Property Overview: 141 Dumoulin Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home in North St. Boniface presents a distinct profile defined by its generous lot and vintage charm. Its key characteristic is an exceptionally large, 7,222 sqft lot, which places it in the top 10-15% for land size compared to neighbours and the wider city. This offers significant outdoor space and potential not commonly found. The house itself is a compact 880 sqft bungalow built in 1949, making it notably newer than many on its street. Its assessed value of $323k is consistent with the immediate area.
The appeal lies in this land-to-structure ratio. It suits a buyer who values space and possibility over immediate square footage. It could be ideal for someone seeking a manageable home with room for gardens, expansion, or future development, all within an established neighbourhood. It may also attract value-conscious buyers, as the price aligns with the area average while offering a standout lot. The 1949 build date suggests potentially fewer immediate heritage or update concerns than much older homes in the area.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
As a home built in 1949, some systems (like plumbing, electrical, or the roof) may be due for updates or replacement depending on their maintenance history. A thorough inspection is recommended.
2. How does the lot size affect property taxes or value?
While the large lot is an asset, it contributes to the assessed value. Taxes are based on this assessment, so they reflect the total property value, not just the house. The lot size is a key factor in the property's long-term value and appeal.
3. What are the restrictions or possibilities for using the large lot?
This is a crucial question. Buyers should investigate local zoning bylaws (R1, R2, etc.) with the city to understand what is permitted—whether for adding a garage, building an extension, creating a secondary suite, or subdividing the lot.
4. The sold price history shows a range of $300k-$350k in 2017. Is the current assessed value accurate?
The assessed value ($323k) is for municipal taxation and is a mass appraisal. It is a guideline, not a market price. A current market valuation from a real estate professional would determine its true selling price, which can be influenced by recent renovations, market conditions, and buyer demand.
5. How does the smaller living area (880 sqft) compare to nearby homes?
The living area is below average for the street, area, and city. This indicates a more compact, efficient layout. It’s important to consider if the space meets your needs, balanced against the benefits of the larger property footprint.