Property Overview

This is a compact, one-storey home built in 1904 on a standard city lot in Central St. Boniface. Its key appeal lies in its location within a historic and vibrant neighbourhood, combined with a recent sale price that sits well below the city-wide average. The home features a renovated basement and a detached garage. The data indicates it is notably older and has less living space (756 sqft) than most comparable homes in the area, which contributes to its relatively accessible price point. It would suit a first-time buyer, an investor, or someone seeking an entry into the St. Boniface community who is comfortable with a home that offers character over size and is prepared for the realities of a 120-year-old structure. Its below-average property taxes, reflected in the low assessed value, are a practical advantage.

Key Details & Questions

What are the main characteristics?
This is a historic, one-storey home with 756 sqft of living space, a renovated basement, and a detached garage. It sits on a 2,996 sqft lot. All metrics—lot size, living area, year built, and assessed value—rank below the local and city-wide averages, highlighting its as a smaller, older property in the market.

Where does its appeal lie?
Its primary appeal is an affordable entry into the sought-after St. Boniface neighbourhood. The recently renovated basement adds modern livable space, and the low assessed value suggests manageable property taxes. For the right buyer, its historic age is a feature, not a drawback.

Who is this property best suited for?
It’s ideal for a pragmatic first-time homebuyer or an investor looking for a character property in a prime location without a premium price tag. It would also suit someone looking to downsize into the neighbourhood who values community over square footage.

Frequently Asked Questions

1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home’s age, size, and recent sale prices in its category, and it results in lower annual property taxes—a tangible financial benefit for the owner.

2. How significant is the smaller living space?
At 756 sqft, the main floor living area is compact. The renovated basement effectively expands the usable space, making the home functional for a small household, but the layout and flow of a 1904 build will differ from a modern open-concept plan.

3. What does it mean that the home ranks "below average" in so many categories?
In this context, it objectively defines the home’s niche: it’s older, smaller, and more affordable than most. This isn’t a standard family home competing on space, but a character property competing on location, charm, and value.

4. Are there risks with a home built in 1904?
Yes, as with any home over a century old. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation. The recent basement renovation is a positive, but understanding the quality and scope of that work is key.

5. The sale price increased by $50k between 2020 and 2024. Is that typical?
While the market saw increases in that period, this growth also likely reflects the value added by the basement renovation. It indicates investment in the property, but buyers should research recent sales of similar-sized, historic homes in St. Boniface for the most accurate comparison.