Property Overview: 483 Notre Dame Street, North St. Boniface, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1951, presents a compelling value proposition centered on its generous lot size. With 6,118 square feet of land, the property offers significantly more outdoor space than most homes on its street and in the broader North St. Boniface area. This is its standout feature, providing ample room for gardening, expansion, or simply enjoying a larger private yard in a mature neighbourhood.
The 1,325 sqft living area is comfortably above average for the immediate street, though it aligns more closely with typical city-wide sizes. With an assessed value of $327,000, it sits at a moderate point—positioned above average for its specific street but below the broader city average. This suggests a potentially accessible entry point into the neighbourhood.
The appeal lies in this balance of space and value. It suits a practical buyer who prioritizes land over a newer build or premium finishes. It could be ideal for a first-time homeowner looking for room to grow, a downsizer wanting a manageable home with a substantial garden, or an investor attracted to the lot’s potential in a well-established area. The historical sales data indicates stable value in the area over the past decade.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($327k) is for municipal tax purposes and is a starting point for market valuation. Recent sold prices on the street and in the area provide a more direct, though approximate, comparison. A professional market evaluation is recommended for pricing strategy.
2. What does the lot size mean for potential renovations or additions?
The large lot (over 6,000 sqft) is a key asset. It may provide flexibility for future additions like a garage, sunroom, or deck, subject to local zoning bylaws and setback requirements. This potential is a significant advantage over properties with smaller lots.
3. Are there any concerns with a home built in 1951?
As with any home of this age, the condition of major systems (roof, wiring, plumbing, insulation) should be carefully evaluated during an inspection. While the build year is typical for the neighbourhood, it underscores the importance of a thorough professional inspection.
4. How does this property compare to others in Winnipeg for value?
The data shows its assessed value is below the city-wide average, while its lot size is above average. This combination can represent good value for buyers who prioritize land space, making it competitive compared to newer homes on smaller lots in other parts of the city.
5. Can I get the exact historical sold prices for this home?
The site provides sold price ranges. To obtain the exact figures from the transaction history, you must request them via email from the service, as they manually look up and provide this data outside of the MLS system.