Property Overview
This is a compact, one-storey home built in 1930 on a standard city lot in Central St. Boniface. Its key appeal lies in its renovated basement and detached garage, offering functional space beyond its modest 749 sqft main floor. The home presents a clear value proposition, with a recent sale price and assessed value significantly below area averages. It suits first-time buyers, downsizers, or investors seeking an affordable entry into a well-established neighbourhood. The property is less about grandeur and more about practicality and potential, offering a manageable footprint with some updated essentials.
Frequently Asked Questions
1. Is the house too small for a family?
At 749 sqft of living area, the main floor is compact. Its suitability depends on the family's size and lifestyle. The renovated basement provides crucial additional space, making it a candidate for a small or young family comfortable with efficient living, or for those planning a future main-floor expansion.
2. Why is the assessed value so much lower than the sale price?
The assessed value for taxation purposes ($25,600) is not a market valuation. The 2021 sale price of $250,000 is the relevant market indicator. This large discrepancy is common and reflects different valuation methods and timelines, not an error.
3. What does the "below average" ranking for land size mean?
The lot is 3,189 sqft, which is smaller than many in St. Boniface but is still a standard city lot. It offers adequate outdoor space for a garden or patio without the maintenance burden of a larger yard. This can be a positive for those seeking a lower-maintenance property.
4. Are older homes like this a concern?
Built in 1930, the home will likely require ongoing maintenance typical of its age. However, its year-built ranking is around average for the immediate street and neighbourhood, meaning the area is accustomed to and often values the character of homes from this era. A thorough inspection is always advised.
5. How does the detached garage add value?
In a dense, older neighbourhood, a detached garage is a significant asset for secure parking, storage, or as a workshop space. It adds practical utility that many nearby properties may lack, offsetting some of the home's smaller interior square footage.