Property Overview & Key Characteristics
This 1941 one-storey home in Central St. Boniface presents a straightforward, low-maintenance living proposition. Its primary appeal lies in its generous 3,300 sqft lot—which is larger than most in the area—paired with a modestly-sized, renovated 714 sqft main floor. The detached garage adds practical utility. While the living space is compact, the significant lot size offers valuable outdoor potential and places the property in a higher tier for land area within Winnipeg.
The home suits practical buyers looking for an entry point into a well-established neighbourhood without a large footprint. It’s ideal for a first-time buyer, an investor, or someone seeking a simpler, single-level layout. The renovated basement adds functional living space, making the overall package more versatile. A thoughtful perspective is that this property represents land value and location first, with the home itself offering a functional shell that could be lived in as-is or viewed as a long-term redevelopment opportunity on a sizable urban lot.
Frequently Asked Questions
1. How does the small living area compare to nearby homes?
At 714 sqft, the main floor living area is notably smaller than many comparable homes in St. Boniface, as seen in the listed references. This is a key factor in its accessible price point.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. This would require clarification on whether it is a legal suite, a rec room, or simply updated living space.
3. Is the large lot size a common feature here?
No. The property’s lot is in the top 17% in Winnipeg for size, which is a standout feature for the area and a primary asset of this listing.
4. Why is the assessed value significantly different from the 2022 sale price?
The home was assessed at $31,200 but sold for $34,500 in August 2022. This difference is normal, as market sale prices often fluctuate around the municipal assessment, which is used for tax purposes and may not reflect current market value.
5. What is the potential for future expansion or rebuilding?
Given the large lot and the compact, older home, there is clear potential for a significant addition or eventual rebuild, subject to local zoning bylaws. This long-term flexibility is a less obvious but valuable aspect for a buyer with future plans.