Property Overview
This 1922 one-and-three-quarter storey home on Desautels Street in Central St. Boniface presents a straightforward opportunity centered on its location and land. With 1,007 sqft of living space, an unrenovated basement, and a detached garage, the home itself is modest and requires updating. Its key appeal lies in its lot size (3,918 sqft), which is notably larger than many in the immediate area, offering potential for expansion or outdoor use. The property’s assessed and recent sale values are significantly below city averages, positioning it as an accessible entry point into the established St. Boniface neighbourhood.
This home would suit a practical buyer looking for a footprint in a historic community without a premium price tag. It’s a candidate for a long-term renovation project, an investor considering a hold-and-renovate strategy, or someone who values larger private outdoor space over a modernized interior. The low financial barrier allows for allocating resources toward customization.
Frequently Asked Questions
Is this a good investment property?
Given its below-average price point for the area and the enduring demand in St. Boniface, it has a strong foundation for value growth. The unrenovated state means immediate rental income would likely be lower, but it allows an investor to add value through strategic updates.
What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style where the upper floor is smaller than the main floor, often with sloped ceilings on the sides. It typically means the upstairs bedrooms are cozy, with potentially limited full-height wall space.
How does the lot size compare?
The lot is larger than most on Desautels Street itself (ranking in the top 4% for size on the street), but is closer to the average for the broader Central St. Boniface neighbourhood. This suggests a relative advantage over its direct neighbours.
Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s age, condition, and smaller living area relative to the Winnipeg-wide average, which includes many newer, larger suburban homes. It is more aligned with values for unrenovated character homes in core neighbourhoods.
What are the major considerations for renovation?
Any significant update should budget for modernizing electrical and plumbing systems common in a 1922 home. The unrenovated basement presents both a blank slate and a potential moisture control priority. The large lot could also factor into plans for an addition, subject to zoning.