Property Overview: 501 Des Meurons Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1945 on a notably generous lot in Central St. Boniface. Its primary appeal lies in the land itself—at over 5,300 square feet, the property offers significantly more outdoor space than most homes on its street and in the neighbourhood. The home is compact at 728 sq ft of living area, but it features a renovated basement, adding functional space, and a detached garage. The assessed value is relatively low compared to the Winnipeg average, suggesting a potentially accessible entry point into a mature, established area.
This property would suit a specific type of buyer: a land-value investor, a hands-on owner looking to build or expand in the future, or a minimalist seeking a smaller home with ample yard space in a central location. Its charm is not in its size or modern build, but in its underlying potential. The renovated basement adds immediate utility to the small main floor, while the large lot presents a long-term opportunity, whether for gardening, recreation, or redevelopment. It’s a property that asks for vision, appealing more to those who see what could be rather than only what currently is.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 728 sq ft, the main floor living area is well below average for the area. However, the renovated basement provides additional finished space, making the total usable square footage more practical for daily life.
2. What does the "above average" land size mean for me?
With a lot size in the top 25% on its street, you have more private outdoor space than most neighbours. This allows for larger gardens, storage sheds, play areas, or future additions where zoning permits.
3. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—namely, its smaller, older home—within its local market. It indicates a lower property tax base compared to newer or larger homes city-wide, which can be an advantage.
4. How does the age of the home (1945) affect things?
While the home’s systems and structure are older, the data shows it is actually around the average age for St. Boniface. This is typical for the character of the neighbourhood. A thorough inspection is crucial to understand the condition of the roof, wiring, plumbing, and foundation.
5. Who would this property not suit?
It likely wouldn’t suit buyers seeking a move-in-ready, spacious modern home without any projects. The combination of a smaller interior and an older build may require compromises or future investments for those needing ample room or contemporary finishes.