Property Overview
This 1921 one-and-a-half storey home on Bertrand Street in Central St. Boniface presents a classic Winnipeg character property with modern updates. Its key appeal lies in the combination of a generous, above-average lot size for the area and a recently renovated basement, offering solid potential within a well-established neighbourhood. The detached garage adds practical value.
The home suits first-time buyers or downsizers looking for a manageable footprint with room to grow outdoors, or investors seeking a character property with foundational updates in a central location. Its lot size is a standout feature, ranking in the top 10% on its own street, which is a significant asset for gardening, expansion, or simply enjoying more private outdoor space than most nearby homes offer. While the living area is modest and typical for the area, the renovated basement effectively adds functional space. A thoughtful perspective is that the home’s age and average citywide assessment position it as an accessible entry point into the historic St. Boniface community, where the value is often found in the location and land rather than sheer square footage.
Frequently Asked Questions
1. How does the lot size compare to other properties?
The 5,515 sqft lot is notably larger than many in the immediate area, ranking in the top 10% on Bertrand Street itself. It offers more outdoor space than most comparable neighbourhood homes.
2. What does a "renovated basement" typically include?
While specific finishes aren't detailed, a listing noting a renovated basement generally indicates it has been updated to be a clean, functional living space, possibly as a rec room, office, or additional bedrooms. Verification of permits and the scope of work is always advised.
3. Is the home's assessed value in line with the area?
Yes. The assessed value is around the average for both Bertrand Street and the broader Central St. Boniface neighbourhood, suggesting it is fairly valued within its local market context.
4. What are the implications of a home built in 1921?
Buyers can expect classic character but should prioritize a thorough inspection. While the renovated basement is a plus, attention should be paid to the condition of original elements like wiring, plumbing, and the foundation, which are common focus points for homes of this era.
5. How does the last sale price relate to the current assessed value?
The home sold in July 2017 for $243,000. The current assessed value is higher, which may reflect market changes and the basement renovation since that last sale. It is a useful data point for understanding the property's history and market trajectory.