Property Overview
This is a compact, no-frills condominium unit in a 1985-built building on Goulet Street in Central St. Boniface. With 942 square feet of living space, no basement, and no private garage, it represents a practical, low-maintenance housing option. Its primary appeal lies in its location within a historic and culturally vibrant neighbourhood, combined with a very accessible price point for the area. The data shows its assessed value is below average for both the street and the neighbourhood, which can signal an entry opportunity, though it may also reflect the unit's specific features or the building's condition.
The unit would suit first-time buyers seeking a foothold in St. Boniface, downsizers looking to simplify without leaving the community, or pragmatic investors attracted by the lower entry cost. It’s less suited for those requiring private outdoor space, ample storage, or who prioritize newer building amenities. A thoughtful perspective is that while the unit itself is modest, ownership here is primarily an investment in the lifestyle and convenience of the St. Boniface location, with the understanding that the condo fees and building governance will play a significant role in the living experience.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the most critical question, as fees directly impact affordability and value. The listing does not include this information, so you must request a detailed breakdown from the seller or property manager to understand what maintenance, utilities, or reserves are covered.
2. How is the building managed, and what is its financial health?
Request to review the condo corporation’s status certificate, recent meeting minutes, and reserve fund study. This will reveal the building’s management quality, any pending special assessments, and its long-term financial planning.
3. Why is the assessed value significantly lower than the recent sale price?
The unit sold for $210k in 2023 but has a municipal assessed value of only $17.8k. This large discrepancy is normal; municipal assessments for tax purposes often lag behind and do not reflect current market value. The sale price is the true indicator of its recent market worth.
4. What are the parking arrangements?
With no private garage listed, confirm if there is dedicated surface parking, a rented spot, or only street parking. In a dense neighbourhood, guaranteed parking is a valuable commodity.
5. How does the lack of a basement or private storage affect livability?
Consider where you would store seasonal items, bicycles, or other belongings. You may need to factor in the cost of renting a nearby storage unit or confirm if any shared building storage is available.