Property Overview
This home at 121 Archibald Street in Winnipeg's North St. Boniface neighbourhood presents a specific and practical value proposition. Built in 1945, it’s a well-situated property that stands out more for its efficient use of space than for sheer size or modern luxury.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a generous lot and a manageable home footprint within a historic and established community. With a living area of 1,112 sqft, the house is notably larger than many on its street, ranking in the top 17% locally. This suggests a comfortable, above-average interior space for the immediate area. The lot size of 4,885 sqft is solid and provides ample outdoor potential.
Its assessed value of $247k is a defining characteristic. While this is around average for Archibald Street, it ranks in the top 84% for the broader North St. Boniface area and citywide, meaning it is significantly more affordable than most comparable homes in those wider circles. This creates an opportunity for entry into a sought-after neighbourhood at a below-average price point for the district. Recent sale history indicates steady appreciation.
This home would suit a pragmatic first-time buyer or an investor looking for a character home in a mature neighbourhood without a premium price tag. It’s also a fit for those who value a larger yard and see potential in a solid, older home that may benefit from updates over time. The data suggests it’s not the newest or most renovated house on the block, making it a candidate for someone with a vision for gradual improvement.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data indicates it is. The home’s assessed value is substantially below the average for both North St. Boniface and Winnipeg overall, while the house itself offers more living space than most on its street. This disconnect can represent a value opportunity in a well-located area.
2. What does the sale history tell us?
The property sold in 2021 and previously in 2019. The price range increased significantly between those sales, showing strong appreciation. This trend is a positive indicator of the property’s and area’s momentum.
3. How does the lot size compare?
At just under 5,000 sqft, the lot is a good size. It’s slightly below the street average but above the average for North St. Boniface, offering a very decent outdoor space for gardens, recreation, or expansion.
4. The home was built in 1945. What should I consider?
While the structure is from 1945, placing it below average in age for the street, this is typical for the neighbourhood. Buyers should budget for potential updates to older mechanical systems, windows, or insulation, which is common for homes of this vintage. A thorough inspection is advised.
5. How can I verify the exact past sale prices?
The site provides sold price ranges for context. Due to industry regulations, exact MLS sale figures are not displayed publicly here. You can request the exact historical sold prices by emailing the site directly for a manual lookup, which they provide as a free service.