Property Overview
This two-storey home at 470 Goulet Street in Central St. Boniface presents a compelling blend of modern convenience and significant future potential. Built in 2014, it offers move-in-ready condition without the concerns of an older home. Its standout feature is the exceptionally large 11,016 sqft lot, which ranks in the top 5% locally and provides rare space for expansion, gardening, or recreation in the city. The home itself, at 1,116 sqft of living space, is comfortably sized for a small family or couple. A detached garage and an unrenovated basement add functional space and future customization options.
The appeal lies in securing a relatively new home on a premium-sized lot in a well-established neighbourhood. It suits first-time buyers looking for a solid, low-maintenance starter home without sacrificing outdoor space, or investors/visionaries who see the long-term value in the land itself. The unrenovated basement is a blank canvas, allowing the next owner to add value according to their own needs and budget.
Frequently Asked Questions
1. What is the true highlight of this property?
While the house is modern and in good condition, the defining asset is the land. The lot size is exceptionally large for Winnipeg and particularly for St. Boniface, offering a level of privacy and possibility that is increasingly rare.
2. Who would this home best suit?
It's an ideal fit for buyers who prioritize land size and future potential over immediate square footage. It works well for a small family, a couple planning ahead, or a buyer who views the basement and yard as projects to increase the home's value over time.
3. How does the lot size compare to nearby properties?
The data shows this property's land area is in the elite top 1% within Central St. Boniface, meaning it is significantly larger than the vast majority of comparable neighbourhood lots.
4. What should I know about the basement?
The listing notes the basement exists but is "not renovated." This means it is likely unfinished or partially finished, presenting both a cost and an opportunity to customize the space to your specific requirements.
5. How does the sale price compare to its assessed value?
The home sold for $430,000 in May 2023, which is substantially higher than its last assessed value of $41,600. This is normal, as assessed values for tax purposes often lag behind current market values, and the sale price reflects the actual market conditions at the time.