Property Overview

This one-storey home on Dollard Boulevard in Central St. Boniface presents a specific and compelling opportunity. Built in 1946, its key characteristic is a significant imbalance between a modest 700 sqft living area and a generous 4,713 sqft lot, placing the land size well above the neighbourhood average. The home itself is unrenovated and includes a basement and a detached garage. Its appeal lies squarely in its potential. The very low assessed value and historically low sale price reflect the current condition of the dwelling, making it a prime candidate for a land-value play or a substantial renovation project. It would suit a buyer looking for a footprint in a central, established neighbourhood, with the vision, budget, and patience for a major update or rebuild. It’s less suited for someone seeking a move-in-ready home.

Frequently Asked Questions

1. Is this a teardown property?
While the listing doesn’t state it explicitly, the data strongly suggests it. The living area is among the smallest in the city, the assessed value is very low, and the home is noted as unrenovated. The primary value here is the large lot in a central location.

2. What is the real cost I should consider?
Beyond the purchase price, budget for the significant investment of a full renovation or new construction. Also, investigate any potential heritage or district guidelines in St. Boniface that could affect your redevelopment plans for a home of this era.

3. How does the assessed value relate to market price?
The assessed value is for municipal tax purposes and is often lower than market value, especially for properties where the land value outweighs the building value. In this case, the market price will be driven by the lot's desirability and development potential, not the existing structure.

4. Is the neighbourhood trending?
Central St. Boniface is a long-established, historic area. The data shows homes here typically have smaller lots and are older than the city average, indicating a mature, stable neighbourhood rather than a newly developing one. The value is in its established character and location.

5. What are the less obvious considerations?
Consider the detached garage: it could be a valuable asset for storage or a workshop during a rebuild. Also, the "unrenovated" state means systems (plumbing, electrical, roof) are likely original or very old, so any interim occupancy would require careful safety evaluation. Finally, the large lot offers flexibility for garden space, parking, or an addition that a standard-sized lot would not.