Property Overview
This home at 202 Notre Dame Street in North St. Boniface presents a distinctive blend of historic character and substantial space. Its primary appeal lies in its exceptionally generous 2,240 sqft of living area, which ranks it in the top 2-6% of homes locally and citywide. This is paired with an above-average assessed value of $455k. The trade-off is its 1906 construction, meaning it is significantly older than most area homes and likely requires a buyer comfortable with the maintenance and potential updates of a 120-year-old property. The lot size is fairly typical for the immediate street.
The property would best suit a buyer looking for ample interior space in a historic neighbourhood, who values square footage over modern construction and is prepared for the realities of an older home. It’s a practical choice for someone who needs room but doesn’t require a large yard, and who sees the higher assessed value as a reflection of its substantial size rather than a premium for a renovated condition.
Frequently Asked Questions
1. How does the home’s age impact its value and appeal?
While the age places it in the oldest percentile of homes in Winnipeg, this also contributes to its potential historic character. The value is primarily driven by its large square footage, not its vintage, so buyers should budget for potential maintenance or updates specific to an early 20th-century build.
2. The assessed value is higher than many area homes. Is this just due to size?
Primarily, yes. The living area is more than double the average for Notre Dame Street. The assessment suggests the city views the combination of lot location and substantial building size as valuable, even if the structure itself is older.
3. What does the sold price history from 2016 indicate?
The previous sale in the $250k-$300k range nearly a decade ago shows significant appreciation in assessed value since then. This highlights the importance of a current inspection to understand the home's condition versus its paper value.
4. Is the lot size a limitation?
At just over 4,000 sqft, the lot is average for the street but below the city average. This suggests a focus on the interior living space rather than extensive outdoor amenities. It may be sufficient for a garden or patio but not for expansive additions.
5. Who would this property not suit?
It may not be ideal for buyers seeking a modern, low-maintenance home or those prioritizing a large, private yard. The data suggests it’s a specific fit for those who need significant indoor space and are prepared to manage an older asset.