54 Georges Forest Place

Property Summary: 54 Georges Forest Place

Key Characteristics & Appeal

This home is a well-positioned property in Central St. Boniface, built in 2003. Its key features include an attached garage and a renovated basement. The data reveals a home that stands out within its historic neighbourhood context. While its lot size and living space are generally average compared to its immediate street, it ranks significantly above neighbourhood averages for year built, living area, and assessed value. This suggests a more modern and spacious home relative to many in the broader St. Boniface area, which is characterized by older housing stock.

The appeal lies in this balance: it offers modern comforts and space within a mature, sought-after community. It suits buyers looking for a turn-key home in St. Boniface without the renovation challenges common to older properties. It would particularly fit growing families or professionals who value a newer build but want the established character and amenities of a central neighbourhood. A thoughtful perspective is that the above-average rankings for the area indicate a property that may hold its value well, acting as a modern anchor on a street with varied home ages.

Frequently Asked Questions

1. How does this home compare to others in St. Boniface?
The home is notably newer and larger than the typical St. Boniface property. It ranks in the top 17% for living area and the top 6% for year built within the neighbourhood, offering modern advantages in a historic area.

2. Is the lot size a constraint?
The 5,500 sqft lot is around the city-wide average. On its own street, it's slightly below the group average but still provides a standard urban yard. It’s a manageable size for maintenance while offering private outdoor space.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. This would be a key detail to clarify with the selling agent to understand the home's full living space and functionality.

4. How is the assessed value of $57.20k reconciled with the last sale price of $450k?
Manitoba uses a market value assessment system where the assessed value is a percentage of the estimated market value. The $57.20k assessment is not the home's price. The 2016 sale at $450k and its ranking in the top 14% of neighbourhood sale prices are better indicators of its market value.

5. Are properties on this street similar?
The street has a mix, with homes built from the early 2000s onward. This property is above the street average for year built. The variation suggests a streetscape without uniform character, which can be appealing for those not seeking a cookie-cutter subdivision feel.