Property Overview
This 1912 one-and-three-quarter storey home on De La Morenie Street in Central St. Boniface presents a specific and compelling opportunity. Its key appeal lies in its position as a modestly-sized, historic property on a smaller urban lot, offering a lower financial entry point into a well-established neighbourhood. The home features a detached garage and an unrenovated basement, indicating a property that retains its original character and provides a blank canvas for updates.
The home would suit a pragmatic first-time buyer, an investor looking for a rental property with a historic charm, or a hands-on individual seeking a project. Its below-average assessed value and sale price compared to the street, neighbourhood, and city suggest it is one of the more accessible properties in the area. A thoughtful perspective is that its smaller land footprint (2,962 sq ft) and living area (1,044 sq ft) translate to lower maintenance costs and property taxes, which can be a significant long-term advantage. The trade-off is less private outdoor space and room for expansion compared to area averages.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the center of the rooms. It offers functional upstairs space but with a more cozy, character-filled feel than a full two-storey.
2. The assessed value seems very low. Does this indicate a problem?
Not necessarily. The assessed value is consistently below averages for the street, area, and city, which primarily reflects the home's smaller size and more basic condition compared to peers. It's a signal of a property with a lower tax burden and price point, not automatically a red flag.
3. Who is responsible for the shared driveway mentioned in the nearby properties?
The listing shows several very close addresses (e.g., 1-552, 2-552 De La Morenie), suggesting a potential lane or shared driveway arrangement. A title search and specific inquiries with the seller are essential to understand any shared maintenance agreements or easements.
4. Given the age, what should I prioritize in an inspection?
For a 114-year-old home, focus on the foundation, structural integrity, roof, wiring, and plumbing. The "unrenovated basement" should be thoroughly checked for moisture, insulation, and the state of the mechanical systems. Its original condition can be an advantage, as any issues are not hidden behind finishes.
5. Is the low sale price from 2016 relevant today?
It provides historical context, showing the home's price trajectory, but it is not a direct indicator of current market value. The more relevant data points are the current assessed value and how recent comparable properties in St. Boniface have sold.