Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Despins Street): Below Average. Ranked #9 out of 9 (Bottom 0%). The street average for comparable homes is 1,273 sqft.
Neighborhood Level (Central St. Boniface): Below Average. Ranked #1,008 out of 1,058 (Bottom 5%). The neighborhood average for comparable homes is 1,284 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #189,624 out of 194,457 (Bottom 2%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Despins Street): Below Average. Ranked #8 out of 9 (Bottom 11%). The street average for comparable homes is 364.2k.
Neighborhood Level (Central St. Boniface): Below Average. Ranked #708 out of 1,058 (Bottom 33%). The neighborhood average for comparable homes is 397.2k.
Citywide Level (Winnipeg): Below Average. Ranked #141,442 out of 194,455 (Bottom 27%). The citywide average for comparable homes is 435.4k.
Street Level (Despins Street): Around Average. Ranked #4 out of 9 (Top 44%). The street average for comparable homes is 1937.
Neighborhood Level (Central St. Boniface): Around Average. Ranked #407 out of 1,058 (Top 38%). The neighborhood average for comparable homes is 1939.
Citywide Level (Winnipeg): Below Average. Ranked #152,216 out of 194,457 (Bottom 22%). The citywide average for comparable homes is 1966.
Street Level (Despins Street): Below Average. Ranked #6 out of 9 (Bottom 33%). The street average for comparable homes is 4,328 sqft.
Neighborhood Level (Central St. Boniface): Around Average. Ranked #519 out of 1,058 (Top 49%). The neighborhood average for comparable homes is 4,609 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #128,758 out of 194,457 (Bottom 34%). The citywide average for comparable homes is 6,570 sqft.
Central St. Boniface market pulse
How to read: Share of sales in each ~$50k price band for “central st. boniface” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
182 Despins Street — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 387 m), 2 education (nearest 140 m), 3 healthcare (nearest 322 m).
Crime & safety
Waste collection schedule
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 182 Despins Street. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview
This 1945-built, one-storey home on Despins Street in Central St. Boniface presents a specific and compelling opportunity. Its key appeal lies in its generous 4,493 sqft lot—a notably larger-than-average parcel for the neighbourhood—paired with a modest, renovated 672 sqft living space and a detached garage. The home last sold in October 2021 for $240,000, with a current assessed value significantly lower, which may indicate potential for equity growth or a favourable tax basis.
Key Characteristics & Ideal Buyer
The property’s defining characteristic is the land-to-building ratio. The lot size is above average for both the immediate street and the broader St. Boniface area, offering valuable outdoor space and future potential in a well-established central neighbourhood. However, the living area is quite compact, ranking at the lower end of the scale for comparable homes. This creates a unique profile: a renovated, manageable single-level home on a sizable lot with a detached garage.
Its appeal is strongest for a specific set of buyers. It would suit a minimalist, a first-time buyer seeking an entry point into a desirable neighbourhood without a massive footprint, or an investor looking for a land-value play with a rentable dwelling. The renovated basement adds functional space, making the smaller main floor more viable. It’s less suited for those requiring substantial immediate indoor living space without considering future expansion.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Assessed values for tax purposes often lag behind market sale prices and are calculated using different criteria. The 2021 sale price is likely a stronger indicator of current market value.
2. What does the "renovated basement" include?
The listing notes the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or listing agent to understand its condition and usability.
3. Is there potential to expand the living space in the future?
The large lot size is a significant asset that could, subject to local zoning and permit approvals, allow for a home addition or a garden suite, addressing the compact main living area.
4. How does the smaller living area impact home insurance or financing?
Lenders and insurers consider the home's square footage. Its smaller size may affect replacement cost valuations for insurance and is a factor an appraiser will consider when determining value for a mortgage.
5. The home is older; have major systems (roof, wiring, plumbing) been updated?
Given the age of the home (built 1945), the renovation history beyond the basement is crucial. Inquiries should be made about the age and condition of the roof, foundation, and major mechanical systems to anticipate future maintenance.