424 Bertrand Street

Property Overview: 424 Bertrand Street, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1941 on a modest lot in Central St. Boniface. Its key characteristic is its efficiency: with 604 sqft of living space and a renovated basement, it offers a simplified, low-maintenance footprint. The appeal lies in its position as an accessible entry point into a mature, established neighbourhood. The home last sold in 2021 for $28,300 and carries a low assessed value, indicating a potentially lower property tax burden and a straightforward investment.

It would best suit a specific type of buyer: a first-time purchaser or an investor seeking a manageable rental property, both of whom prioritize location and fundamentals over size. It’s not a home for those needing ample space, but rather for those who see value in a renovate-as-you-go opportunity or a solid tenant-occupied asset. A thoughtful perspective is that its below-average metrics in size and value, within a neighbourhood of larger, higher-value homes, present a unique chance to own in a desirable area without the typical price tag, focusing the investment on the land and location rather than the structure.

Frequently Asked Questions

1. Is the home truly move-in ready?
While the basement is noted as renovated, the overall condition of the main living area is not detailed. Given the age and size of the home, buyers should be prepared for potential updates to systems, insulation, or finishes to meet modern standards.

2. What does the "renovated basement" include?
The listing does not specify the extent of the renovation. It could range from basic finishing to a fully legal secondary suite. This is a key detail to verify, as it significantly impacts the home's utility and value.

3. Why is the assessed value so much lower than area averages?
The low assessed value is consistent with the home's significantly smaller size and basic characteristics compared to area averages. It primarily reflects the municipal valuation of the property for tax purposes, not necessarily its potential market sale price.

4. Is there potential for expansion or adding a garage?
The lot is smaller than most in the area, which may limit options for major additions or building a detached garage. Any expansion plans would need to carefully consider lot coverage bylaws.

5. What is the neighbourhood vibe on this specific street?
Being on a street with closely spaced homes of similar vintage, it likely offers a quiet, residential feel. Reviewing the nearby property addresses suggests a consistent streetscape, which can contribute to stable property values.