Property Overview: 566 Des Meurons Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1946, presents a classic Winnipeg character home opportunity in the sought-after Central St. Boniface neighbourhood. Its primary appeal lies in its generous 4,183 sqft lot, which is above average for the immediate street and area, offering significant outdoor space and potential in a mature, established community. The home itself, with 966 sqft of living space, is compact and would benefit from modernization, as the basement is noted as not renovated. It includes a detached garage.
The property suits two main types of buyers. First, it's a solid entry point for a handy buyer or investor looking to add value through renovations, with the lot size being a key asset. Second, it appeals to those prioritizing location and land over a move-in-ready condition, who are willing to update a home to their taste over time. A less obvious perspective is its statistical positioning: while the home's assessed value is in the lower tier locally, its recent sale price of $350k significantly outperforms area averages, suggesting buyers see strong underlying value in the lot and location that isn't fully reflected in the official assessment.
Frequently Asked Questions
1. How does the lot size compare to others?
The 4,183 sqft lot is a standout feature. It ranks in the top 65% on its own street and top 54% in Central St. Boniface, meaning it's larger than many comparable properties in this desirable area.
2. Is the home recently updated?
The listing notes the basement is "not renovated," indicating the property is likely a candidate for updates. Buyers should budget for modernization.
3. Why is the recent sale price so much higher than the assessed value?
The home sold for $350k in February 2025, far above its $24,800 assessed value. This is common and indicates the market values the property—particularly its land and location—much higher than the municipal assessment for tax purposes, which often lags behind market trends.
4. What does the sale history tell us?
The previous sale was for $28,500 in May 2021. The substantial increase to $350k in 2025 reflects both strong market appreciation and likely underscores the value buyers place on homes with renovatable structures on large lots in St. Boniface.
5. Who would this property not suit?
It is not ideal for buyers seeking a turn-key, low-maintenance home. Given its probable need for updates and its compact living area, it may not fit families requiring immediate, ample indoor space without a renovation project.