232 Le Maire Street

Property Overview: 232 Le Maire Street, Parc La Salle, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct value proposition centered on its lot and modern age within its immediate locale. Built in 1989, it is notably newer than most homes on its street and in the broader area, suggesting potentially lower maintenance needs and more contemporary construction standards. With 720 sqft of living space, the house itself is compact, ranking below average in size for the neighbourhood. However, it sits on a generous 3,856 sqft lot, which is significantly larger than the street average, offering valuable outdoor space and future potential.

The primary appeal lies in this combination: a relatively modern, low-maintenance home on a sizable lot in an established neighbourhood. Its assessed value of $341k ranks well above average for Le Maire Street, indicating it is viewed as a premium property in its direct context. This profile suits practical, value-conscious buyers—such as first-time homeowners, downsizers, or investors—who prioritize land size and a newer build over square footage. It’s a property where the value is arguably more in the land and the building's condition than in its current interior space.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to nearby homes on the same street?
The assessment reflects the property's standout characteristics on Le Maire Street: its much newer construction (1989 vs. a street average from 1975) and its larger-than-average lot size. These factors significantly increase its value relative to its immediate, older neighbours.

2. Is the living area too small for practical use?
At 720 sqft, the home is certainly compact. It would best suit individuals, couples, or those comfortable with efficient living. The trade-off is the larger lot, which provides outdoor space that can extend the living area in warmer months.

3. What does the sold price history indicate?
The home sold between $300k-$350k in late 2021. This sale price range aligns closely with its current $341k assessment, suggesting the assessed value is grounded in recent market activity and not an outlier.

4. How does this property fit within the wider city context?
While it stands out on its own street, its value and lot size are much more average when compared to the entire city of Winnipeg. This highlights that its prime appeal and value are hyper-local, based on its specific advantages within the Parc La Salle area.

5. What are the main trade-offs for a buyer here?
You are trading interior square footage for a newer build and a larger lot. The home offers modern convenience and outdoor potential but requires a lifestyle suited to smaller interior spaces. It's a strategic choice for land value and building condition over immediate size.