Property Overview: 737 St Jean Baptiste Street, North St. Boniface, Winnipeg

Key Characteristics & Appeal

This home presents a compelling mix of established value and practical urban living. Its key characteristic is a clear above-average investment in the structure itself, as reflected in an assessed value ($455k) that ranks in the top 10% for its street and well above neighborhood and city averages. This suggests a well-maintained or updated property relative to its peers. Built in 1954, it is notably newer than many homes on the street. The living area (1,344 sqft) is comfortably average for Winnipeg, offering practical space without excessive upkeep.

The appeal lies in its efficient use of a smaller, urban-sized lot (3,039 sqft). While the lot size is below average for the area, this often translates to less yard maintenance and a more lock-and-leave lifestyle, which can be a significant advantage for busy professionals or downsizers. The location in North St. Boniface offers proximity to the character, amenities, and bilingual culture of one of Winnipeg’s most distinctive neighborhoods.

This property would best suit value-conscious buyers who prioritize a move-in ready home in a prime location over a large yard. It’s ideal for those who see a higher assessment as a sign of quality and who prefer spending their time on patios and in nearby parks rather than on extensive lawn care. It’s a practical choice for urbanites seeking a established, character-filled community.

Frequently Asked Questions

1. Why is the assessed value so much higher than the area average?
The assessment, which ranks in the top 10% on its street, typically reflects factors like recent renovations, quality of finishes, additions, or overall superior condition compared to neighboring properties. It indicates the municipality views this as a higher-value asset on the block.

2. Is the smaller lot size a major drawback?
This depends on lifestyle. The lot is significantly smaller than area averages, limiting expansive gardening or private outdoor space. However, it means substantially less maintenance and lower utility costs, which many buyers view as a worthwhile trade-off for a central location.

3. What does the sold price data from 2023 indicate?
The property sold between $450k-$500k in early 2023, aligning closely with its current $455k assessment. This recent sale provides a concrete market benchmark, suggesting the assessed value is grounded in actual transaction history.

4. How does the age and size of this home compare?
Built in 1954, it is a newer home on a street where the average build year is 1931, potentially meaning fewer issues with very old infrastructure. At 1,344 sqft, it provides standard family space without being oversized, matching the practical square footage of the average Winnipeg home.

5. How can I verify the exact historical sold prices?
The site notes that, due to industry rules, precise MLS sales data is not displayed publicly. They offer a manual lookup service where you can request the exact figures via email, which they will provide without using your contact information for marketing.