Property Overview: 426 Deschambault Street, Winnipeg

Key Characteristics & Appeal

This 1959 bi-level home in Central St. Boniface presents a unique proposition centered on land value and potential. Its primary standout feature is the exceptionally large 12,636 sqft lot, which places it in the top 3% of properties city-wide for land area. This generous parcel offers significant room for expansion, gardening, or outdoor living, a rare find in the city. The home itself is modest, with a below-average living space of 752 sqft, but it includes a renovated basement, adding functional space. The assessed value is notably low compared to the city average, suggesting the current valuation is driven more by the land than the existing structure.

The appeal lies squarely in opportunity. It suits a buyer with a vision—whether that’s building a new primary residence, adding a secondary suite, or making substantial renovations over time. It’s also a practical entry point into the sought-after St. Boniface neighbourhood without the typical premium price for a move-in-ready home. This property is less suited for those seeking immediate, turn-key comfort and more ideal for investors, builders, or hands-on homeowners who see value in the long-term potential of a large lot in a prime location.

Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. A professional inspection is recommended to determine the quality of the renovation, its compliance with building codes, and whether it’s developed as legal living space.

2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property’s current state. The low value is likely due to the home’s smaller size and older age, with the assessment not fully capturing the premium value of the large lot in today’s development market. The eventual sale price may be significantly higher based on the land’s potential.

3. Are there any restrictions on developing the large lot?
This is a critical question. Buyers must consult with the City of Winnipeg’s planning department to understand zoning bylaws, which will dictate what can be built (e.g., single-family home, duplex), required setbacks, and any heritage or district guidelines that may apply in St. Boniface.

4. How does the home’s age (1959) affect things?
While newer than many area homes, a 65-year-old house will have aging core components. The updated basement is a plus, but budgets should account for potential updates to the original main floor, roof, wiring, or plumbing.

5. There’s no garage. Can one be built?
Given the ample lot size, adding a garage or carport is likely feasible, subject to zoning bylaws and setback requirements. The lot provides a clear advantage for adding outbuildings or parking space that many inner-city properties lack.