255 Dumoulin Street

Property Overview: 255 Dumoulin Street, North St. Boniface, Winnipeg

Section 1: Key Characteristics & Appeal

This is a substantial, well-established home in North St. Boniface, distinguished by its significant size and premium lot. Built in 1941, the property’s primary appeal lies in its generous scale: with over 3,150 sqft of living space, it ranks in the top 1% of homes in Winnipeg for size. This is complemented by a nearly 8,000 sqft lot, which places it in the top 7% locally for land area, offering rare potential for gardens, expansion, or outdoor living in the city.

Its assessed value of $723k reflects its elite standing, placing it in the top 2% on its street and top 5% in the neighbourhood. This positions the home not just as a living space, but as a capital asset that significantly outperforms local and city-wide averages. The recent sale in August 2024 within the $600k-$650k range suggests a market transaction that acknowledges this premium.

The property would best suit buyers looking for established character and space—growing families, multi-generational households, or those who value ample room for work, hobbies, or entertaining. It appeals to a buyer who appreciates a home with a strong, quantifiable stature in its community and the privacy afforded by a large lot, rather than seeking a new build or a minimalist footprint.

Section 2: Frequently Asked Questions

1. How does the home’s age (1941) affect its value and appeal?
While its 1941 build date is older than the city average, it is actually around the median for the historic Dumoulin Street area. This suggests the home is part of the neighbourhood’s original fabric. Buyers should anticipate the character and potential maintenance considerations typical of a well-built, 85-year-old home, balanced by the enduring value of its location and lot.

2. The assessed value is $723k, but it sold for an estimated $600k-$650k. Why the difference?
Municipal assessed value for taxation purposes and market sale price are determined by different methods and timelines. The sale price reflects the current market agreement between a specific buyer and seller, while the assessment is an administrative valuation. The sale price falling within this range still confirms the home transacted as a premium property, well above area averages.

3. What does ranking in the "top 1%" for living area actually mean?
This data-driven ranking means that out of nearly 200,000 comparable homes across Winnipeg, only 1% are larger. It quantifies that this is one of the most spacious homes available in the city, a key differentiator for buyers prioritizing size over newer construction.

4. Is the large lot size typical for the area?
No. With 7,965 sqft, this lot is in the top 7% for North St. Boniface, where the average is about 5,130 sqft. It offers significantly more outdoor space than most neighbouring properties, which is a rare and fixed asset that cannot be replicated.

5. How can I verify the exact sale price from August 2024?
The provided price range is based on publicly available data. Due to industry regulations, exact MLS sale prices are not published on this site. You can request the exact figures via email from the source, which they will provide through a manual lookup process.