Property Overview: 340 Dumoulin Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Dumoulin Street in North St. Boniface presents a specific and practical value proposition. Its key characteristic is its modest scale, with a living area of 794 sqft, which is notably smaller than most comparable homes on the street, in the area, and across Winnipeg. Built in 1909, it is a historic property, older than the vast majority of homes in the city. The assessed value of $247k is significantly below the local and city-wide averages, reflecting these factors. The lot size of just over 4,000 sqft is fairly typical for the immediate neighbourhood.
The appeal lies in its accessibility. It represents a lower-priced entry point into the established North St. Boniface community, potentially suiting first-time buyers, investors, or downsizers seeking a manageable footprint without a large mortgage. The price point allows for financial flexibility, possibly enabling future renovations or updates to the historic structure. It’s a home for a pragmatic buyer who values location and lot over square footage, and who sees potential in a character property that doesn’t command a premium price. It would not suit someone seeking a modern, move-in-ready home with ample space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the area average?
The assessed value reflects the home’s smaller size (794 sqft vs. an area average of ~1,300 sqft) and its age (1909). Assessments are based on these tangible metrics, resulting in a value that is below average for the community.
2. What does the sold price history indicate?
Public records show it last sold between $150k-$200k in July 2017. This historical price, combined with the current assessed value, suggests it has been a consistently lower-priced property in the area, not one that has seen rapid, speculative appreciation.
3. Are there concerns with a house built in 1909?
Potentially, yes. A home of this age may have outdated electrical, plumbing, or insulation systems unless it has been thoroughly updated. A meticulous inspection is essential to understand the condition and anticipate any necessary investments in maintenance or modernization.
4. Is the lot size a positive?
At 4,046 sqft, the lot is fairly average for North St. Boniface but below the Winnipeg city average. It provides a decent outdoor space for a home of this size but is not an unusually large or subdividable parcel.
5. How reliable is this comparative data?
The rankings and averages provided are based on available public assessment data, offering a consistent benchmark for comparison. For precise sold prices and full transaction history, a manual lookup through the site or traditional MLS sources is recommended, as noted in the data disclaimer.