Property Overview
This home at 381 Deschambault Street in Winnipeg's Central St. Boniface neighbourhood is a character property defined by its history and potential. Built in 1900, it is a one-and-three-quarter storey home with 900 sqft of living space, a detached garage, and a full, unrenovated basement. The lot size of 3,562 sqft is modest for the area. Recent sale prices and the current assessed value are notably below city-wide averages, reflecting a property that is more of a blank canvas than a move-in-ready home.
Key Characteristics & Appeal
The primary appeal of this property lies in its value proposition and location. It represents a rare opportunity to own a historic home in a well-established neighbourhood at a very accessible price point. Its appeal is not in its current condition, but in its potential. The unrenovated state and lower price allow for customization, making it a project for someone who wants to imprint their own style, whether through gradual updates or a more significant renovation. The detached garage adds practical value for storage or workspace.
This home would best suit a specific type of buyer: a hands-on renovator, an investor looking for a hold-and-improve property, or a first-time buyer with a realistic budget and a vision who is willing to trade modern finishes for character and equity-building potential. It is less suited for those seeking a turnkey, low-maintenance property.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, reducing the ceiling height and square footage in parts of the upper level. It often adds unique character but can mean less usable space than a full two-storey home.
2. The assessed value seems very low. Is this accurate?
The assessed value is for taxation purposes and is based on mass appraisal techniques. For a unique, older home in unrenovated condition, the market value can differ significantly. The recent sale history provides a more concrete benchmark for its market price.
3. What are the implications of the "unrenovated basement"?
This indicates the basement is in original or functional condition but has not been modernized into a finished living space. Buyers should budget for potential foundational, moisture, or system updates and consider it raw space for future development, subject to permits and codes.
4. The lot size is noted as "below average" for the area. Is that a major drawback?
While smaller than some neighbouring properties, the lot is still a good size for an urban setting. It may limit expansion possibilities but can also mean less yard maintenance—a trade-off that some buyers may prefer.
5. Given its age, what should be prioritized in an inspection?
Beyond a standard inspection, special attention should be paid to the foundation, roof structure, wiring, plumbing, and insulation. For a home from 1900, understanding the integrity of the original building envelope and the state of any past updates is crucial for planning a realistic renovation budget.