Property Overview: 101-737 St Joseph Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a 970 sqft condominium in North St. Boniface, built in 1997. Its key appeal lies in its position as a competitively priced entry point into the Winnipeg market, particularly within its immediate building and street. The assessed value of $227k is notably below the average for the North St. Boniface area, suggesting a value proposition for a buyer seeking location at a lower price point.
The unit’s living area is fairly typical for the city overall but is on the smaller side compared to other condos in North St. Boniface. This creates a specific dynamic: it suits buyers who prioritize affordability and location over square footage. The building itself is older than many in the immediate neighbourhood, which is reflected in the valuation. Ideal buyers would likely be first-time purchasers, downsizers, or investors looking for a lower-cost unit in a central, established area. A thoughtful perspective is that this property represents the "baseline" for the building—it offers the location and amenities of the address but may require compromise on space or updates compared to newer or renovated suites in the area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the North St. Boniface area average?
The data shows this is common for this specific building. At 29 years old, the building is older than 95% of comparable properties in North St. Boniface, and unit sizes within it are generally smaller than the area's average. The assessed value reflects these factors.
2. How recent is the sale price data, and how accurate is it?
A unit in this building sold between $200k-$250k in April 2022. The site notes this data is from public sources, not the MLS, and is presented as a range for non-members. For fully verified, exact historical prices, you must request a manual lookup via email.
3. What does the "ranking" information actually tell me?
The rankings compare this unit against "comparable homes" in three circles: its street, the North St. Boniface area, and citywide. For example, its assessed value ranks 16th out of 17 on its own street, indicating it's one of the most affordable units in the building—a useful insight for negotiating or understanding its relative position.
4. Are there many identical units in the building?
Yes. The listing shows four other units within the same building address (737 St Joseph Street) as the nearest properties, confirming this is a multi-unit condominium complex. It's advisable to research the condominium corporation's financial health and rules.
5. Is the sold price from 2022 still relevant today?
It serves as a historical benchmark, but market conditions have likely changed since then. It confirms the property's general price range from a few years ago. For a current market valuation, a comparative market analysis from a real estate professional is necessary.