Property Overview & Appeal
This 1975 bi-level home at 229 Thomas Berry Street in Central St. Boniface is defined by its substantial, private lot and solid value proposition. Its key characteristic is an exceptionally large 6,254 sqft lot, which ranks in the top 1% for size on its own street. The home itself offers a renovated basement and a detached garage, with a living area of 1,234 sqft that is comfortably above average for the immediate area. While the house is of a practical size and era, the property’s standout feature is the land itself, offering significant outdoor space and potential in a central neighbourhood.
The appeal lies in a rare combination of space and location. It suits buyers looking for a manageable home with ample room for gardens, play, or future expansion—a scenario often hard to find close to the city’s core. It would particularly fit a practical buyer who values land size over a large interior footprint, or an investor/renovator who sees the underlying lot value and the upside in the already-updated basement. A less obvious perspective is that, compared to neighbouring properties, this home is notably newer (built in 1975 vs. an area average circa 1940), suggesting potentially fewer concerns with aging infrastructure common in historic areas, which is a practical advantage.
Frequently Asked Questions
1. Is the assessed value accurate given the recent sale price?
Yes, the 2022 sale price of $45,500 aligns closely with the current assessed value of $44,800, indicating a stable and realistic market valuation for the property.
2. What does the "top 1% for land area" on the street actually mean?
It means this property has one of the very largest lots on Thomas Berry Street. With 6,254 sqft, it significantly exceeds the street's average lot size of approximately 3,777 sqft, offering exceptional outdoor space for the location.
3. The home is described as a bi-level. What should I expect with this style?
A bi-level typically features a ground-level entry with stairs immediately leading both up to the main living areas and down to a lower level. The renovated basement here is a key feature, adding functional living space to the 1,234 sqft main footprint.
4. How does the year built (1975) compare to the rest of St. Boniface?
This home is considerably newer than many in the historic Central St. Boniface area, where the average comparable home was built around 1939. This can be an advantage for maintenance and systems, though the neighbourhood charm remains.
5. The assessed value seems low compared to the city-wide average. Why?
The city-wide average assessed value includes all property types across Winnipeg. This assessment reflects the specific market for homes of this size and type in the St. Boniface area. The key point is that its value ranks above average for both its neighbourhood and the city overall, confirming its solid equity position.