Property Overview
This is a well-situated, renovated one-storey home on a generous lot in Winnipeg's Central St. Boniface neighbourhood. Built in 1947, the property features a detached garage and a renovated basement. Its key appeal lies in the combination of a prime, established location and a home that presents as a manageable, updated canvas. While the living space is compact at 952 sqft, the nearly 4,744 sqft lot offers significant outdoor space and potential. The home last sold in July 2020 for $300,000.
Section 1: Key Characteristics & Appeal
- The Fundamentals: This is a classic post-war bungalow on a large, deep lot—a hallmark of the area. The home itself is modest in size but benefits from a renovated basement, adding functional living space. A detached garage provides utility or storage.
- Where the Appeal Lies: The value proposition is centered on location and lot size. You're purchasing a foothold in a sought-after, historic neighbourhood with more land than many newer infill properties. The renovations to the basement suggest the home is move-in ready, avoiding major immediate projects. For the right buyer, the smaller main-floor footprint could be seen as efficient and easier to maintain.
- Ideal Buyer Profile: This property would suit a first-time buyer, a downsizer, or an investor looking for a solid entry into St. Boniface. It's ideal for someone who prioritizes location and outdoor space over a large interior. The layout and lot also hold appeal for those with a vision for future expansion, subject to local regulations.
Section 2: Frequently Asked Questions
1. Is the lot size typical for the area?
Yes, the lot is just below the average size for Jeanne D'Arc Street itself and is actually slightly larger than the neighbourhood average for Central St. Boniface. The large lot is a key feature of this property.
2. How does the 2020 sale price compare to the assessed value?
The home sold for $300,000 in 2020, which is significantly higher than its current assessed value of approximately $33,100. It's important to understand that municipal assessed value for taxation purposes is not a direct indicator of current market value.
3. The living area seems small. How does it compare?
At 952 sqft, the above-ground living area is notably smaller than most comparable homes on its street, in the neighbourhood, and across Winnipeg. This confirms the home is a compact bungalow, with the renovated basement providing additional space.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify with the selling agent to understand the quality of the renovation and if it includes legal secondary suites or additional bedrooms.
5. The home was built in 1947. Should I be concerned about its age?
The build year of 1947 is actually newer than many homes on its street and in central St. Boniface. While older homes require diligent inspection for foundational, electrical, and plumbing systems, this property is not unusually old for this character neighbourhood.