Property Overview & Key Characteristics
This one-and-a-half storey home at 429 Marion Street in Central St. Boniface presents a compelling opportunity centered on its generous lot and established neighbourhood. Built in 1946, the house itself offers 1,219 sqft of living space, which is average for the area, but its true standout feature is the 6,139 sqft lot. This places it in the top 17% for land size within the sought-after Central St. Boniface neighbourhood, offering significant outdoor space that is increasingly rare. The home includes a renovated basement and a detached garage.
Its appeal lies in a blend of location and potential. Situated on a historic and well-travelled street in St. Boniface, it provides walkable access to the area's distinct culture, amenities, and the river. The above-average lot size is a major asset, offering privacy, room for gardens, or future expansion. With a recently renovated basement, the property offers move-in-ready space while leaving room for the next owner to personalize the main living areas.
This property would best suit a buyer who values location and land over a modern, turn-key home. It's ideal for someone looking to put down roots in a character-rich community, whether a young family seeking space to grow, a DIY enthusiast interested in gradually updating a solid older home, or an investor recognizing the long-term value of a large lot in a prime area.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is significantly larger than average for Central St. Boniface, ranking in the top 17% of the neighbourhood. It offers roughly 1,500 more square feet than the local average, providing a substantial outdoor space.
2. What is the significance of the "assessed value" versus the last "sale price"?
The current assessed value is $29,600, while the home last sold for $32,200 in January 2022. It's important to note that assessed value is for municipal tax purposes and is not a direct marker of current market value. Consulting a local real estate professional for a current market evaluation is essential.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes with the municipality if considering rental income potential.
4. What are the considerations for a home built in the 1940s?
While the renovated basement is a positive update, a pre-purchase inspection is highly recommended. This can identify the condition of major aging components typical for the era, such as the roof, plumbing, electrical systems, and the foundation.
5. How does the living space compare to newer homes?
At 1,219 sqft, the living area is average for the street and neighbourhood. Buyers should consider that the layout and room sizes of a one-and-a-half storey home from this period may differ from modern open-concept designs, offering character but potentially less flexible space.