Property Overview
This home at 201 Dumoulin Street in North St. Boniface is a study in contrasts, defined by its historical roots and its position as a more affordable entry point in its market. Built in 1895, it is one of the oldest homes on its street and in the wider city, offering a rare piece of Winnipeg's architectural history. With 935 sqft of living space, it is moderately sized for the immediate area but smaller than the citywide average. Its assessed value of $241k is notably below average for its street, neighbourhood, and the entire city, indicating a lower property tax base. The lot size is also compact compared to peers.
The primary appeal lies in its value proposition and character. It suits a first-time buyer, an investor, or someone seeking a lower-cost foothold in a well-established neighbourhood like North St. Boniface. It's a practical choice for those who prioritize financial accessibility over square footage and who are prepared for the unique considerations of owning a century-old home. A thoughtful perspective is that this property represents an opportunity to own a home with genuine historical fabric, which is increasingly rare, albeit with the understanding that its age and smaller lot may limit expansion potential compared to more modern properties nearby.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessment reflects a combination of the home's smaller size (both living area and lot), its age, and likely its current condition and market position. It consistently ranks in the bottom 15-20% of comparable properties for assessed value across all comparison levels.
2. What should I know about owning a home built in 1895?
While full of character, a home of this age requires a diligent inspection. Prospective buyers should pay special attention to the foundation, plumbing, electrical systems, and insulation, as these may have been updated over decades to varying standards. Ongoing maintenance may differ from a newer build.
3. Is there room to expand or renovate on this lot?
The lot is 3,423 sqft, which is the smallest on Dumoulin Street and below average for the area. This may limit possibilities for large additions or detached structures. Any expansion plans would need to carefully consider setback requirements and the existing footprint.
4. How does the recent sale history inform the current value?
The home has sold three times since 2017, each time within the $150k-$250k range, with the last sale in July 2024. This pattern suggests a stable, lower-tier price point for the area, reflecting its consistent positioning as a more affordable option.
5. The data shows the living area is "around average" for the street but "below average" citywide. What does this mean?
This highlights that North St. Boniface has a stock of generally smaller, older homes compared to the Winnipeg average. The home's size is fairly typical for its specific historic neighbourhood context, but would be considered compact if compared to post-war suburbs or newer developments across the city.