Property Overview: 796 St Joseph Street, North St. Boniface, Winnipeg
Key Characteristics & Appeal
This 862 sqft home, built in 1988, presents a practical and affordable entry point into the sought-after North St. Boniface neighborhood. Its primary appeal lies in its value proposition: the assessed value of $348k is notably below the street average and aligns closely with the wider city and area averages. This positions the property as a relative value play on a street with higher-priced homes.
The home suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with a stable foundation in a mature, well-located community. Its smaller living area is balanced by a standard-sized lot (4,534 sqft), offering typical outdoor space for the area. A thoughtful perspective is that its newer construction date (1988) compared to many neighborhood homes means potentially fewer concerns with aging infrastructure common in older builds, which could appeal to those wary of major immediate renovations. However, buyers should note the living space is compact, ranking below average at every comparison level, making it ideal for those with simpler spatial needs.
Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value ($348k) is a municipal tax valuation. The last recorded sale (May 2023) fell between $300k-$350k, suggesting the assessment is in a realistic ballpark. Market conditions and property condition will ultimately determine the sale price.
2. How does the size of this home compare to others nearby?
At 862 sqft, the living area is below average for the street, neighborhood, and city. This is the home's most defining characteristic, indicating a compact, efficient layout rather than a spacious one.
3. What are the advantages of a 1988 build in this area?
North St. Boniface has many older homes. A 1988 build is newer than most in the neighborhood and city-wide, potentially meaning updated electrical, plumbing, and insulation standards, which can reduce near-term repair costs.
4. The sold price data shows a range. How can I get the exact figure?
Due to industry regulations, exact historical sold prices are not published on this site. You can request the exact sale history via email through the provided link for a manual lookup.
5. How does the property's value compare to its neighbors?
Its assessed value is below the street average ($462.4k) but aligns with the neighborhood ($378.4k) and city ($390.1k) averages. This suggests you may be paying a premium for the location on St. Joseph Street, but at a lower entry point than most direct neighbors.