Property Overview: 585 Langevin Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Central St. Boniface is defined by its generous, above-average lot size—a standout feature offering more outdoor space than most properties on its street and in the wider neighbourhood. Built in 1945, the house itself has a modest, average living area but benefits from a renovated basement. A detached garage adds practical utility. The appeal here is rooted in location and land. It sits in a mature, established community where the lot size presents a relative rarity, offering potential for gardening, expansion, or simply more private outdoor living. The recent basement renovation adds modern livability to the classic structure.

This property would suit a pragmatic buyer who values space and location over a turnkey, large interior. It’s ideal for someone looking to put down roots in St. Boniface on a generous plot, whether that’s a first-time buyer comfortable with a home of average size, an investor seeing the value in the land, or a homeowner planning a future renovation or addition who prizes the existing solid foundation and upgraded basement.

Section 2: Frequently Asked Questions

1. Is the lot size truly a significant advantage?
Yes. The land is over 6,855 sq ft, which is larger than approximately 90% of lots on Langevin Street and 93% in Central St. Boniface. This provides uncommon space for the area.

2. What does "renovated basement" typically mean for a home of this era?
While specifics require a viewing, in a 1945 home this often indicates updated essentials like flooring, insulation, and electrical, potentially creating a more functional and energy-efficient living or recreational space. It’s a key update that addresses a common concern with older properties.

3. How does the assessed value relate to the recent sale price?
The property was assessed at $31,700k and sold for $37,500k in October 2023. The sale price above assessment is common and reflects the market value buyers placed on it at that time, likely influenced by the lot size and renovation.

4. Who might this not be suitable for?
Buyers seeking a large, modern interior or a completely updated home without any projects may find the average-sized living area and 1945 build date less appealing. The value here is balanced more toward the land and location.

5. How does this home compare to others in Winnipeg overall?
City-wide, the lot size remains above average, but the home’s age is older than most in Winnipeg. This highlights its character as a established neighbourhood property rather than a newer suburban one, with value derived from its specific community and land.