Property Overview: 157 Archibald Street, North St. Boniface, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition rooted in its practical characteristics and location. Built in 1926, it is a century-old property on a 4,033 sqft lot, offering 1,056 sqft of living space. Its primary appeal lies in its relative affordability, with an assessed value of $235k, which is notably below the averages for both the wider North St. Boniface area and Winnipeg overall. The living space is efficient and above average for its immediate street, suggesting a well-utilized footprint.
This property would suit a pragmatic first-time buyer, an investor, or someone seeking entry into the established North St. Boniface neighbourhood without the premium price tag of larger, more modern homes. It appeals to those who value location and potential over turn-key perfection. A thoughtful perspective is that its lower assessed value, while indicating modesty, may also represent a lower property tax burden—a practical, long-term advantage. The data suggests you are purchasing a home that is more spacious than most on its block but on a smaller, more manageable lot, ideal for those preferring less yard maintenance.
Frequently Asked Questions
1. Why is the assessed value so much lower than the area average?
The assessed value reflects factors like the home's age (1926), its smaller lot size relative to the area, and its more modest living area compared to the citywide average. It indicates a potentially more accessible entry point into the neighbourhood.
2. What does the sold price history (CA$200k–250k in 2020) tell me?
The previous sale falls within a range close to the current assessed value, suggesting market consistency. For precise sold figures, you can request exact data via email from the site, as they manually provide this detail.
3. How significant is it that the home is 100 years old?
It means the core structure is historic, which can involve character but also necessitates diligent inspection for foundational, electrical, and plumbing systems. Its age ranks it among the older homes on the street and in the city.
4. The living area is "above average" for the street but "around average" for the area. What does this mean?
It means the home is more spacious than many of its direct neighbours on Archibald Street, but is fairly typical when compared to all homes in North St. Boniface. It’s a efficiently sized home for the locale.
5. Can I see how this property compares to its neighbours on a map?
Yes. The listing suggests using the "Open neighbourhood map analysis" feature to visually compare this property with nearby homes on metrics like year built, lot size, and assessed value.