Property Overview
This is a compact, no-frills condominium unit at C-204 Goulet Street in Winnipeg's Central St. Boniface neighbourhood. Built in 1982, it offers 948 square feet of living space without a basement, pool, or private garage. The data presents a property that is consistently average or slightly below average for its immediate street and area in terms of size, assessed value, and building age, but holds its own more solidly in city-wide comparisons. Its appeal lies in its affordability and location, offering a practical entry point into a well-established, historically rich neighbourhood. The most recent sale in August 2023 was for $20,900, which is significantly lower than its previous sale in 2016, indicating a substantial shift in value or circumstance.
This unit would suit a very specific buyer: budget-conscious first-time purchasers, investors looking for a low-cost rental property, or individuals seeking a minimal-maintenance living situation who prioritize location over interior space or amenities. It is not a property for those seeking appreciation potential from modern features or square footage, but rather a functional solution based on cost.
Frequently Asked Questions
1. Why is the 2023 sale price so much lower than the 2016 price?
While the exact reason isn't stated, such a dramatic decrease often points to a significant change in the unit's status or condition. The most common explanations would be the conversion of the building to condominium ownership (where the 2016 price was for the whole building and the 2023 price is for an individual unit post-conversion) or a major issue that devalued the property.
2. What does "no basement" mean for storage and utilities?
All living space is on one level. You should inquire where mechanical systems (furnace, water heater) are located and where in-suite laundry would be possible. Storage will be limited to closets within the unit, so assessing your storage needs is crucial.
3. The data says it's "below average" for the neighbourhood. Is that a concern?
It reflects the property's specific characteristics. For its area, it is an older, smaller, and lower-valued unit. This isn't necessarily a defect—it directly enables its affordability. It means you're buying into the St. Boniface location without paying for above-average size or updates found in other area homes.
4. What are the implications of having "Garage: None"?
You will need to rely on street parking. It's important to check with the condominium corporation or city regarding parking permits, guest parking, and the typical availability of on-street spots, especially during winter parking bans.
5. Who manages the condominium corporation, and what are the fees?
This is the most critical question. The financial and operational health of the condo corporation is paramount, especially for a unit at this price point. You must review the status certificate, which details the reserve fund, monthly fees, rules, and any pending special assessments or major repairs.