Property Overview: 125 Archibald Street, North St. Boniface, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1945, it’s a character property with 981 sqft of living space on a nearly 5,000 sqft lot. Its key appeal lies in its position as a relatively affordable entry point into the market. The assessed value of $210k is notably below the averages for its immediate area and the wider city, which may indicate potential for equity growth or simply a lower property tax burden.
The home would suit first-time buyers or pragmatic investors looking for a foothold in a mature neighbourhood without a premium price tag. Its lot size is generous for the area, offering outdoor space that is becoming increasingly rare in this price range. A thoughtful perspective is that while the living space is modest and the home’s age will require diligent maintenance, it outperforms many comparable homes on its own street in terms of square footage. This suggests a property that, while needing updates, isn’t the smallest or most cramped option on the block. It’s a home for those who value land and location over turn-key condition, appealing to buyers comfortable with a project or who prioritize financial flexibility.
Section 2: Frequently Asked Questions
1. Is the low assessed value a red flag?
Not necessarily. While it’s consistently below area averages, this primarily reflects the home’s age, size, and likely condition compared to newer or renovated homes. It can be an advantage for lower property taxes and may represent a value opportunity in a neighbourhood where other metrics are higher.
2. What does the home’s age mean for a buyer?
A home from 1945 will have character but requires careful attention. Expect potential needs like updated wiring, plumbing, or insulation. A thorough inspection is essential. On a positive note, it often comes with solid construction and larger lot sizes not found in newer subdivisions.
3. How does the lot size compare?
At 4,892 sqft, the lot is very close to the average for North St. Boniface. It’s a significant asset, providing good outdoor space and potential for gardening, expansion, or future development, subject to zoning.
4. Why is the past sold price shown as a range?
Publicly available non-MLS data provides estimated price bands. For precise historical sale figures, you must request a manual lookup from the site via email, as they do not display full MLS records due to industry rules.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on Archibald Street, indicating a dense, established streetscape typical of older Winnipeg neighbourhoods. The "neighbourhood analysis page" feature mentioned would provide a detailed map to compare this home directly with its neighbours on factors like year built and lot size.