Property Overview
This 1908 two-storey home in Central St. Boniface stands out for its generous proportions and sizable lot. Its primary appeal lies in offering substantial space—both inside and out—within a historic and sought-after neighbourhood. The home features a large 2,812 sqft living area, which ranks in the top 1% for size locally, and sits on a 5,623 sqft lot that is well above average for the immediate street. It comes with a detached garage and an unrenovated basement, presenting a canvas for customization. The property last sold in June 2023 for $540,000, a price point that was above average for the area.
This home would best suit a specific type of buyer: those who value character and space over modern turn-key finishes. It’s an ideal project for a growing family seeking room to expand, or for a buyer looking to invest sweat equity into a historic property with solid bones. The very low assessed value relative to the recent sale price may indicate significant updates were made post-assessment, or it highlights the premium buyers are willing to pay for location and lot size. It’s less suited for those seeking a low-maintenance, modernized home without renovation plans.
Frequently Asked Questions
What does "Elite" ranking for Living Area actually mean?
It means this home’s interior square footage (2,812 sqft) is larger than 99% of comparable homes in Winnipeg, making it exceptionally spacious, especially for a 1908 build.
The home was built in 1908. What should I consider?
While offering classic charm and sturdy construction, a home of this age will likely require ongoing maintenance and updates to plumbing, electrical, and insulation. The unrenovated basement is a clear project space. An inspection is crucial.
Why is the Assessed Value ($52.1k) so much lower than the last Sale Price ($540k)?
Municipal assessments in Manitoba are primarily for tax purposes and often lag behind market values, especially after a recent sale or renovations. The sale price reflects what the market is willing to pay for the lot, location, and home size.
Is the large lot a major advantage?
Yes. The lot is in the top 10% for size on the street, offering rare potential for gardening, expansion, or outdoor living in a central neighbourhood. This is a key long-term value driver.
Who are the typical buyers in Central St. Boniface?
The neighbourhood attracts those seeking a strong community feel, historic character, and proximity to the river, downtown, and Francophone culture. Buyers often value uniqueness over uniformity.