Property Overview: 424 Notre Dame Street, Winnipeg
Key Characteristics & Appeal
This 900 sqft home, built in 1948 on a 4,767 sqft lot in North St. Boniface, presents a practical and straightforward opportunity. Its primary appeal lies in its relative affordability and positioning within a well-established neighborhood. With an assessed value of $271k, it sits below both the neighborhood and city averages, offering a more accessible entry point into the Winnipeg market.
The home suits first-time buyers or investors seeking a lower-cost footprint with renovation potential, given its age and smaller living area. A thoughtful perspective is its lot size, which is actually above average for its specific street, suggesting valuable outdoor space or future expansion possibilities not always found in similarly priced homes. Its "around average" rankings on its own street for key metrics indicate it fits comfortably within its immediate context, potentially offering a sense of consistency rather than standing out as an outlier. This isn't a luxury property, but a grounded option for those prioritizing location fundamentals and lot value over move-in-ready size or finishes.
Frequently Asked Questions
1. Is this home a good value compared to the area?
The data suggests it is priced below the North St. Boniface and Winnipeg averages for assessed value, indicating a potentially competitive entry point for the neighborhood.
2. What does the living area ranking mean?
At 900 sqft, the home is smaller than many in the wider city and neighborhood, but is closer to the average size for homes on Notre Dame Street itself. This points to a cozier, more efficient layout.
3. How reliable is the sold price data shown?
The displayed sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
4. The home was built in 1948. What should I consider?
While its age is typical for the street and area, prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, and consider an inspection essential.
5. The lot size seems larger than some neighbors. Is that an advantage?
Yes. The land area is above the street average, which can be a less obvious advantage. It may allow for more private outdoor space, gardening, or even future additions where zoning permits, adding long-term value.