Property Overview: 458 Dumoulin Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 458 Dumoulin Street in North St. Boniface presents a practical and value-oriented opportunity. Built in 1931, its 1,056 sqft living space is modest but in line with the scale of the immediate neighborhood. The key financial characteristic is its assessed value of $255k, which sits notably below the average for comparable homes on its street, in the area, and across Winnipeg. This suggests a potentially lower property tax burden and an accessible entry point into the market.
Its primary appeal lies in this value proposition within a well-established community. The lot, while smaller than many at 4,035 sqft, offers manageable outdoor space. It suits first-time buyers or investors seeking a straightforward, lower-cost foothold in a mature neighborhood without the premium of a larger or fully renovated home. A thoughtful perspective is that this property may represent a "blank canvas" opportunity—its below-average metrics for value and land size could allow for future value addition through updates or efficient landscaping, provided the condition and renovation costs are carefully assessed.
Section 2: Frequently Asked Questions
1. What does the assessed value being "below average" really mean?
It means the city's assessment for this property is lower than most similar homes in its comparison groups. This typically correlates with a lower annual property tax bill, which is a recurring cost saving for the owner.
2. Is the smaller living area a concern?
At 1,056 sqft, it is compact. It is around the neighborhood average but below the citywide average. This suits simpler living needs and can mean lower heating and maintenance costs. It’s important to view the layout in person to see if the space is efficiently configured.
3. How does the 1931 build year affect the property?
A home of this age requires a diligent inspection. While it has character, potential buyers should budget for maintenance or updates to older mechanical systems, insulation, or windows. Its age is typical for the street but older than many citywide.
4. The home sold in 2016. What can that price tell me?
The sold price from 2016 (in the $200k-$250k range) provides a historical benchmark, but it does not reflect current market value. To understand its present worth, you should request the exact sale figures and compare them to recent sales of similar homes in North St. Boniface.
5. Who should request the exact sold price history and how?
If you are seriously considering this property, you should. The site notes that exact sold prices are not displayed publicly due to industry rules. You can use the "Request exact figures by email" function on the listing page to have the service manually look up and provide the precise transaction history, which aids in making an informed offer.