Property Overview
This 1937 one-storey home on a generous 3,916 sqft lot in North St. Boniface presents a straightforward opportunity. Its core appeal lies in a renovated basement and a detached garage, offering functional space and storage. With 849 sqft of living area, it’s a compact and manageable footprint. The property ranks highly for its lot size within its immediate area, suggesting a valuable outdoor space or future potential relative to its neighbours. Its assessed value is modest compared to many listings in broader Winnipeg.
This home would suit a first-time buyer looking for an entry point into a established neighbourhood, or an investor seeking a rental property with a desirable lot size. It’s likely a project-oriented property, where the value is in the land and the renovated basement provides a solid starting point, leaving the main living space for the buyer to update to their taste. The rankings indicate it’s a smaller, older home on a good-sized lot for the street, which could appeal to someone valuing outdoor space over square footage.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a mention of a renovated basement in a home of this era typically means updated essentials like flooring, lighting, and drywall, possibly creating a separate living or utility space. It’s a key feature that adds immediate functional space.
2. How does the lot size compare meaningfully?
The lot is in the top 3% for size on Dumoulin Street. This means you're getting significantly more outdoor space than most direct neighbours, which is a notable advantage for privacy, gardening, or future expansion.
3. Is the living area of 849 sqft sufficient?
This is a compact home. It’s efficient for one or two people but may feel tight for a growing family. The renovated basement effectively adds usable square footage, but the main floor living space is modest.
4. Why is the assessed value relatively low?
The assessed value is for municipal tax purposes and reflects factors like age, size, and recent area sales. Its lower value compared to some similar-sized homes in Central St. Boniface may reflect the specific North St. Boniface location or the home’s original condition, not including recent renovations.
5. What can nearby "reference" properties tell me?
The listed references show that comparable assessed values in Winnipeg can buy very different properties—from larger, older homes to smaller, newer ones. It highlights that this home’s value proposition is its specific combination of lot size, neighbourhood, and the basement renovation, rather than sheer living space.