Property Overview: 433 St Jean Baptiste Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1945, sits on a generous 4,739 sqft lot in Central St. Boniface. With 1,180 sqft of living space, it offers a comfortable footprint that is consistently average-to-above-average when compared to its immediate street and neighbourhood. A key feature is the renovated basement, adding functional space, and the property includes a detached garage. The home last sold in February 2024 for $350,000.
Its primary appeal lies in its location and lot size within a historic and culturally vibrant community. The lot is notably larger than many in the immediate area, offering valuable outdoor space and potential in a mature neighbourhood. The home suits buyers looking for a character home in a well-established area who value a larger-than-average yard over a sprawling house. It would also appeal to a practical buyer who appreciates the recent basement renovation and the fact that the home’s metrics (size, value) align steadily with its surroundings, suggesting a stable, grounded investment without extreme outliers.
A less obvious perspective is that, while the home was built in 1945, it is actually newer than most on its specific street, ranking in the top 19% for year built locally. This suggests a blend of neighbourhood character with a relatively more modern foundation compared to its direct peers.
Section 2: Frequently Asked Questions
1. How does the lot size compare to other properties?
The 4,739 sqft lot is a standout feature, ranking in the top 42% on its own street and being larger than the average lot for both the street and the broader Central St. Boniface neighbourhood.
2. What is the significance of the home’s age in this context?
Built in 1945, the home is actually newer than many on its block. On St Jean Baptiste Street, it ranks in the top 19% for year built, meaning it is among the more recently built homes in that specific row of properties.
3. Has the property value increased?
The sale history shows a significant increase from its last sale price of $32,800 in 2019 to $350,000 in February 2024. This reflects broader market trends and specific improvements, like the basement renovation.
4. What are the benchmarks for "average" in this summary?
The averages and rankings are provided on three levels: compared to homes on the same street, within Central St. Boniface, and city-wide across Winnipeg. This gives a clear picture of how the property fits within its immediate micro-market versus the broader city.
5. What does the assessed value indicate?
The municipal assessed value is $35,900. It's important to note that this is for tax purposes and is consistently lower than the recent market sale price, which is common. The assessment ranks around average for the area, indicating the property is not an outlier in its municipal valuation context.