Property Overview & Key Characteristics

This is a 1,021 sqft property built in 2005, located at 205-232 Goulet Street in Winnipeg's Central St. Boniface neighbourhood. Its primary appeal lies in its modern build year relative to its immediate surroundings, ranking in the top 2% for age on its street. The living space is also above average for the street, offering a practical footprint. The property has no basement, pool, or garage, indicating a low-maintenance, simplified lifestyle. It most recently sold for $22,500.

This property would suit a specific buyer: someone looking for a very affordable entry point into the established St. Boniface area, who prioritizes a newer construction date over traditional amenities like a basement or garage. It could appeal to an investor, a minimalist first-time buyer comfortable with compact living, or someone seeking a cost-effective foothold in the neighbourhood with fewer upkeep concerns typical of older homes.

A thoughtful perspective is that while its assessed and sale value are modest compared to neighbourhood and city-wide averages, its newer build date could translate to lower immediate repair costs and better energy efficiency than many nearby properties, offering a different kind of value.

Frequently Asked Questions

1. What exactly am I purchasing for this price?
Based on the listing details, you are purchasing a living unit within a larger building at this address (as indicated by the unit number 205-232). The specifics of ownership (e.g., condominium, co-op, titled unit) are not detailed here and require clarification from the listing agent.

2. The sale price seems significantly lower than the assessed value of nearby detached homes. Why?
This property is not a standalone house. The provided data compares it to all property types. Its value is consistent with similar low-assessment units in other multi-unit buildings across Winnipeg, suggesting it is a different asset class, like a condo or similar, rather than a direct comparison to a single-family home.

3. What does "No Basement" mean for storage and utilities?
Without a basement, all living space is on one or more above-ground floors. In-suite storage will be limited to closets, and mechanical systems (furnace, water heater) are likely located in a shared or alternative space. It's important to ask about where these systems are housed and who maintains them.

4. How does the 2005 build year benefit me?
A 2005 construction means the building is relatively modern, likely built to more recent building codes. This can be an advantage in terms of wiring, insulation, window efficiency, and overall reduced likelihood of major, immediate structural repairs compared to the many century-old homes in St. Boniface.

5. Are there any monthly fees associated with this property?
Given the multi-unit building context and lack of private land/garage, it is highly probable there are monthly condominium or maintenance fees to cover shared expenses like building insurance, exterior upkeep, common area utilities, and reserve funds. The exact amount and what it covers is a critical question for the seller.