Property Overview & Key Characteristics

This is a classic, one-storey home built in 1924 on a generous, nearly 4,000 sqft lot in Central St. Boniface. Its primary appeal lies in its location and land value rather than the size or condition of the dwelling itself. The 942 sqft house presents as a compact, unrenovated character home with an unfinished basement, offering a straightforward living space or a foundational project. Key metrics show the property holds its own within its immediate historic neighbourhood—its lot size, age, and assessed value are all around the local average—but it sits below Winnipeg-wide averages for living space.

The property would suit a specific buyer: a first-time purchaser or an investor looking for an entry point into a well-established, culturally rich area. It’s a practical option for someone comfortable with a home that may require updates, or for a buyer who sees greater long-term value in securing a sizable lot in a central location, with the potential for expansion or redevelopment down the line. Its history of stable, modest sale prices suggests it’s a grounded, lower-risk opportunity rather than a turn-key or luxury offering.

Frequently Asked Questions

1. What is the true value proposition here?
The value is primarily in the land and location. You are purchasing a lot that is larger than many in Winnipeg, within a sought-after historic neighbourhood, with the existing house providing basic shelter. Future potential is a key consideration.

2. What should I budget beyond the purchase price?
Given the home is unrenovated and the basement is unfinished, you should budget for immediate maintenance, potential updates to systems, and cosmetic improvements. An inspection is highly recommended to prioritize these needs.

3. How does the assessed value relate to the likely sale price?
The assessed value for tax purposes ($27.80k) is a baseline but is historically well below typical market sale prices in the area, as shown by past sales on this street. Market value will be determined by current demand for homes in St. Boniface.

4. Is the lot subdividable or suitable for an addition?
The lot size is a significant asset. While specific feasibility depends on zoning bylums and regulations, the nearly 4,000 sqft parcel offers more flexibility for future expansion, a large garden, or other uses than a standard infill lot.

5. What’s the neighbourhood vibe and convenience like?
Central St. Boniface is a vibrant, walkable francophone community with strong cultural identity, cafes, bakeries, and shops along Provencher Boulevard. It offers a distinct, European-style atmosphere with excellent access to downtown Winnipeg.