Property Overview: 503 Notre Dame Street, Winnipeg
Key Characteristics & Appeal
This home at 503 Notre Dame Street in North St. Boniface presents a distinct profile defined by its modern age and efficient scale. Built in 1988, it is notably newer than most homes in its immediate area, city-wide, and especially on its own street, where it ranks in the top 16%. This suggests potentially lower maintenance concerns and more contemporary building standards compared to the neighborhood's predominantly mid-century housing stock.
The appeal lies in its value proposition and practicality. With an assessed value of $306,000, it sits around the average for Notre Dame Street but below the average for both North St. Boniface and Winnipeg overall. This positions it as a relatively affordable entry point into the market. The living space (720 sq ft) and land area (3,305 sq ft) are compact, ranking below local averages. This isn't a sprawling property, but that translates to less upkeep and lower utility costs, appealing to those seeking a simplified, low-maintenance lifestyle. It recently sold for an estimated $300k–$350k, consistent with its assessment.
This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a manageable, newer-built home without a premium price tag. Its smaller footprint is a trade-off for modern construction in a central neighborhood, ideal for those who prioritize efficiency and location over square footage.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the 720 sq ft living area is below average for the street and city, it reflects a efficient, modern layout for a 1988 build. It's a practical choice for individuals, couples, or those comfortable with compact, easy-to-maintain spaces.
2. How does the assessed value compare to the recent sale price?
The assessed value ($306k) aligns closely with the reported sold price range of $300k–$350k. This consistency suggests the assessment is current and the sale was near market value, providing good confidence in its valuation.
3. What are the advantages of the 1988 build year?
Being significantly newer than most surrounding homes (which average a 1951 build year on this street) is a key advantage. It often means updated electrical, plumbing, and insulation standards, potentially resulting in fewer immediate major repairs and better energy efficiency.
4. The lot size is below average. What does that mean for me?
The 3,305 sq ft lot requires less yard work and upkeep, which can be a benefit for busy owners or those not interested in extensive gardening. It's a manageable outdoor space that fits the home's efficient overall profile.
5. Where can I get verified sale price details?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact sale history and figures via email from the provider, who will manually look up and send the verified data.