Property Overview
This 1918 one-and-a-half storey home in Central St. Boniface presents a distinct opportunity. Its primary appeal lies in the combination of a generous, renovated living space on a well-established street, all at a value-conscious price point. With 1,664 sqft of living area, the home offers significantly more interior space than most comparable properties on its street and in the wider neighbourhood. It sits on a 3,902 sqft lot and features a detached garage and a renovated basement.
The property suits practical buyers looking for character-home space without a premium price tag. It’s ideal for someone who values interior square footage and modernized basics (like the basement) over a large yard or a newer build. The below-average assessed value citywide suggests a potentially manageable tax burden and an entry point into a mature community. A thoughtful buyer will see past the older build date (1918) and recognize the value of the above-average living space that has already seen key updates.
Key Questions & Answers
1. What does the "renovated basement" likely include?
While specifics aren't listed, a noted renovation in a home of this era typically addresses foundational concerns like moisture control, insulation, and electrical updates, potentially creating a finished or semi-finished functional space. It’s a key upgrade that adds practical living area.
2. How does the lot size impact this property?
At 3,902 sqft, the lot is smaller than the Winnipeg average but typical for central St. Boniface. This means lower outdoor maintenance but also limited space for expansions like a large addition or pool. The value here is focused on the house itself and its location.
3. The home is older—what should I consider?
Built in 1918, the core structure is over a century old. While the renovated basement is a plus, a pre-purchase inspection is essential to understand the condition of original elements like the roof, plumbing, wiring, and foundation. Its age contributes to its character but requires diligent upkeep.
4. Why is the assessed value relatively low?
The assessed value is below the citywide average, reflecting factors like the home's age, the lot size, and the neighbourhood's established character. This can be an advantage, potentially leading to lower property taxes compared to a newer home with the same living space in a different area.
5. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout or a large, private yard. Those preferring a brand-new build without the potential for older-home maintenance, or investors seeking a property with a high land-to-building ratio for redevelopment, might find other options more fitting.