Property Overview
131 Dumoulin Street is a 1,102 sqft home built in 1987, located in Winnipeg's North St. Boniface neighbourhood. With an assessed value of $215,000, it presents a distinct value profile within its local market.
Key Characteristics, Appeal & Ideal Buyer
This home’s primary appeal lies in its value positioning. It is a competitively sized property for the city overall, but its assessed value is notably below the North St. Boniface area average. This creates a potential entry point into a desirable neighbourhood that might otherwise be less accessible. The home is older than most in the immediate area, which may suggest a well-established streetscape but also indicates buyers should be prepared for updates consistent with its age.
Its appeal is grounded in practicality: it offers functional space at a manageable price point. It would suit a first-time buyer prioritizing location over a modern build, or an investor looking for a stable rental property in a mature community. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—it offers a chance to own a part of a sought-after area by valuing land and location, with the understanding that the home itself may require personalization or gradual improvement.
Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value of $215,000 is for municipal tax purposes. The sold price range from late 2023 ($250,000-$300,000) is a more current market indicator, though final price is always determined by current market conditions.
2. The home is older than many in North St. Boniface. What should I consider?
Built in 1987, the home is nearly 40 years old. While this is around the city-wide average, it is older than many neighbouring homes. Prospective buyers should budget for potential updates to major systems like roofing, windows, or HVAC, and consider an inspection to assess condition.
3. What does the "below average" area ranking for value really mean?
This statistical ranking shows the home’s assessed value is lower than approximately 99% of similar properties in North St. Boniface. This doesn't reflect quality, but highlights that it is a lower-priced option in a higher-valued area, which can be an advantage for buyers.
4. Is the living space sufficient for a family?
At just over 1,100 sqft, the living area is practical for a small family or couple. It is slightly above the city-wide average but smaller than the current average for North St. Boniface, suggesting efficient use of space rather than expansiveness.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for general research. To obtain fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.