Property Overview: 702 Tache Avenue, North St. Boniface, Winnipeg
Key Characteristics & Buyer Profile
This home presents a distinct value proposition in the historic North St. Boniface neighbourhood. Its key characteristic is its position as a more modest and affordable entry point on a street of larger, higher-value properties. With 1,016 sqft of living space on a 3,470 sqft lot, it is notably smaller than most homes on Tache Avenue and in the wider city, which contributes directly to its lower assessed value of $217k—significantly below area averages.
The appeal lies in location and opportunity. It sits in a mature, established neighbourhood, and the home itself is newer (built 1950) than many on its street, potentially suggesting fewer concerns associated with very old infrastructure. It last sold in mid-2023 for an estimated $200k-$250k, indicating a accessible price point. This property would suit first-time buyers, downsizers, or practical investors seeking a foothold in a character area without the premium price tag. It’s for those who prioritize location and lot ownership over square footage, and who see potential in a smaller, more manageable property. A less obvious perspective is that its below-average metrics might offer relative property tax savings, and its size could align well with a minimalist or efficient lifestyle.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value is primarily driven by the home's smaller living area and lot size compared to its neighbours. On a street where the average home is over 1,400 sqft, this property's more modest footprint results in a proportionally lower valuation.
2. What does the "newer" year built (1950) mean for a buyer?
While still an older home, being built in 1950 likely means it post-dates some construction methods and materials used in much earlier century homes. This could be an advantage, but a thorough inspection is still essential to understand the condition of its major systems like wiring, plumbing, and the roof.
3. How reliable is the sold price data shown?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as industry rules prevent them from displaying MLS records directly.
4. Is the small lot size a major drawback?
It depends on your priorities. The lot is smaller than most in the area, limiting extensive gardening or expansion potential. However, it requires less maintenance and may contribute to the home's affordability, which is a key feature for the right buyer.
5. Who should be cautious about this property?
Buyers needing ample indoor space or a large yard should look elsewhere. Additionally, those not prepared for the maintenance or potential upgrade costs common to any home of this age, regardless of its being "newer" than neighbours, should factor that into their budget.