Property Overview
This 1913 one-and-three-quarter storey home on a quiet street in Central St. Boniface presents a specific and compelling opportunity. Its key appeal lies in its position as a modest, historically grounded property in a cherished neighbourhood. With a recently renovated basement and a detached garage, it offers functional basics on a smaller, manageable lot. The home’s living space is typical for the area, but its standout characteristic is its notably low assessed value, which places it well below averages for the street, neighbourhood, and city.
This property would suit a pragmatic first-time buyer, an investor looking for an entry point into a stable neighbourhood, or someone seeking a minimalist footprint without sacrificing location. Its lower price point must be balanced with the understanding that it is an older home on a smaller parcel of land. A thoughtful perspective is that this isn't a "fixer-upper" in the typical sense—it's a fundamentally modest property. Its value is less about transformation and more about providing affordable, no-frills access to a walkable, culturally rich community like St. Boniface.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on specific property characteristics. Here, the combination of a smaller lot size, older age, and modest living area relative to other homes in St. Boniface results in a lower valuation compared to neighbourhood averages.
2. What does "one-and-three-quarter storey" mean for the layout?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating some rooms with sloped ceilings. It often provides cozy, character-filled upper-level bedrooms but may have less full-height square footage than a true two-storey.
3. Is the small lot size a major drawback?
It depends on your priorities. The lot is significantly smaller than most in the area, limiting expansive outdoor space. However, this means less maintenance and can be a benefit for those seeking a low-upkeep yard, provided outdoor privacy isn't a primary requirement.
4. The home was built in 1913. What should I be mindful of?
While the basement is noted as renovated, a home of this age will have older core systems (like plumbing and electrical) and structure. A thorough inspection is essential to understand the condition of these elements beyond the renovated spaces.
5. How does the recent sale history influence the current value?
The home sold for $20,500 in 2016. This historical price, significantly below the current assessed value, primarily provides context on its previous market position. The current value will be determined by present market conditions, the property's state, and its assessed valuation.