Property Summary: 331 Notre Dame Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 331 Notre Dame Street in North St. Boniface is a character property with a practical layout. Built in 1910, it offers 1,240 sqft of living space on a 4,053 sqft lot, presenting a blend of historic charm and functional space. Its appeal lies in its relative value and established neighbourhood setting. Compared to other homes on its street, it provides above-average living space, ranking in the top 30%. Its assessed value of $289k is modest relative to wider city averages, positioning it as an accessible entry point into the Winnipeg market.
The property would suit a value-conscious buyer looking for a home with character in a mature neighbourhood, possibly a first-time homeowner or an investor. It’s noteworthy that while the home is older than most in the city, this can represent an opportunity for someone interested in a property with heritage features, provided they are prepared for the maintenance that comes with an older home. The recent sale in 2024 within the $200k-$250k range suggests it may be a competitively priced option for those seeking affordability over modern finishes.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,240 sqft, the living area is above average for Notre Dame Street itself (top 30%), and about average when compared to the broader North St. Boniface area.
2. Is the assessed value a good indicator of its market price?
The assessed value is $289k, which is below the city-wide average for homes. The property sold for between $200k and $250k in May 2024, indicating its market price may be significantly lower than its assessment, a point worth investigating further.
3. What should I consider about the age of this home?
Built in 1910, the home is notably older than most in Winnipeg (top 94%, meaning 94% of city homes are newer). Buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation.
4. How does the lot size impact potential?
The 4,053 sqft lot is around average for the street but below average city-wide. It provides adequate outdoor space but may have limitations for large additions or pools compared to newer suburban lots.
5. Where can I get verified sale price history for this property?
The site notes that exact sold prices are not displayed due to industry rules. You must request the exact figures via email for a manual lookup, as the data provided is from public, non-MLS sources.