Property Overview: 466 Notre Dame Street, Winnipeg
Key Characteristics & Appeal
This home at 466 Notre Dame Street in North St. Boniface presents a practical opportunity centered on value and lot size. Built in 1948, its 1,102 sqft living area is typical for the immediate street and neighborhood, offering a manageable footprint. The standout feature is the 5,134 sqft lot, which is notably larger than average for Notre Dame Street, providing above-average outdoor space or future expansion potential in a city-wide context where lot sizes are often smaller.
The home’s primary appeal lies in its value positioning. With an assessed value of $266k, it sits below the average for both the broader North St. Boniface area and Winnipeg overall. This suggests a potentially lower entry point into the neighborhood. A less obvious perspective is that this combination—a smaller, older home on a relatively large lot in a central area—often attracts two distinct groups: value-conscious buyers looking for a liveable home with renovation potential over time, and those viewing the property as a long-term land investment where the existing structure provides immediate utility.
It would suit a first-time buyer or an investor comfortable with a home of this vintage, prioritizing lot size over a modern or large interior. It’s less suited for someone seeking a move-in-ready, contemporary home or maximum interior space for the price.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. However, it shows this property is valued below area averages, which can indicate a competitive listing price. Always rely on a current market analysis from a real estate professional.
2. What are the implications of the home being built in 1948?
Homes of this age often have solid construction but may require updates to mechanical systems (like wiring or plumbing), windows, or insulation. A thorough inspection is essential to understand the condition and any needed investments.
3. The lot is larger than average for the street. What does that mean for me?
This could allow for more private outdoor space, gardening, or additions like a shed or deck. It may also offer future potential, but any expansion would be subject to local zoning bylaws and permitting.
4. The home last sold in April 2017. Why is that information shown?
Historical sold data provides context for market trends. The price range from 2017 ($200k-$250k) highlights how values have changed. For the most accurate and recent comparable sales, a manual lookup of exact figures is recommended.
5. Is the living area sufficient for a family?
At just over 1,100 sqft, the living area is modest by today's standards. It would likely suit a small family, a couple, or an individual comfortably. The larger lot can offset smaller indoor spaces by providing room for outdoor living.