Property Overview
132 Notre Dame Street is a 720 sqft home built in 1946, situated on a 5,004 sqft lot in Winnipeg's North St. Boniface neighbourhood. Its assessed value is $268,000.
Key Characteristics & Appeal
This home presents a specific value proposition centered on its generous lot size relative to its immediate area. While the living space is notably compact compared to most homes on the street, in the neighbourhood, and across the city, the property compensates with a lot that is larger than average for Notre Dame Street. This creates a distinct dynamic: a modest, older house with significant outdoor space potential in a well-established community.
Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for those who prioritize land over interior square footage. The assessed value sits comfortably below the averages for both North St. Boniface and the wider city, suggesting a lower property tax burden and an accessible price point.
This property would best suit a practical first-time buyer, an investor looking for a land-value play, or a hands-on individual willing to live modestly while potentially expanding the home or developing the lot in the future. It’s less suited for those seeking move-in-ready, spacious interiors without a renovation project.
Frequently Asked Questions
1. Is the house too small for modern living?
At 720 sqft, the living area is significantly below local averages. It would require efficient use of space and is likely best for one or two people unless renovated to expand.
2. Why is the assessed value lower than neighbourhood and city averages?
The lower assessment primarily reflects the home's smaller size and older age compared to many area properties. This can be an advantage for keeping property taxes relatively lower.
3. What are the real advantages of the larger lot?
Beyond simple yard space, a larger lot on a street where lots are typically smaller offers rare potential for additions, gardening, or future redevelopment, which is a key long-term value driver for this property.
4. How does the 1946 build year affect the home?
Homes of this age often have solid construction but will likely require updates to mechanical systems, insulation, and windows. A thorough inspection is essential to understand the condition and modernization needs.
5. Where can I find verified past sale prices for this home?
The site provides estimated sold price ranges. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.