interior.
Frequently Asked Questions
1. Is the low assessed value a concern?
No, the assessed value is in line with similar homes on the street and in the neighbourhood. It reflects the home's modest size and is typical for older, character-area homes in Winnipeg, not the condition or market value.
2. How does the lot size compare practically?
The lot is over 4,150 sq ft, placing it above average for St. Boniface. This means a more private backyard and more space from neighbours than is typical for the area, a valuable asset in an inner-city neighbourhood.
3. What does "renovated basement" typically mean here?
While specifics require a viewing, in homes of this era, a renovated basement often means it has been finished into a livable space, such as a rec room or additional bedroom, adding crucial functional space to the smaller main floor.
4. The home last sold in 2016. What does that indicate?
The eight-year ownership period suggests stability and that the sellers were not flipping the property quickly. It may indicate a well-maintained home, but a thorough inspection is always recommended to understand any deferred maintenance.
5. Who would this home not suit?
It may not suit buyers looking for a large, move-in-ready home with ample above-ground square footage or multiple bedrooms. The appeal is for those comfortable with a cozy layout who see value in the lot and location, with potential to customize over time.