427 Bertrand Street

Property Overview

This is a compact, one-storey home built in 1941 on a standard city lot in Central St. Boniface. Its key feature is a renovated basement, adding functional space to the modest 430 sqft main floor. The property lacks a garage or pool. The data indicates it sits on a lot that is typical for the immediate street and neighbourhood but smaller than the Winnipeg average. Its most defining characteristic is its scale: the living area is notably smaller than most homes in the city, which is directly reflected in its assessed and recent sale value being significantly below area averages. This creates a specific niche appeal.

Key Characteristics & Appeal

The primary appeal of 427 Bertrand Street is its position as an accessible entry point into the established St. Boniface neighbourhood. It suits a very specific buyer: someone seeking minimal above-ground maintenance and lower property taxes, for whom the renovated basement provides crucial extra living or storage space. It could be ideal for a first-time buyer comfortable with a cozy footprint, an investor looking for a straightforward rental property, or someone looking to downsize dramatically without leaving the area. The value here is in location and lot potential, not in the size or condition of the existing structure. A thoughtful perspective is that this property represents a "blank canvas" opportunity on a decent lot in a desirable area, where the existing home may be valued more for the land it sits on than as a finished product.

Frequently Asked Questions

1. Is the 430 sqft living area accurate for the whole home?
Yes, that figure applies to the main floor above-ground living space. The renovated basement provides additional area, but specific square footage for it is not listed in the provided metrics.

2. Why is the assessed value so much lower than neighbourhood averages?
The assessed value is closely tied to the home's exceptionally small living area and modest characteristics compared to other homes in St. Boniface, which include larger, more updated properties.

3. What does the land size mean for potential expansion or renovation?
At 3,708 sqft, the lot is a standard city size for the area. It could accommodate an addition or future redevelopment, subject to local zoning bylaws and permits, which is a key part of the property's long-term value.

4. The home sold for $19.5k in 2022. What does that indicate?
Such a sale price, far below typical market values for habitable homes, strongly suggests the property was purchased as a land value proposition, likely for future investment, redevelopment, or as part of an estate transaction.

5. Who would this property not suit?
It would not suit buyers looking for a move-in ready family home with standard room sizes, those who require ample above-ground space, or anyone uncomfortable with a project or the potential for future redevelopment activity on neighbouring lots.