Property Overview
This home at 525 Des Meurons Street in Central St. Boniface is a substantial two-and-a-half storey property built in 1947. Its primary appeal lies in offering significantly more space—both indoors and on the lot—than most comparable homes in its immediate area. With a renovated basement, a detached garage, and a large 5,924 sqft lot, it stands out for its generous proportions. The home recently sold for $520,000, a price that ranks well above average for the street and neighbourhood, reflecting its standout characteristics.
This property would best suit buyers looking for a established home with room to grow or breathe in a central, historic neighbourhood. It’s ideal for someone who values a larger private yard over a brand-new build, and for those who see the higher assessed value as a marker of the home's substantial footprint and perceived long-term stability in a desirable location.
Key Details & FAQs
What are the key features?
The home features 1,952 sqft of living space, a renovated basement, and a detached garage. It sits on a large 5,924 sqft lot, which is notably larger than most lots on its street and in St. Boniface.
How does it compare to other homes nearby?
The data shows this property ranks in the top tier for size and value within its local context. Its lot size is in the top 11% on Des Meurons Street, its living area is in the top 6%, and its recent sale price was in the top 4% for the street.
What does the assessed value indicate?
The assessed value of $53,500 is exceptionally high for the area (top 3% on the street). This typically reflects the property's large lot and living area relative to its neighbours, rather than just interior finishes, and often correlates with stronger long-term value retention.
Is the year built (1947) a concern?
While older than the city average, the home is actually newer than most on its street (top 8%), meaning the surrounding housing stock is of a similar vintage. This can be an advantage in a neighbourhood like St. Boniface, where character and consistency are valued.
Who might this property not suit?
It may not be the best fit for buyers seeking a modern, low-maintenance property or those with a tight budget, as the sale price commands a premium for its space. The older age also suggests potential for higher upkeep compared to a newer home.