Property Overview
This one-storey home at 429 De La Morenie Street in Central St. Boniface is a compact, character property built in 1922. It sits on a roughly 3,900 sqft lot, which is a generous size for the area, and features a detached garage and a renovated basement. With 720 sqft of living space, it is notably smaller than most area homes. Its most recent sale was in early 2025, and its assessed value is below local averages.
Key Characteristics & Appeal
The primary appeal of this property lies in its location and lot size within the sought-after Central St. Boniface neighbourhood. The lot is above the city-wide average for similar homes, offering valuable outdoor space and potential in a mature, walkable community. The renovated basement adds functional living area, a significant plus for a home of this era. Its very modest assessed value and recent sale price suggest an accessible entry point into the market.
This home would best suit a minimalist buyer, an investor, or a first-time purchaser comfortable with a smaller footprint. It’s ideal for someone who prioritizes location and land over interior square footage, and who may see value in a home that presents as a long-term renovation project or a manageable rental opportunity. A thoughtful perspective is that its below-average metrics across price, size, and assessment could represent a lower property tax burden relative to the neighbourhood, which is an ongoing financial advantage.
Frequently Asked Questions
1. Is the house in move-in condition?
While the basement has been renovated, the main living area is 720 sqft in a home built in 1922. Buyers should be prepared for potential updates to the main floor’s layout, systems, or finishes to suit modern living.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects this specific home’s characteristics—its smaller size, age, and recent sale price—compared to the broader Winnipeg average, which includes many larger, newer homes. It is more in line with values for compact, older homes in its immediate area.
3. What is the potential for expansion or adding a second storey?
The generous lot size relative to the house footprint does create potential for an addition or renovation. Any plans would require a review of local zoning bylaws, heritage considerations common in St. Boniface, and obtaining the necessary permits.
4. How does the living area compare to nearby homes?
The living area is significantly smaller than most comparable homes on the same street and in Central St. Boniface, where averages are around 1,200-1,300 sqft. This is a key factor in its pricing.
5. What are the typical maintenance considerations for a home of this age?
As a home built in 1922, prospective buyers should budget for and inspect age-related items such as the foundation, roof, plumbing, and electrical systems, even with a renovated basement. The detached garage will also be of a similar vintage.