Property Overview
This is a modest, one-storey home on a notably large lot in the sought-after Central St. Boniface neighbourhood. Built in 1944, its primary appeal lies in its location and land. The living space is compact at 596 sqft, but the property sits on a 5,814 sqft lot that is significantly larger than most in the immediate area, ranking in the top 10% for land size on its street. The home features a renovated basement and a detached garage.
Its character is one of potential rather than immediate move-in luxury. It suits a specific buyer: someone looking for an entry point into a historic, vibrant neighbourhood, who values outdoor space and the possibility of future expansion, renovation, or redevelopment more than existing square footage. It could also appeal to an investor seeking a land-value opportunity or a downsizer wanting a minimal footprint with a large private yard. The assessed and recent sale values are well below the city average, highlighting its status as a value proposition focused on location and lot.
Key Questions & Considerations
1. What does "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. It's essential to clarify the finish, ceiling height, legal egress, and whether it includes a separate entrance or rental potential.
2. How does the large lot impact costs and possibilities?
While a major asset, a lot of this size may come with higher property taxes than a standard lot. It also presents opportunities, but any future development (like an addition or garage suite) would require checking specific zoning bylaws and heritage guidelines for St. Boniface.
3. Why is the living area so much smaller than nearby homes?
The data shows this home's living area is among the smallest in the area. This isn't necessarily a drawback but defines the property. It suggests the original structure has been preserved, and any significant increase in living space would be a future project for the buyer.
4. Is the price driven mainly by the land?
Given the home's modest size and the sale price being below average, the valuation is likely anchored heavily in the land value. This is typical for older homes on large lots and means a significant portion of your investment is in the property, not the structure.
5. What is the true condition of the main floor?
With a renovated basement mentioned, the condition of the main living area (kitchen, bathroom, systems) becomes the critical question. A thorough inspection is advised to understand what updates are needed for the primary living space.