Property Overview
This home at 495 Notre Dame Street in North St. Boniface presents a specific and compelling value proposition. Built in 2007, it is a notably modern residence compared to most in its immediate area, where the average home is decades older. With 795 sqft of living space, it is compact—significantly smaller than area averages—but sits on a standard city lot. Its assessed value of $345k is above average for its street, indicating it is a higher-tier property in its direct locale, yet it remains around the average mark for the wider neighborhood and city.
The appeal here lies in acquiring a relatively new, low-maintenance home in an established neighborhood without the premium price typically associated with newer construction in Winnipeg. It suits first-time buyers, downsizers, or investors seeking a modern property that compares favorably to its older neighbors on the same block. A thoughtful perspective is that its smaller size and newer build may offer significantly lower ongoing maintenance costs and heating bills than larger, older homes nearby, which is a practical long-term advantage.
Frequently Asked Questions
Is this house significantly smaller than others in the area?
Yes. At 795 sqft, the living area is below the average for the street, neighborhood, and city. This makes it a more compact, efficient layout suited for simpler living.
Why is the assessed value higher than the street average if the house is smaller?
The assessed value reflects multiple factors, with the modern build year (2007) being a major contributor. Its newer systems, construction, and likely better condition justify a higher value than older, potentially larger homes on the same block.
What is the likely price range based on past sales?
The property last sold between $300k and $350k in late 2020. Given the assessed value and market changes, this provides a historical benchmark, but a current market evaluation is essential for today's price.
How can I get the exact past sold prices?
The website does not display MLS sold records. You can request the exact sold price history by emailing them directly; they will provide the figures manually without using your email for marketing.
What are the less obvious pros and cons of this property?
A key advantage is the potential for lower immediate upkeep due to its age. A consideration is that its above-average value for the street might mean less relative appreciation if the older homes around it catch up in value through renovation or redevelopment.