Property Overview & Appeal
This home at 119 Archibald Street in North St. Boniface presents a distinct profile defined by its generous proportions and its position as a value-oriented opportunity. Its key characteristic is a notable disconnect between its spacious living area (1,351 sq ft) and its relatively low assessed value ($233k). The home is significantly larger than most on its street and in its immediate area, ranking in the top 11% locally for interior space. It sits on a sizable lot that is also above average for the neighbourhood. However, it is an older home, built in 1910, and its assessed value sits well below area and city averages.
The appeal lies in this potential value proposition: acquiring above-average square footage and land size at a below-average price point. It suits a specific type of buyer: those with a vision for renovation or restoration who are comfortable with the realities and costs of updating a century-old home. It’s a practical canvas for a hands-on buyer looking to build equity through improvements, or for someone prioritizing interior and outdoor space over modern finishes in a sought-after neighbourhood like St. Boniface.
Frequently Asked Questions
1. Why is the assessed value so much lower than area averages?
The primary factors are the home's age (1910) and the likelihood that its condition and systems reflect its era. Assessed value is based on market trends and property characteristics; an older home in need of updates will typically be valued lower than newer or recently renovated homes of similar size.
2. What are the implications of buying a home built in 1910?
While offering classic charm and sturdy construction, it necessitates a thorough inspection. Buyers should budget for potential updates to wiring, plumbing, insulation, and the heating system. Historical character often comes with the responsibility of modernizing core infrastructure.
3. The home sold in 2016. Is the price history available?
The exact sold price is not publicly displayed on this site. According to the data note, the sale fell within the range of CA$150,000–$200,000. You can request the exact historical figure via email from the site provider for verification.
4. How does the large lot size benefit me?
The above-average lot (5,869 sq ft) offers valuable outdoor space for gardens, recreation, or expansion. In a mature neighbourhood, larger lots are a finite resource and provide more privacy and potential than standard-sized parcels.
5. The rankings show the living area is large for the street but the value is low. Is this unusual?
Not necessarily. It highlights the property's specific situation: the asset is the space and the land itself, not the current finishes or condition. This dynamic is what creates the opportunity for a buyer to add value through strategic renovations, effectively "paying" for the structure and location while having the chance to increase the home's market worth over time.