Property Overview
This 1960-built bi-level home at 164 Despins Street in Central St. Boniface presents a practical opportunity in a well-regarded neighbourhood. Its key appeal lies in its balance of a generous, nearly 5,000 sqft lot with a modestly sized, renovated living space of just over 1,000 sqft. The home features a renovated basement and a detached garage.
The property suits first-time buyers or downsizers looking for a manageable home with outdoor space in a central, historic area. Its above-average assessed value for the street and neighbourhood suggests it is a well-maintained or updated home within its local context. A thoughtful perspective is that while the living area is compact, the large lot offers valuable future potential for gardening, expansion, or simply enjoying more private outdoor space than is typical for the area.
Frequently Asked Questions
What does the "renovated basement" include?
The listing notes the basement is renovated but does not specify the scope. A professional inspection is recommended to confirm the quality of the renovation, its permitted status, and whether it includes a legal secondary suite or additional living space.
How does the 2016 sale price relate to today's value?
The home sold for $280,000 in late 2016. This figure is a historical data point and does not reflect current market value, which is influenced by market conditions, any updates made since that sale, and recent comparable sales in St. Boniface.
Is the lot size a significant advantage?
Yes. At 4,995 sqft, the lot is larger than the average for both Despins Street and Central St. Boniface. This is a standout feature, providing more yard space and potential than many neighbouring properties.
The home was built in 1960. What should I consider?
While newer than many homes on its street, a 60+ year-old home will have aging core components. The condition of the roof, windows, plumbing, and electrical systems should be evaluated, even with a renovated basement.
Who are the typical buyers in this part of St. Boniface?
Central St. Boniface attracts a mix of long-time residents, young professionals, and families drawn to its character, francophone culture, and proximity to downtown Winnipeg, the Seine River, and local amenities.