Property Summary: 749 Langevin Street, Winnipeg
Key Characteristics & Appeal
This home at 749 Langevin Street in North St. Boniface is defined by its position as a more modest and affordable entry point within its community. Built in 1900, it is notably older than most homes in the area and across Winnipeg. With 826 square feet of living space and a 2,725 sqft lot, its footprint is smaller than neighborhood averages. This is directly reflected in its assessed value of approximately $196k, which is significantly below the local and city-wide averages.
Its primary appeal lies in affordability and location. It represents a rare opportunity to enter the North St. Boniface market at a lower price threshold. The home suits first-time buyers, investors, or downsizers seeking a lower-maintenance property with the character of an older home. A thoughtful perspective is that its smaller size and lot could mean lower utility costs, property taxes, and upkeep effort compared to larger homes nearby. However, the data suggests buyers should be prepared for a home that may require updates, given its age and value relative to the area.
Frequently Asked Questions (FAQs)
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is based on specific property characteristics. This home’s smaller living area, older age, and smaller lot size compared to area averages are the primary factors contributing to its lower valuation.
2. What does the "Top 95%" ranking for assessed value in the neighborhood mean?
This statistic means this property’s assessed value is lower than approximately 95% of comparable homes in North St. Boniface. In other words, it is among the most affordable 5% of homes in the area based on official assessment.
3. How reliable is the sold price data shown?
The sold price range shown 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.
4. What should I consider about a house built in 1900?
A home of this age may have unique character but likely requires a thorough inspection. Consider the condition and age of major systems like wiring, plumbing, and the foundation, and budget for potential updates or maintenance specific to older properties.
5. Is the smaller lot size a disadvantage?
It depends on your priorities. A smaller lot means less outdoor maintenance and yard work, which can be an advantage. However, it also means less private outdoor space and limited potential for expansions compared to larger lots in the area.