Property Summary: 1-448 Valade Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a distinctive, modern two-and-a-half storey home built in 2021, offering a rare combination of new construction within the established, historic Central St. Boniface neighbourhood. Its key appeal lies in this contrast: you get a contemporary, low-maintenance living space without sacrificing the character and convenience of a mature, central community.
The home features a renovated basement and a detached garage on a 3,641 sqft lot. With 1,666 sqft of living space, it is notably larger than most homes in both the neighbourhood and city-wide. The statistics are compelling: its Year Built and Assessed Value rank in the top 1-2% for the area, indicating a property that stands out significantly from its peers in terms of modernity and valuation.
This property would ideally suit buyers who want a turn-key, newer home but are drawn to the authenticity and roots of St. Boniface, rather than a suburban subdivision. It’s also a strong match for those who value above-average interior space and who see the detached garage as a key asset for vehicles, storage, or a workshop. The high assessed value suggests it appeals to buyers looking for a long-term investment in a premier inner-city location.
Section 2: Frequently Asked Questions
1. How does a 2021 home fit into St. Boniface?
It represents a thoughtful infill development, replacing an older property. This allows you to enjoy modern building standards, energy efficiency, and contemporary layouts while being steps away from the area's historic landmarks, cafes, and the Provencher Bridge.
2. The assessed value seems high compared to the last sale price. Why?
The property last sold in 2017 for $22,500, which was likely for the old structure or vacant land. The current $1.26M assessment reflects the complete value of the new, substantial home built in 2021, aligning it with other high-end properties in Winnipeg.
3. Is the lot size a pro or a con?
It depends on your priorities. The lot is above average for Valade Street itself, providing good outdoor space for a central location. However, it is below the city-wide average. This is typical for desirable, established neighbourhoods and means less yard maintenance but also defines the home's urban, community-focused setting.
4. What does the "Elite" ranking for Year Built really mean?
In practical terms, it means major components like the roof, windows, furnace, and appliances are under 5 years old. You can expect significantly lower immediate repair costs and higher energy efficiency compared to the neighbourhood's average home, which is nearly a century old.
5. Who might this home not suit?
Buyers seeking a very large yard or those who prefer the uniform streetscape of a brand-new development might find it less ideal. Similarly, if your priority is purchasing a home below area-average pricing, this premium, modern property may not align with that goal.