Property Overview: 422 Bertrand Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1941 on a standard city lot in Central St. Boniface. Its key characteristics are its modest 690 sqft living area, an unrenovated basement, and no garage. The appeal lies primarily in its location within a historic and vibrant neighbourhood, combined with a relatively accessible price point. The lot size, while below average for the city, is typical for the immediate area.
This property would best suit a specific type of buyer: a first-time homebuyer or an investor looking for an entry point into the St. Boniface market. It's a straightforward, no-frills home where value is derived from location rather than size or finishes. For the right buyer, it represents a canvas—a chance to build equity through gradual updates. A less obvious perspective is its potential as a long-term hold in a centrally located neighbourhood where land value is a significant component, even if the current structure is humble.
Section 2: Frequently Asked Questions
1. Is the basement finished or usable?
No, the basement is noted as "not renovated." Buyers should budget for any desired improvements to make it a functional living or storage space.
2. How does the property compare in size to others?
The living space is notably compact, ranking below average for the street, neighbourhood, and city. This is a smaller home, emphasizing efficient use of space.
3. What does the sale history indicate?
The home sold very recently in July 2024 for $280,000, a significant increase from its previous sale price of $21,300 in 2019. This suggests a major change in condition or valuation occurred in that period.
4. Is the assessed value a good indicator of the sale price?
Not in this case. The assessed value is listed at approximately $24,700, which is drastically lower than the recent sale price. Relying on the assessed value for an offer would be misleading; the market has clearly established a different value.
5. What are the parking options?
The listing specifies there is no garage. Parking would be dependent on on-street availability, which is an important consideration for potential residents.