Property Overview: 365 Cabana Place, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Central St. Boniface is defined by its generous, above-average lot size of over 6,150 sqft—a standout feature in this established neighbourhood. Built in 1953, the home itself offers a renovated basement and a practical detached garage. With a living area of 1,295 sqft, it provides comfortable space without being oversized.
The primary appeal lies in its land. The lot is significantly larger than most in St. Boniface and on its own street, offering rare potential for gardening, expansion, or simply enjoying ample private outdoor space in a central location. The renovated basement adds immediate functional living space. Its assessed value positions it as a solid, mid-range property for the area.
This home would suit a buyer who values land over a large or modern footprint. It’s ideal for someone seeking a character home in a prime neighbourhood with room to grow, perhaps a gardener, a family looking for a spacious yard, or a long-term buyer who sees the underlying value in the lot itself. It’s a property where the land is the leading asset, with the house serving as a functional starting point.
Frequently Asked Questions
1. Is the lot size unusual for this area?
Yes. The property’s land area is in the top 17% for Central St. Boniface, meaning it’s substantially larger than most neighbourhood lots, which average around 4,600 sqft.
2. How does the year built affect this home?
Built in 1953, it is actually the newest home on its street, placing it in the top 3% there. This suggests well-established infrastructure and mature landscaping, but buyers should still budget for updates consistent with a home of this age.
3. What does the assessed value tell me?
The assessed value is above average for both the immediate street and the broader St. Boniface area, but around average city-wide. This indicates you are paying a premium for the specific, desirable location and lot size within the neighbourhood.
4. The last sale was in 2016 for $33,500. Is that relevant?
That sale price is significantly below the current assessed value and not a reliable indicator of today’s market value. It likely reflects a very different market condition or a unique circumstance at that time.
5. Who would this property not suit?
It may not be the best fit for buyers seeking a turn-key, modern open-concept layout or those unwilling to consider future updates to a 1950s floor plan. The value here is anchored in the land and location, not a recently built or fully renovated structure.