Property Summary: 555 Des Meurons Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1927 on a standard city lot in Central St. Boniface. Its key features include a renovated basement and a detached garage. The data reveals a property that is modest in scale—its living area of 994 sqft is slightly below the local average—but sits on a reasonably sized lot for the neighbourhood. Its assessed value is notably below average for the area, which historically translated to a very low sale price.
The appeal lies in its location within a historic, vibrant community and its potential as an affordable entry point into the St. Boniface market. It suits pragmatic buyers, such as first-time homeowners or investors, who prioritize location over square footage and see value in a home that has already seen updates like a renovated basement. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—a classic, no-frills Winnipeg home where value is derived more from the land and community than from the size or luxury of the structure itself. It’s for someone comfortable with a cozy layout who views the detached garage and finished basement as valuable functional bonuses.
Section 2: Frequently Asked Questions
1. Is the low assessed value and past sale price a red flag?
Not necessarily. It primarily reflects the home’s modest size and older age compared to newer or larger homes. It indicates an affordable entry point, but a professional inspection is always recommended to understand the property's condition.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or quality. Buyers should inquire about the work done, permits, and the basement’s intended use (e.g., living space, utility) to ensure it meets their needs.
3. How does the lot size compare?
At just under 4,000 sqft, the lot is smaller than the Winnipeg average but is fairly typical for Central St. Boniface. It offers standard outdoor space for the area but is not an exceptionally large yard.
4. Who might this property not suit?
It may not suit buyers looking for a modern, open-concept layout or substantial above-ground square footage. Given its age and below-average metrics for size and value, those seeking a move-in-ready home with ample space or strong comparative value growth might need to look elsewhere.
5. What is the context of the 2017 sale price?
The property sold for $17,500 in 2017, which was significantly below average even then. This typically suggests a property sold in as-is condition, possibly for land value or as a estate sale, and should not be used as a direct benchmark for current market value without understanding those circumstances.