Property Overview & Key Characteristics

This one-and-a-half storey home, built in 1941, sits on a notably spacious lot in Central St. Boniface. Its primary appeal lies in the combination of a large, above-average land parcel in a historic neighbourhood with the practical benefit of a renovated basement. The living space is modest at just over 1,200 square feet, suggesting a home that is manageable and efficient rather than expansive. With no garage and no pool, the property emphasizes its core assets: location, lot size, and foundational updates.

Its value proposition is clear for a specific buyer. It would suit a first-time homeowner or downsizer looking for a lower-maintenance footprint without sacrificing outdoor space in a well-established area. The renovated basement adds functional living or storage space, which is a key asset for a home of this size. A thoughtful perspective is that while the house itself is average for the city, the lot size is a standout feature on its street, offering relative rarity and potential for gardening, expansion, or simply more privacy than neighbouring properties. It represents an entry point into a character neighbourhood where the land itself may hold as much value as the structure.

Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for a 1941 home?
This style often features a main floor with principal rooms and a second floor under sloped roofs, creating cozy bedrooms with potentially unique layouts. It’s a classic Winnipeg design that maximizes space efficiently.

2. The assessed value seems low compared to the sale price. Why is that?
Municipal assessed value for tax purposes is not a market appraisal. It’s an administrative value that often lags behind current market conditions. The recent sale price is a more accurate reflection of its market value.

3. What are the implications of having no garage?
It means lower maintenance and costs associated with a separate structure, but requires planning for street parking. In this neighbourhood, the large lot could potentially accommodate adding a garage in the future, subject to zoning.

4. How does the lot size compare practically?
At over 5,000 sq. ft., the lot is significantly larger than many on the same street. This provides more yard space, greater distance from neighbours, and better natural light around the home than is typical for the immediate area.

5. The home is "around average" for the neighbourhood in many metrics. Is that a good thing?
In a stable, historic area like St. Boniface, being average can be a strength. It suggests the property is in line with community norms, not over-improved or under-improved, which can provide stability and predictable upkeep costs.