Property Overview
This 1922 one-and-a-half storey home on Deschambault Street in Central St. Boniface presents a compact, renovated character home on a standard city lot. Its key appeal lies in its balance of historic charm, recent updates, and a location within a sought-after neighbourhood. The home features a renovated basement and a living area of 861 sqft, which is modest compared to area averages. The lot size of 3,668 sqft is also below the local norm, suggesting a lower-maintenance yard. It last sold in May 2019 for $210,000, with a current assessed value significantly lower, a point that warrants investigation.
This property would suit a first-time buyer, downsizer, or an investor looking for an entry point into the St. Boniface area without a premium price tag. Its smaller scale makes it manageable, while the renovated basement adds functional space. A thoughtful perspective is that its "below average" metrics in size and assessed value could represent an opportunity for those prioritizing location over square footage, or for a buyer comfortable with a home that offers cozier, more efficient living rather than expansive rooms.
Frequently Asked Questions
1. Why is the current assessed value so much lower than the 2019 sale price?
Municipal assessed value for tax purposes is not a direct indicator of market value and often lags behind. The assessment may be based on older data or different valuation models. The sale price from 2019 is a stronger benchmark for what a buyer was willing to pay at that time.
2. What does "renovated basement" typically mean for a home of this age?
In a 1922 home, this likely includes modernizing essentials like moisture control, insulation, electrical, and finishing. It's important to verify the scope, permits, and whether it created a legal secondary suite or simply added living and storage space.
3. The lot size is noted as "below average" for the street and area. Is this a major drawback?
Not necessarily. For many, a smaller lot means less yard work and lower maintenance. It still provides private outdoor space. The trade-off is less potential for large additions or sprawling gardens, which aligns with the home's compact, efficient profile.
4. Who might this home not be suitable for?
It may not suit a growing family needing multiple large bedrooms or abundant storage, or a buyer seeking a modern, open-concept layout, which can be difficult to achieve in a character home of this size and era without significant structural work.
5. The home ranks "below average" in several metrics. Is this a cause for concern?
These rankings are comparative, not qualitative. They indicate this is a more modest property within its context. For the right buyer, this translates to a more affordable entry into a desirable neighbourhood like St. Boniface, where charm and location can outweigh sheer size.