Property Overview: 192 Bertrand Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1920, presents a practical opportunity in Central St. Boniface. Its key features include a renovated basement and a detached garage. With 1,102 sqft of living space on a 3,190 sqft lot, its proportions are very much in line with the immediate street and area, offering a manageable size without feeling cramped. The home’s recent sale in July 2024 for $310k positioned it as an around-average value for both the neighbourhood and the wider city, suggesting a fair market price.
The appeal lies in its established location and its character as a solid, no-fuss property. It suits buyers looking for a grounded entry into a mature neighbourhood without the premium of a larger lot or a fully modernized home. It’s particularly well-suited for a first-time homebuyer, a small household, or an investor seeking a straightforward residential property. A thoughtful perspective is that its metrics are consistently "around average" for its direct vicinity—this isn't a standout luxury property, but rather a home that reflects the reliable, middle-of-the-road fabric of its local community, which can be a virtue for those seeking stability and predictability.
Frequently Asked Questions
1. What does the "renovated basement" likely entail?
Given the home's age and assessed value, this typically indicates functional updates like moisture management, insulation, electrical, and finished surfaces to create a livable space, rather than a high-end custom finish. It’s a significant functional upgrade for a century-old home.
2. How does the lot size impact this property?
At 3,190 sqft, the lot is smaller than the Winnipeg average but typical for Central St. Boniface. This means lower outdoor maintenance but also limited space for major expansions, large decks, or extensive landscaping.
3. The assessed value is noted as $26.90k, but it sold for $310k. Why is there such a large difference?
The $26.90k figure is likely the assessed value for land only. The total assessed value (land + building) is not explicitly stated here but would be much closer to the sale price. This is a common point of confusion in property records.
4. What can nearby property sales tell us?
The sale of the very similar neighbouring home at 194 Bertrand Street (built 1908, 960 sqft) for $23.10k in 2019 is not a direct comparison—that price almost certainly reflects a tear-down or lot-value-only transaction, highlighting how the renovated basement and livable condition of 192 Bertrand add substantial value.
5. Is this home likely to require significant ongoing maintenance?
As a 106-year-old structure, some ongoing maintenance should be anticipated for aging components like the roof, original windows, or plumbing. The renovated basement is a positive sign, but a thorough inspection is always recommended for homes of this era.