Property Overview
This is a well-maintained, 1,018 sqft condo unit at 101-232 Goulet Street in Winnipeg's Central St. Boniface neighbourhood. Built in 2005, it offers modern construction in a historic area. The property has no basement, pool, or private garage. It recently sold in March 2025 for $240,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modern convenience and established location. Built in 2005, it is a notably newer construction compared to most homes on its street and in the wider St. Boniface area, potentially reducing concerns over major system updates. With 1,018 sqft, it offers above-average space for similar units on Goulet Street. The recent sale price of $240k significantly outperforms the local assessed value average, indicating strong market appeal and perceived value.
This condo would suit a buyer seeking a low-maintenance lifestyle in a walkable, culturally rich neighbourhood without the uncertainties of an older building. It's ideal for a first-time homebuyer, a downsizer, or an investor attracted by its modern build date and the stability of a well-regarded area. A thoughtful perspective is that while it lacks a private garage, its newer construction in a neighbourhood full of century-old homes offers a unique blend of character and predictability, appealing to those who want the St. Boniface atmosphere without a heritage renovation project.
Frequently Asked Questions
Q: How does the building's age compare to others in the area?
A: Exceptionally well. Built in 2005, it ranks in the top 2% for year built on Goulet Street, where comparable homes average an age of 1994. It is significantly newer than many properties in Central St. Boniface.
Q: The sale price is much higher than the assessed value. What does this indicate?
A: The sale price of $240k was well above the local assessed value averages, suggesting strong buyer demand for this specific property. This often reflects the premium buyers are willing to pay for a newer, well-situated condo in this market.
Q: What are the trade-offs for having a newer building?
A: The modern construction offers peace of mind but comes with a condo fee structure (common in buildings of this type) and lacks the private yard, basement, or garage space that some older, detached homes in the area might offer.
Q: Is the living space typical for the neighbourhood?
A: At 1,018 sqft, it is above average for similar units on its street but sits around the average when compared to all homes in Central St. Boniface and citywide, offering a comfortable, mid-size footprint.
Q: What does the "no basement" detail mean for storage or utilities?
A: The unit has no basement, which is common for condo buildings. This means all living space is on one level, and in-unit storage may be limited to closets. Building utilities, laundry, and any shared storage would be located in common areas.