Property Overview

This 872 sqft property at 201-163 Bertrand Street is a modest, no-frills home in Winnipeg's Central St. Boniface neighbourhood. Built in 1986, it sits on a street with older homes, making it one of the newer constructions in its immediate area. Its key appeal lies in its affordability and low assessed value ($22,100), representing a minimal property tax burden and an accessible entry point into the market. It has no basement, garage, or pool.

The home would best suit a very specific buyer: a budget-conscious first-time purchaser, an investor looking for a straightforward rental property, or someone seeking a minimal-maintenance footprint. Its value is functional rather than luxurious. A less obvious perspective is that, while its size is below average for the neighbourhood, its newer build date compared to nearby homes could mean fewer immediate concerns with aging infrastructure like wiring or plumbing. Its appeal is in what it doesn't have—complexity and high costs—making it a simple, utilitarian holding.

Frequently Asked Questions

1. Why is the assessed value so much lower than the last sale price?
The home last sold for $21,500 in 2021, which is very close to its current assessed value of $22,100. This indicates a stable, low-value property where the assessment and market price are aligned.

2. What does "no basement" mean for storage and utilities?
All living space is on one level. You'll need to plan for in-suite or external storage solutions. Heating, water heating, and electrical systems will be housed in a utility room on the main floor, which uses up a portion of the 872 sqft footprint.

3. How does its age compare to nearby homes?
At 40 years old (1986), it is significantly newer than many direct neighbours. For example, the listing shows a nearby home on the same street built in 1908. This is a relative advantage on this particular block.

4. Is the living area sufficient for a small family?
At 872 sqft, it is notably smaller than the neighbourhood average (~1,083 sqft). It is more suited to a single person, a couple, or perhaps a small family willing to live very compactly. Efficient use of space is essential.

5. What is the significance of the ranking badges (e.g., Top 3% for Year Built on its street)?
These rankings compare the home to specific groups. For instance, being in the "Top 3%" for year built on Bertrand Street simply confirms it is one of the newest homes on that specific street, which has many century-old properties. This doesn't mean it's new city-wide, where its age is around average.