Property Overview: 505 Des Meurons Street, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1945, is situated on a notably spacious lot in Central St. Boniface. Its land area of over 5,300 sqft places it well above average for both the immediate street and the neighbourhood, offering a substantial outdoor canvas rare for the area. The home itself features a renovated basement and a detached garage, with living space that is consistent with the local average. Recent sale history shows steady value appreciation.
The primary appeal lies in its lot size and location. It suits a buyer who values potential over perfection—someone looking for a character home in a historic, francophone-inspired neighbourhood with the room to garden, expand, or simply enjoy more private outdoor space than most urban lots provide. It’s a practical choice for a hands-on owner, an investor eyeing the land value, or a small household wanting to grow into the property over time. The data suggests it’s a competitively priced entry into a sought-after area, where the land itself is a significant asset.
Frequently Asked Questions
1. Is the lot size unusual for St. Boniface?
Yes. The property ranks in the top 25% for land area on its own street and the top 29% in Central St. Boniface, meaning it's significantly larger than many neighbouring lots. This is one of its standout features.
2. What does the sale history indicate?
The home sold for $23.8k in 2016 and $31.5k in 2021. This indicates a noticeable increase in value over that five-year period, suggesting a positive trajectory in a stable market.
3. Who might this property not suit?
It may not suit buyers seeking a modern, turn-key home or those unwilling to consider updates, as a house from 1945 will likely have older components. It's also less ideal for those who prioritize a massive interior, as the living area is average for the locale.
4. How does its value compare to the wider city?
The home’s assessed value is around average for Winnipeg. However, this can be misleading; you are acquiring an above-average lot in a prime neighbourhood for a city-average price, which is a key nuance.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on the same street, indicating a tight-knit, established streetscape. This often translates to a stable, residential feel with long-term neighbours.