Property Overview: 725 La Fleche Street, North St. Boniface, Winnipeg
Key Characteristics & Appeal
This home presents a practical opportunity in a well-established Winnipeg neighborhood. Built in 1910, it is a character property that is older than most in the city. With 1,017 sqft of living space and a 3,652 sqft lot, its size is fairly typical for its immediate street but is below the broader neighborhood and city averages. This suggests a more modest, manageable scale.
The primary appeal lies in its value positioning. With an assessed value of $237k, it sits significantly below average for both North St. Boniface and Winnipeg overall. This creates a notable entry point into the market, especially for a neighborhood known for its charm and proximity to the Seine River, biking trails, and local amenities. Its last recorded sale was between $200k-$250k in mid-2022.
This property would suit a first-time buyer or an investor looking for a foothold in a desirable area without a premium price tag. It may also appeal to someone seeking a smaller, lower-maintenance home or a renovator who sees potential in an older structure, provided they are prepared for the realities of a 116-year-old building. The data indicates you are paying primarily for location here, with the home itself offering a compact, no-frills footprint.
Frequently Asked Questions
1. What does the assessed value tell me about the property tax?
The $237k assessment is the value the city uses for calculating your property tax bill. It being below area averages suggests your tax burden may be comparatively lower, but you should confirm the current mill rate for an accurate estimate.
2. How does the lot size impact potential for expansion or outdoor space?
At 3,652 sqft, the lot is smaller than many in the neighborhood. This may limit possibilities for large additions or extensive landscaping, but it also means less yard maintenance. It’s important to check local zoning bylaws for setback requirements before planning any significant changes.
3. The home is older than most. What should I consider?
A 1910 build requires a diligent inspection. Focus on the foundation, roof, wiring, plumbing, and insulation. While it offers character, updating these core systems can be a significant consideration in your budget. Its age also means it likely predates modern noise insulation standards.
4. The sold price is shown as a range. How can I get the exact figure?
The site provides sold price ranges for general browsing. To obtain the exact historical sale price, you must request it directly from them via email. They manually look up and provide this data, as they do not display MLS sold records.
5. How does this home’s size compare realistically to its neighbors?
Its living area is very close to the street average (~1,111 sqft), meaning it won’t feel unusually small on its own block. However, compared to the wider selection of homes in North St. Boniface and Winnipeg, it is compact. This is a key trade-off for the lower price point in this location.