Property Overview
This home at 738 St Jean Baptiste Street in North St. Boniface is a character property that presents a clear value proposition. Built in 1925, it offers 881 sqft of living space on a 4,032 sqft lot. Its assessed value of $268k is notably below the average for the street, area, and city. Recent sales data shows a significant appreciation, last selling for an estimated $350k–$400k in April 2024, up from $200k–$250k in 2022.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as a more affordable entry point into the established North St. Boniface neighbourhood. While the living space is compact compared to area averages, the lot size is fairly typical for the street itself. This combination suggests potential—whether for a buyer seeking a manageable, character home without a massive footprint or for one who views the lot as a long-term asset. It suits first-time buyers, downsizers, or value-oriented investors comfortable with a home that may require updates reflective of its age. A less obvious perspective is its relative "youth" compared to other homes on its specific street; built in 1925, it is actually around the average age for St Jean Baptiste Street, meaning it fits the historic fabric without being among the very oldest. The sharp increase in sold price over recent years indicates strong market interest in this type of property in the location.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($268k) is for municipal tax purposes. The market value is determined by what buyers are willing to pay, as suggested by the 2024 sold price range of $350k–$400k.
2. How does the size of this home compare to others?
At 881 sqft, the living area is below the average for the local area and city. However, its lot size of 4,032 sqft is much closer to the average for houses on its own street.
3. What does the sold price history tell us?
It shows rapid appreciation. The home sold in the $150k–$200k range in late 2020, then $200k–$250k in 2022, and finally $350k–$400k in early 2024. This indicates a hot market period for the property.
4. How can I find out the exact sold prices?
The site does not display exact figures publicly. You must request the exact sold price history via email, and they will provide the verified figures manually.
5. Is this data from the MLS?
No. The sold price data is compiled from publicly available sources and is not from the MLS system. The site advises that while reasonably reliable, figures should be verified for complete accuracy.