Property Overview
This 2023-built, two-storey home at 533 St Jean Baptiste Street in Central St. Boniface offers a rare combination of modern construction and established neighbourhood character. With 1,730 sqft of living space, it is notably larger than most comparable homes in the immediate area. The property sits on a 3,189 sqft lot, which is more compact than area averages, emphasizing the home itself as the primary asset. A key feature is the renovated basement, adding functional space. There is no garage or pool.
The appeal lies in its turn-key, modern condition within a historic and vibrant francophone community. It eliminates the concerns of older home maintenance while providing above-average interior space. The property suits buyers seeking a new or nearly new home in a walkable, culturally rich neighbourhood without a suburban footprint. It would also appeal to those who value statistical standout features, as its assessed value and sale price rank in the top tiers for the street and neighbourhood, suggesting a premium, well-regarded asset.
Frequently Asked Questions
How does the lot size impact the property?
At 3,189 sqft, the lot is smaller than many in St. Boniface. This means lower exterior maintenance but also limited private yard space. The value here is decisively in the new, spacious building itself, ideal for those who prioritize the home over the land.
What does the high assessed value indicate?
With an assessed value ranking in the top 3-4% for the area, it reflects the premium placed on its new construction and above-average living area compared to older homes nearby. It suggests the property is considered a high-value asset for tax purposes relative to its peers.
Is the lack of a garage a significant drawback?
This depends on lifestyle. For buyers accustomed to street parking or those with minimal storage needs, it may not be an issue. The renovated basement can offset some storage concerns. It’s a trade-off for the location and new construction.
Who might this property not suit?
It may not suit buyers seeking a large backyard, space for extensive landscaping, or those who require dedicated, enclosed parking. The compact lot and lack of a garage are clear considerations.
Given it was just built in 2023, why was it sold in 2024?
The brief ownership period could be due to many neutral factors, such as a job relocation, change in family circumstances, or an investor exiting the market. The solid sale price suggests it was not a distressed sale.