Property Overview: 209 La Verendrye Street, Winnipeg
Key Characteristics & Appeal
This home at 209 La Verendrye Street in North St. Boniface is a character property with early 20th-century origins, built in 1906. Its key appeal lies in its position as a relatively affordable entry point into a well-established neighbourhood. With 1,120 sqft of living space, the home offers a practical footprint that is quite average for its immediate street and area, suggesting a comfortable, manageable size.
The assessed value of $296,000 sits below the Winnipeg city-wide average for comparable homes, indicating a value-oriented opportunity. This is a home for a buyer who appreciates the history and mature streetscapes of older neighbourhoods and is potentially prepared for the maintenance or updates that can come with a century-old structure. The lot, while smaller than many in the area, provides outdoor space without being burdensome to maintain.
This property would best suit a first-time buyer, an investor, or a downsizer seeking character and location over modern size and finishes. Its value is grounded in its neighbourhood context rather than standout specifications, making it a pragmatic choice for those whose budget is aligned with the city's more modestly assessed homes.
Frequently Asked Questions
1. What does the "below average" year built ranking mean for me?
It confirms this is one of the older homes on the street and in Winnipeg. This often means charming architectural details, but it also warrants a particularly thorough inspection for the condition of foundational elements, plumbing, electrical, and insulation that may reflect its age.
2. The assessed value is below the city average. Is that good or bad?
It suggests the property is priced accessibly within the broader market, which can be an advantage for buyers. However, it's important to understand why. In this case, the age and smaller lot size likely contribute, so it reflects a trade-off between value, character, and potential renovation needs.
3. How useful are the lot size comparisons?
They show the property sits on a smaller parcel than most in St. Boniface. This is a practical positive for lower maintenance but a limitation if expansion or extensive outdoor living is a priority. It's a typical lot size for many older, inner-city neighbourhoods.
4. The home last sold in late 2021. What should I consider?
Market conditions have likely changed since then. Requesting the exact sold price (via the site's manual lookup service) would show the previous transaction value, helping you gauge current asking prices and market trends over the last few years.
5. Who should request the "exact sold price history"?
Any serious buyer should. The publicly displayed price range is a broad band. Getting the exact figure provides a concrete benchmark for negotiation and a clearer understanding of the property's recent market history, which is crucial for making an informed offer.