Property Overview: 164 Dollard Boulevard

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1910, is situated on a modestly sized lot in Central St. Boniface. Its key characteristic is its position as a more affordable entry point into the Winnipeg market, with a notably low assessed value compared to area averages. The living space of approximately 1,164 sq ft is on par with typical homes in the immediate vicinity.

The appeal lies primarily in its value proposition and location. It represents a genuine opportunity for buyers with a vision for gradual improvement or those comfortable with a home that retains its historic character. The basement exists but is unrenovated, presenting a clear project for future expansion or utility. This property would suit first-time buyers, investors looking for a rental property with potential for value appreciation, or hands-on individuals who prefer to customize a space over time rather than pay a premium for recent renovations. A less obvious perspective is its potential for a buyer interested in the history and fabric of St. Boniface, willing to steward an older home. Its smaller lot size, while below area averages, also means less maintenance, which can be a practical advantage.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the property's age, condition, and specific features (like an unrenovated basement) relative to the broader market. It indicates this is a value-priced home, likely requiring updates, which is reflected in its official valuation.

2. What does "one-and-a-half storey" mean for the layout?
Typically, this style features main living areas on the ground floor with a second floor under a sloped roof, often containing smaller bedrooms or cozier spaces. It's a classic Winnipeg design that maximizes space within a smaller footprint.

3. Is the smaller lot size a significant drawback?
While the land area is below average for the street and city, it provides adequate outdoor space for a garden or patio with reduced upkeep. It’s a trade-off that contributes to the home's affordability.

4. What should I consider about a home built in 1910?
Expect charming original details but also the potential for older mechanical systems (like wiring and plumbing), insulation standards, and a need for ongoing maintenance. A thorough inspection is essential to understand the scope of any updates needed.

5. How does the last sale price in 2016 relate to today’s value?
The 2016 sale price is a historical data point. Current value is driven by today's market conditions, the home's present state, and its assessed value, which should be used as a starting point for discussion with a real estate professional.