Property Overview
This one-storey home on a mature lot in Central St. Boniface presents a straightforward opportunity, particularly suited to specific buyer profiles. Built in 1949, it is notably newer than many homes on its street and in the immediate neighbourhood. The 4,184 sqft lot is close to the area average, offering a good balance of outdoor space without excessive maintenance. The home itself, with 1,015 sqft of living area, is modestly sized and reflected in its below-average assessed value for the area.
Its primary appeal lies in its land value and location within a historic, established community. The significant price increase from its 2021 sale suggests substantial renovation or redevelopment potential that has already been partially realized. This property would suit a value-conscious buyer, such as a downsizer seeking a manageable home in a central neighbourhood, or an investor/renovator looking for a lot with a solid, newer-vintage structure to update. It’s less suited for those seeking a move-in-ready, larger family home without project work.
Frequently Asked Questions
What does the "below average" assessed value indicate?
It primarily reflects the home's modest size and likely original condition relative to neighbours. It can signal a lower property tax burden and potential for value increase through updates, but a professional inspection is crucial to understand the home's current state.
The sale price history shows a huge jump from $37.8k in 2021 to $350k in 2024. What happened?
This dramatic increase strongly suggests a major renovation, an addition, or a change in the property's legal status (e.g., from a vacant lot or severely distressed building to a habitable home) between those dates. Reviewing the listing details and permits from that period is essential.
How does the 1949 build year compare to the neighbourhood?
It's a positive note. Being built in 1949 makes it younger than the average home on Des Meurons Street (avg. 1937) and in Central St. Boniface (avg. 1939), which can sometimes mean more modern construction materials and systems, though condition always varies.
Is the detached garage included?
The data specifies a detached garage, which is a valuable asset in this urban area. Buyers should verify its size, condition, and whether it's included in the sale.
Who are the most likely buyers for this home?
Given its metrics, the most natural fits are practical buyers: those looking to enter the St. Boniface area at a relative value, occupants planning to live on one level, or hands-on buyers who see the underlying lot and structure as a canvas for their own updates.