Property Overview
This is a compact, one-storey character home built in 1915, situated on a generously sized lot in Central St. Boniface. Its key appeal lies in the combination of a prime, established neighbourhood and the potential inherent in its above-average land area. The home itself is modest, with a living area well below neighbourhood averages, but it features a renovated basement and a detached garage. The most recent sale was in 2017.
Key Characteristics & Ideal Buyer
The property’s standout feature is its land. At over 4,100 sq ft, the lot size is above average for both the immediate street and the broader St. Boniface area, offering valuable outdoor space and future potential in a central location. The home itself is a classic, smaller footprint from the early 20th century, suggesting a cozy layout with likely original charm. The renovated basement adds functional living space, a significant update for a home of this age.
This home would suit a specific buyer: someone seeking an entry point into the desirable St. Boniface community who values land size over current home size. It’s ideal for a minimalist, a hands-on owner comfortable with the upkeep of a century-old structure, or an investor/developer who sees the long-term value in the lot. It is less suited for those requiring ample above-grade living space or a modern, turn-key property without further investment.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, and legal egress should be verified through a viewing and inspection, as these are critical in older Winnipeg homes.
2. How does the low assessed value relate to market price?
The municipal assessed value is for taxation purposes and is typically lower than market value. The 2017 sale price provides a historical data point, but current market conditions, the lot value, and the home’s updates will determine today’s listing and sale prices.
3. Is the large lot a development opportunity?
While the lot is larger than average, any development (like building an addition or a new home) would be subject to City of Winnipeg zoning bylaws, heritage regulations (if applicable in St. Boniface), and permitting. Due diligence is essential.
4. What are the implications of the home's age (1915)?
A home from 1915 may possess charming character but requires careful attention to aging components. Prospective buyers should prioritize inspections for the foundation, plumbing, electrical systems, and insulation to understand maintenance obligations and potential upgrade costs.
5. Why is the living area considered below average?
At 764 sq ft, the above-grade living space is compact compared to modern standards. This indicates a efficient, likely two-bedroom layout. The renovated basement provides additional functional space, but the overall feel will be that of a smaller, character home.