Property Overview: 342 Notre Dame Street, North St. Boniface, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1928, presents a distinct value proposition centered on its land. The 1,055 sqft house sits on a notably large 7,008 sqft lot, which ranks in the top 3% for size on its street. This creates a rare opportunity in the neighbourhood for outdoor space, gardening, or future expansion. The home’s assessed value of $264k is below the averages for both North St. Boniface and Winnipeg overall, suggesting a potentially accessible entry point into the market.
The appeal lies in this balance of a modest, character home with a generous, above-average parcel of land. It suits a practical buyer who values space and potential over immediate turn-key condition. This could be a first-time homeowner willing to grow into a property, a buyer looking for a long-term project with room to breathe, or an investor who recognizes the underlying value of the lot size relative to the price.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It often reflects the home’s age (98 years) and smaller living area compared to newer builds. The value appears aligned with similar homes on the same street, and the lower assessment can translate to relatively lower property taxes.
2. What does the "Elite" ranking for Land Area mean practically?
It means the lot is significantly larger than most on the block. This offers more privacy, yard space, and potential for additions, sheds, or landscaping that wouldn’t be possible on a standard lot.
3. The home is older than most in the area. What should I consider?
A 1928 home will likely have character but may require updates to mechanical systems (like plumbing or electrical) and insulation. A thorough inspection is essential to understand the condition and plan for any necessary maintenance or renovations.
4. How does the living space compare?
At 1,055 sqft, the house is compact and efficient. It’s slightly below the average for the immediate street but can be ideal for individuals, couples, or small families. The layout and flow of the rooms will be more important than the square footage alone.
5. Where can I get verified sales history for this property?
The public data does not show MLS sales history. You can request exact historical sales figures by emailing the site directly via the "Request exact figures by email" link provided; they will manually look up and provide the information.