Property Overview
This one-and-a-half storey home at 522 De La Morenie Street in Central St. Boniface presents a compelling opportunity centered on its generous lot and above-average living space for the area. Built in 1953, the home features an attached garage and a renovated basement. Its key appeal lies in its standout lot size of over 6,300 sq ft, which ranks in the top 3% on its street and the top 12% in the neighbourhood, offering rare potential for expansion, gardening, or outdoor living in this established community. With 1,704 sq ft of living area, the interior space is also notably larger than most comparable local homes. The property last sold in August 2023 for $57,500, with an assessed value of $47,800.
This home would suit a buyer looking for a solid foundation in a character neighbourhood, with the land to justify future investment. It’s ideal for someone with renovation or expansion plans who values outdoor space over a brand-new build. It also represents a practical entry into St. Boniface for those comfortable with a home of this vintage, offering more room both inside and out than is typical for the price point in this locale.
Frequently Asked Questions
How does the lot size compare practically?
The 6,338 sq ft lot is significantly larger than the neighbourhood average. This isn't just a statistical advantage; it translates to tangible privacy, space for a substantial garden, or a future addition like a large deck, workshop, or even a secondary suite (subject to zoning).
Is the renovated basement finished?
The listing notes a "renovated basement," but the specifics of the renovation are not detailed. Buyers should inquire about the scope—whether it includes moisture-proofing, legal egress, finished living space, or primarily updated mechanicals and storage.
What does the sale history indicate?
The recent sale in August 2023 for $57,500 suggests the property may have been purchased for renovation, investment, or land value. Understanding the context of that sale and any work done since is important for assessing its current value.
How does the assessed value relate to market price?
The assessed value ($47,800) is a municipal figure for tax purposes and is notably lower than the 2023 sale price. Market value is determined by current conditions, the property's unique lot size, and recent comparable sales, not the assessment.
What is the typical character of homes on this street?
With a Year Built ranking in the top 9% on its street, this 1953 home is actually newer than most of its immediate neighbours. This suggests a street of well-established, older character homes, with this property being one of the more recent builds in that context.