Property Overview

This is a compact, one-storey home built in 1948 on a standard-sized lot in Central St. Boniface. Its primary appeal lies in its renovated basement, which adds functional living space to the 836 sqft main floor, and its location within a historic and established neighbourhood. The home sits on a land parcel that is typical for the immediate street but smaller than the Winnipeg average, suggesting a lower-maintenance yard. Key data points indicate it is a more modestly sized and valued property compared to many in the wider city, but it holds its own well within its local context on Bertrand Street.

It would suit first-time buyers or downsizers seeking an entry point into a character neighbourhood without a large yard to manage. The renovated basement offers flexibility for a home office, rental potential, or extra family space, making it practical for those who need more room than the main floor alone provides. Investors may also see value in the below-average assessed value for the area, representing a potential opportunity in a stable location.

Frequently Asked Questions

1. Is the renovated basement a legal suite?
The details confirm a renovated basement but do not specify if it is a legal, separate suite. A buyer should verify its compliance with local zoning and licensing regulations, especially if rental income is a consideration.

2. How does the lack of a garage affect parking?
The property has no garage. Buyers should investigate on-street parking permits, typical availability, and winter parking restrictions in St. Boniface.

3. The assessed value seems low compared to the 2021 sale price. Why?
The assessed value is for municipal tax purposes and often lags behind market values. The 2021 sale price of $21,500 is significantly lower than the current assessment, suggesting that sale may have been under unique conditions (e.g., estate sale, as-is). Current market value would be determined by recent comparable sales.

4. What are the implications of the home's smaller living area?
At 836 sqft on the main floor, the living space is efficient. The renovated basement is a crucial factor for liveability. The layout and flow of the main floor will be key, as space needs to be well-utilized.

5. The home is older. What should I look out for?
While the basement is renovated, a 1948 home will have aging core components. A thorough inspection should focus on the foundation, roof, plumbing, electrical systems, and insulation to understand any upcoming maintenance or upgrades needed beyond the recent renovation.