Property Overview: 479 De La Morenie Street, Winnipeg
Key Characteristics & Appeal
This one-storey home, built in 1925, is a classic Central St. Boniface property that balances historic charm with practical updates. Its key features include a renovated basement and a detached garage on a standard city lot of approximately 3,903 sq ft. With 1,085 sq ft of living space, the home offers a comfortable footprint that is typical for the area.
The primary appeal lies in its established, central location within a historic neighbourhood. The data suggests it’s a solidly average property within its immediate context—neither the largest nor the newest on its street, but consistently positioned in the middle of the pack for lot size, living area, and assessed value relative to its neighbours. This indicates a stable, predictable investment within a mature community. The renovated basement adds functional living space, a valuable asset in a character home.
This property would suit a first-time homebuyer or a downsizer seeking an entry into St. Boniface without the premium often attached to fully modernized or larger historic homes. It’s also a practical choice for a value-oriented buyer who appreciates a neighbourhood’s character over a brand-new build and is comfortable with a home that has a story. A thoughtful perspective is that its "average" metrics within an above-average neighbourhood can represent a smart compromise, offering location benefits while leaving room for future personalization.
Frequently Asked Questions
1. How does the lot size compare to others?
At 3,903 sq ft, the lot is very close to the average for both De La Morenie Street and the wider Central St. Boniface area. It is a standard city lot for the neighbourhood.
2. What should I know about the home’s age?
Built in 1925, the home is older than the Winnipeg citywide average. While it has seen updates like a basement renovation, prospective buyers should factor in the maintenance typical of a century-old structure.
3. Is the assessed value a good indicator of the sale price?
The last recorded sale was in September 2020 for $300,000. The current assessed value is $33,900. In Manitoba, assessed value is for tax purposes and is typically far below market value. The 2020 sale price is a more relevant benchmark, though market conditions have likely shifted since.
4. How does the living space feel for a one-storey home?
At 1,085 sq ft, the living area is slightly below the average for the street but standard for the style. The renovated basement effectively increases the usable space, which is a key consideration for overall livability.
5. What does the "average" ranking mean for this property?
The consistent "around average" rankings across key metrics for the street and neighbourhood suggest this is not an outlier. It indicates a property that is competitively aligned with its immediate peers, which can provide stability and reduce surprises when comparing it to nearby homes.