Property Overview: 488 Notre Dame Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 900 sqft bungalow, built in 1948, sits on a generous 4,895 sqft lot in North St. Boniface. Its primary appeal lies in its relative affordability and land size within its immediate neighborhood. With an assessed value of $261k, it presents a notably lower entry point compared to the broader area and city averages, making it a practical option for budget-conscious buyers.
The home suits first-time buyers or investors seeking a property with redevelopment potential, given the lot size is above average for Notre Dame Street. It’s a straightforward, no-frills property where value is derived more from the land and location than from the size or modern features of the dwelling itself. A thoughtful perspective is that this home represents a classic "foot-in-the-door" opportunity for the neighborhood—allowing for equity building in a mature area with the future option to renovate or redevelop, a path many homes on this street have likely taken over the decades.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value of $261k is below the averages for both North St. Boniface and Winnipeg overall. On its own street, however, it ranks closer to the average, suggesting the immediate block consists of similarly valued properties.
2. Is the house smaller than others in the area?
Yes. At 900 sqft, the living area is below the average for the wider neighborhood and city. On Notre Dame Street itself, it is closer to, but still below, the average home size.
3. When was it last sold, and for how much?
Public records indicate it was sold in September 2016, with the sold price falling within the $200,000 - $250,000 range.
4. What is the potential for expansion or redevelopment?
The lot size is a key feature, as it is larger than many on the same street. This could provide more flexibility for additions, a garden, or future redevelopment, subject to local zoning bylaws.
5. How can I find out the exact historical sale prices?
The provided data shows price ranges. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records.