Property Overview & Key Characteristics

This home at 383 Deschambault Street is a classic one-and-three-quarter storey character home built in 1913, situated in Winnipeg's Central St. Boniface neighbourhood. Its primary appeal lies in its location and the opportunity it presents. The lot size, while below average for the immediate street and city, is still a generous 3,562 sqft, offering outdoor space in a central, historic area. The home itself has a modest living area of 972 sqft and features a detached garage and an unrenovated basement. Its most recent sale price was notably accessible.

This property would best suit a specific type of buyer: a hands-on purchaser looking for an entry point into a desirable neighbourhood, willing to take on a project. It’s ideal for an investor considering a hold-and-renovate strategy, or a buyer who values character and location over immediate move-in readiness and sees potential in a home that hasn’t been modernized. The low assessed value and sale price suggest it's a canvas for adding value, rather than a turn-key solution.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the center of the rooms, creating cozy, character-filled bedrooms.

2. The sale price seems low. Is there something wrong with the property?
The price reflects the home's condition and modest size relative to its lot. It indicates the property is likely in need of significant updating. This isn't necessarily a red flag, but a clear sign for buyers to budget for renovations and conduct thorough inspections.

3. How does the lot size compare practically?
At 3,562 sqft, the lot is smaller than many in Winnipeg but is quite standard for central, older neighbourhoods. It provides ample room for a garden, patio, and play area without the maintenance burden of a much larger yard.

4. What are the implications of an "unrenovated" basement?
This typically means the basement retains its original state, likely with a concrete floor, exposed joists, and older mechanical systems (like the furnace or wiring). It presents both a cost (needing eventual updating for modern use or efficiency) and an opportunity (to finish it correctly to your taste without undoing someone else's work).

5. Is the assessed value a good indicator of market value?
Not directly. Municipal assessed value is used for calculating property taxes and often lags behind the actual real estate market. The recent sale price is a far more accurate indicator of its current market value, which in this case is significantly lower than the citywide average.