Property Overview

This is a 1908 two-storey home on a standard city lot in Central St. Boniface. With 962 sqft of living space, a detached garage, and an unrenovated basement, it presents as a classic, compact character home. The data indicates it sits below area averages for lot size, living area, and year built, but its recent sale price is around the median for the neighbourhood. Its appeal lies in its location within a historic, culturally rich community, offering an entry point into a sought-after area. It recently sold for $310,000 (March 2024), a significant increase from its previous sale price of $20,500 in August 2022.

Key Characteristics & Ideal Buyer

The home’s key characteristic is its position as a modest, century-old property in a prime location. Its lot size (2,954 sqft) and living area are smaller than most in the immediate area, suggesting a home that values its location over sheer size. The appeal is grounded in St. Boniface’s vibrant atmosphere, walkability, and heritage charm, not in modern finishes or expansive square footage. The detached garage is a practical asset in a mature neighbourhood.

This property would best suit a specific type of buyer: a first-time homebuyer or minimalist seeking an affordable foothold in a desirable community, someone comfortable with a home that may require updates over time. It could also appeal to an investor looking for a long-term hold in a stable area, given the notable appreciation shown between the last two sales. It is less suited for those needing substantial, move-in-ready space or a large yard.

Frequently Asked Questions

1. What does "below average" for lot and living area really mean for daily life?
It means the property is more compact than many in St. Boniface. You’re buying into the neighbourhood itself—the cafes, river walks, and culture—rather than a sprawling private space. The yard and home interior will be cozy and efficient.

2. The assessed value is much lower than the sale price. Why?
Municipal assessed value for taxation purposes often lags behind market value, especially in active markets or after rapid appreciation. The recent sale price of $310,000 is the current market valuation, reflecting what a buyer was willing to pay for the location and property.

3. The basement is noted as "not renovated." What should I expect?
Expect a functional, utilitarian space typical of a 1908 home. It likely has low ceilings, concrete floors, and basic finishes, suitable for storage and utilities but not as finished living space without significant investment.

4. How significant is the jump in sale price from 2022 to 2024?
It is very significant and suggests a major change in the property’s condition or status between those sales. The 2022 sale at $20,500 may have been a distressed sale, a transfer between parties, or the sale of a derelict property that has since been refurbished. Due diligence on the nature of that transaction and any work done since is essential.

5. Is the older year (1908) a concern?
It signifies authentic character but also requires pragmatic consideration. While charm is a given, potential buyers should prioritize a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand the balance of historic appeal versus modern upkeep needs.