Property Overview: 344 Dumoulin Street, Winnipeg
Key Characteristics & Appeal
This home is a compact, historically grounded property in North St. Boniface, built in 1909. Its primary appeal lies in being an accessible entry point into the Winnipeg market, with a recently sold price and assessed value significantly below area and city averages. The 748 sqft living area is notably smaller than most comparable homes, positioning it for buyers comfortable with a modest, efficient footprint. The lot size of just over 4,000 sqft is fairly typical for the immediate street and neighbourhood.
Its strongest suit is financial accessibility. The data indicates it sells for a fraction of the average home price in its area, making it a candidate for first-time buyers, investors, or those seeking minimal mortgage exposure. The charm and potential are rooted in its history and location, but it requires a buyer who sees value in simplicity and is prepared for the realities of an older, smaller home. It’s not a property for those prioritizing space or modern amenities, but rather for a pragmatic buyer who values location over square footage and sees potential in a character home.
Frequently Asked Questions
1. Why is the sold price so much lower than the assessed value?
The assessed value is an estimate for taxation purposes, not a market price. A sale price well below assessment can reflect the home’s condition, specific market timing, or its smaller size relative to area norms.
2. What are the implications of the home’s smaller living area?
At 748 sqft, living space is limited. This emphasizes efficient use of layout and may limit furniture options or storage. However, it also translates to lower utility costs and less space to maintain.
3. As a home built in 1909, what should I be mindful of?
While offering character, a home of this age likely has older building systems (like wiring, plumbing, and insulation). A thorough inspection is essential to understand the condition and potential upcoming investments in updates or repairs.
4. How does the lot size compare, and what does it allow?
The lot is around average for the street but below the city average. It provides typical outdoor space for the neighbourhood but may not allow for extensive additions. Check local zoning for any development potential.
5. How can I get the exact historical sold price?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact figure via email from the site provider, who will manually look up and send the verified information.