Property Overview
This is a compact, 587 sqft unit in a building constructed in 1981, located at 103-248 Dollard Boulevard in Winnipeg's Central St. Boniface neighbourhood. The data indicates it is a more modestly sized and valued property within its immediate context. It has no basement, pool, or garage. Last sold in May 2023 for $14,600, its assessed value is $14,500.
Section 1: Key Characteristics & Appeal
The primary characteristic of this property is its accessibility. With a very low price point and correspondingly low property taxes, it represents a minimal barrier to entry into the Winnipeg housing market. Its appeal lies in pure utility and function—it serves as an affordable foothold in a central, established neighbourhood like St. Boniface. The small living area necessitates a minimalist lifestyle.
This unit would suit a specific type of buyer: a first-time purchaser seeking absolute cost efficiency, an investor looking for a low-cost rental asset, or someone needing a basic, no-frills residence close to urban amenities. Its value is almost entirely in its land location and the roof it provides, rather than in its size or features. A thoughtful perspective is that a property like this can act as a strategic starting point, allowing an owner to build equity with very low carrying costs before potentially moving on.
Section 2: Frequently Asked Questions
1. What type of dwelling is this exactly?
The listing does not specify a building type (e.g., apartment, townhouse), but the unit numbers and lack of private garage suggest it is likely a condominium apartment or a unit within a small multi-plex.
2. Why is the sale price so close to the assessed value?
The close alignment suggests the market transaction validated the city's assessment, indicating a stable, non-speculative value for this class of property in the current market.
3. What are the monthly condo or maintenance fees?
This critical information is not provided in the data. Any interested buyer must investigate these fees, as they significantly impact the total monthly cost and value proposition.
4. Is this a good investment?
As a rental, its low purchase price could offer a reasonable yield, dependent on market rent and the undisclosed fees. For personal use, it’s less an investment for price appreciation and more a tool for cost-controlled living and forced savings versus renting.
5. How does its "below average" size and value affect resale?
It operates in a niche market. While it may always compare "below average" in metrics, it also consistently serves a segment of the market seeking the absolute lowest-priced options, which can provide its own form of demand stability.