Property Overview

This is a compact, 468 sqft property built in 1979, located at 9-505 St Jean Baptiste Street in Winnipeg's Central St. Boniface neighbourhood. It last sold in 2016 for $120,000 and currently carries a modest assessed value of $12,300. The data suggests it is a smaller, more affordable unit within its immediate street context, standing out for its notably low property taxes compared to most homes in the wider city.

Key Characteristics & Appeal

The primary appeal of this property lies in its affordability and location. With a very low assessed value, it represents a minimal property tax burden, which is a significant and often overlooked financial advantage. Its location in Central St. Boniface offers walkable access to the vibrant French-Canadian culture, shops, and dining of Old St. Boniface, along with proximity to the Seine River. The unit is notably smaller than most area homes, indicating it is likely a condo or apartment-style dwelling without a basement, garage, or pool.

This property would best suit a specific type of buyer: a first-time purchaser or minimalist seeking an entry point into a desirable neighbourhood without a high carrying cost. It could also appeal to an investor looking for a low-tax rental property in a stable area. The trade-off for the low overhead is space; this is not a fit for those needing room for a family or ample possessions. A thoughtful perspective is that this unit offers the experience of St. Boniface living at a uniquely accessible price point, prioritizing location and financial efficiency over square footage.

Frequently Asked Questions

1. What type of building is this?
Based on the address format ("9-505"), small living area, lack of basement/garage, and proximity to other units with identical street numbers, this is almost certainly a condominium or apartment within a multi-unit building.

2. Why is the assessed value so much lower than the last sale price?
The 2016 sale price reflects the market value at that time. The current assessed value, set by the municipal government for tax purposes, is often significantly lower than market value, especially for older condo units. This results in proportionally lower property taxes.

3. What does the ranking data mean for a potential buyer?
The rankings compare this unit to others on its street, in St. Boniface, and citywide. Key takeaways: it's older than most on its street, significantly smaller than area averages, and has a much lower assessed value than nearly all city homes. This highlights its niche as a compact, low-tax unit.

4. Are there any major concerns with a home built in 1979?
While the building is nearly 50 years old, a professional inspection is essential. Potential considerations for a building of this age could include the condition of common elements (roof, windows, plumbing), the status of the condo reserve fund, and whether any major updates have been made to the unit or building systems.

5. Who would be responsible for exterior maintenance and repairs?
As a condominium, the building's exterior, common areas, and major structural components are maintained by the condominium corporation. The owner is responsible for the interior of their unit and pays a monthly condo fee to cover shared expenses, which should be carefully reviewed.