Property Overview: 502 De La Morenie Street, Central St. Boniface
Key Characteristics & Appeal
This is a well-maintained, century-old two-storey home in the heart of St. Boniface. Its key features include a renovated basement and a detached garage. With 1,163 sqft of living space, the home offers a comfortable, average-sized layout for the area. The lot, at 3,080 sqft, is more compact than many in Winnipeg, which translates to lower maintenance without sacrificing outdoor space.
The primary appeal lies in its location and value. Situated on a quiet street, it offers immediate access to the culture, dining, and pathways of historic St. Boniface. The data reveals a compelling point: its assessed value ranks significantly above average for both its immediate street and the broader neighbourhood, suggesting it is a well-regarded property in a desirable locale. The recent sale price closely aligns with this assessment, indicating a stable and justified market value.
This home would suit a first-time buyer or a downsizer seeking character and convenience over sheer square footage. It’s for someone who values walkability and community charm, and who sees a smaller, manageable lot as a benefit rather than a drawback. The renovated basement adds functional space, making it practical for a small family, a couple, or a home office.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
Not necessarily. While below the city average, the lot is typical for central, established neighbourhoods. It offers a private outdoor space with significantly less upkeep than a larger yard, which is a plus for many buyers today.
2. What does the "above average" assessed value ranking mean?
It indicates that, compared to similar homes on its street and in St. Boniface, this property is officially valued in the top tier. This often reflects a combination of its condition, improvements (like the renovated basement), and its specific location within the area.
3. Are there any concerns with a home built in 1923?
The home has clearly been maintained and updated, as evidenced by the renovated basement. Prospective buyers should always invest in a thorough inspection to understand the condition of major century-home elements like the foundation, wiring, and plumbing.
4. What is the benefit of a detached garage?
It provides secure storage and parking separate from the house. This can be a advantage for workshop enthusiasts or for those who simply prefer not to have vehicle fumes or noise attached to the home.
5. How does the living space compare to newer homes?
At just over 1,160 sqft, it is modest by modern suburban standards but is perfectly average for its neighbourhood. The layout in older homes is often efficient, and the character and location tend to compensate for not having expansive square footage.