Property Overview & Key Characteristics
This home at 496 Notre Dame Street in North St. Boniface presents a solid, mid-century property with a clear value proposition rooted in its location and lot size. Built in 1948, the 918 sqft house sits on a notably generous 4,894 sqft lot. The appeal here is less about the size of the home itself—which is modest compared to area and city averages—and more about the land and established neighbourhood context. Its assessed value of $310k is competitive, ranking higher on its own street and holding its own in the broader area, suggesting it is viewed as a fair proposition within its immediate community.
The property would suit a first-time buyer or a downsizer looking for a manageable footprint in a mature neighbourhood without a premium price tag. It also holds potential for those with a longer-term view who value a larger lot, which could allow for expansion, gardening, or simply more outdoor space than is typical for the price point in Winnipeg. Its recent sale history shows steady appreciation, indicating a stable investment in a non-speculative market segment.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living space is 918 sqft, which is below the average for both North St. Boniface and Winnipeg overall. This indicates a more compact, efficient layout rather than a sprawling home, which can mean lower utility costs and less upkeep.
2. Is the assessed value in line with recent sale prices?
The current assessed value is $310k. The home last sold in 2019 for an estimated $250k-$300k, and prior to that in 2016 for $200k-$250k. This trajectory suggests consistent value growth, with the current assessment reflecting that trend.
3. What is the significance of the lot size?
At 4,894 sqft, the lot is larger than the average on Notre Dame Street and is a key asset. For the right buyer, this offers valuable outdoor space and future potential that many similarly priced properties in the city may not provide.
4. The home was built in 1948. What should I consider?
As a home from the late 1940s, prospective buyers should budget for updates that align with its age. A thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation, which may be original or nearing the end of their service life.
5. How can I get the exact historical sale prices?
The displayed prices are estimated ranges. To obtain the verified, exact sale figures, you must request a manual lookup via email through the website. This is due to industry regulations that prevent the direct publication of certain sales data.