Property Overview: 565 Des Meurons Street, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in Central St. Boniface presents a compelling blend of historic charm and practical updates. Built in 1903, it sits on a standard-sized lot (just over 4,200 sq ft) but offers significantly more living space (1,760 sq ft) than most comparable homes in the immediate area, ranking in the top 10-15% locally. This suggests a well-utilized footprint with generous interior rooms. Key features include a renovated basement and a detached garage.
The appeal lies in its position as a character home that doesn’t sacrifice space. While its age is notable, the renovated basement indicates investment in modern livability. The property’s assessed value is modest relative to the city average, but its recent sale price of $460k (2023) was well above local averages, reflecting strong market demand for homes like this in St. Boniface.
This home would best suit a buyer who appreciates the established, tree-lined streets of a historic neighbourhood and desires more interior space than is typical for the area. It’s ideal for someone prepared for the upkeep of a century-old home but who values the move-in readiness of a renovated basement. It may also attract those looking for a property whose living area offers a tangible advantage over neighbouring houses.
Frequently Asked Questions
1. What does the significant difference between the 2023 sale price and the assessed value mean?
The assessed value is for municipal tax purposes and often lags behind the current market. The sale price is a clearer indicator of its recent market value, showing that buyers are willing to pay a premium for this home’s specific combination of location, space, and condition.
2. Are there any concerns with a home built in 1903?
While the renovated basement is a positive, potential buyers should prioritize inspections focused on the fundamentals of a 120+ year-old structure. This includes the foundation, original wiring and plumbing, roof age, and insulation standards. The home’s age is its defining character trait but requires due diligence.
3. How does the living area compare in practical terms?
With 1,760 sq ft, this home offers roughly 50% more living space than the average comparable home on its street (~1,196 sq ft). This translates to potentially larger bedrooms, more common living areas, or a more functional layout than many nearby properties.
4. What is the context of the detached garage?
In older neighbourhoods, a detached garage is common. It provides secure parking and storage but requires going outdoors to access the house—a factor to consider during Winnipeg winters. Its condition and potential for alternative uses (e.g., workshop) should be evaluated.
5. The data shows the 2017 sale was very low. Why?
The sale price of $29.1k in 2017 is not indicative of a standard market transaction. It typically represents a transfer between family members, a sale of the land only (prior to a major renovation), or a non-arms-length sale. It does not reflect the property’s market value at that time.