Property Overview
This 1948 three-level split home at 389 St Jean Baptiste Street in Central St. Boniface presents a compelling blend of historic charm and generous space. Its key appeal lies in its significantly above-average living area of 2,367 sq ft, which ranks in the top tier (top 4% or better) compared to both the immediate neighbourhood and the wider city. The home sits on a standard city lot and features an attached garage and a renovated basement. It last sold in May 2023 for $430,000, a price point that was above average for its specific street and the broader St. Boniface area.
This property would suit buyers looking for a character home with ample room for a family or for hosting, within a well-established, historic neighbourhood. It’s particularly ideal for those who value interior space over a large yard and appreciate a home that has been updated (as seen in the basement) while retaining its post-war era provenance. A thoughtful perspective is that its "Elite" ranking for living space in a neighbourhood of typically smaller homes offers a rare sense of volume and potential that isn't always available in the area, making it a standout for space-seekers without the premium of a brand-new build.
Frequently Asked Questions
1. How does the home’s age impact its condition and potential costs?
Built in 1948, the home is newer than many on its street and in central St. Boniface. While this suggests potentially fewer issues associated with very early 20th-century construction, prospective buyers should still budget for maintenance consistent with a nearly 80-year-old home, such as updates to original plumbing, wiring, or windows.
2. The assessed value is much lower than the recent sale price. What does this mean?
The municipal assessed value of $40,900 is for taxation purposes and is not a reflection of current market value. The 2023 sale price of $430,000 is the relevant figure for understanding its worth in today's market, indicating strong buyer demand for the property's location and characteristics.
3. Is the living space configured efficiently across the three levels?
As a three-level split, the floor plan is likely compartmentalized. This can offer good separation of living and sleeping areas, but may feel less open than a modern bungalow or two-story. Viewing the home is essential to see if the flow suits your lifestyle.
4. What is the significance of the "renovated basement"?
While noted as renovated, the specifics of the renovation (e.g., quality, permits, moisture control) are not detailed. It’s important to clarify what work was done, when, and by whom to understand the true value and condition of this space.
5. How does the lot size compare, and what are the implications?
At just over 4,000 sq ft, the lot is around average for St. Boniface but below the citywide average. This means outdoor space is typical for the neighbourhood—adequate for a garden or patio but not for extensive additions. The focus here is squarely on the interior living space.