Property Overview & Key Characteristics
This 1911 one-storey home in Central St. Boniface presents a distinct opportunity. Its primary appeal lies in its generous 2,774 sqft lot, which ranks in the top 5% of the neighbourhood for size, offering significant outdoor space and potential in a well-established area. The home itself is compact at 553 sqft, placing it among the smallest in the city, and features an unrenovated basement and a detached garage.
This property is best suited for a specific buyer: those with a clear vision for expansion or replacement, looking for a land-value play in a historic neighbourhood. It’s a canvas for a builder, a renovator looking to substantially add on, or an investor considering future development. The very low assessed value reflects the current state of the dwelling, not the land’s potential. A less obvious angle is its appeal to someone seeking minimal indoor upkeep with maximum private outdoor space, willing to live simply in the short term while planning for the future.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
The assessed value is primarily based on the existing, very small (553 sqft) and older home. It does not reflect the full market value, which would be heavily influenced by the desirable lot size and location.
2. Is this a "tear-down" property?
While the existing structure is small and dated, it is livable. However, the lot's size and ranking suggest the highest and best use may indeed be a significant renovation or complete rebuild to fully utilize the land.
3. What are the main considerations for expanding or rebuilding?
Key factors will be local zoning bylaws, heritage district regulations (if applicable in St. Boniface), and the costs associated with modernizing services for a larger footprint. The detached garage may also factor into site plans.
4. How does the lot size compare practically?
At 2,774 sqft, the lot is substantially larger than many in Winnipeg. This allows for a larger future home, a sizeable garden, and ample outdoor living space while still maintaining required setbacks.
5. What is the neighbourhood like?
Central St. Boniface is a historic, walkable francophone community with strong character. The property’s high lot-size ranking within it indicates you’re getting an above-average amount of land in a sought-after area.