Property Overview: 728 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1915, situated on a decent-sized lot in the Inkster-Faraday neighbourhood. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a living area of 699 sqft, the home is notably smaller than average for the city, suggesting a straightforward, low-maintenance layout. The assessed value is modest and aligns with the street average, indicating a historically affordable price point for the area.
The property suits first-time buyers, investors, or downsizers seeking minimal upkeep and a lower financial barrier to entry. A thoughtful perspective is the value of the land itself; at over 3,150 sqft, the lot size is above average for the immediate street, offering potential for future expansion or outdoor space that the home's footprint does not. The detached garage adds practical utility. It’s a property for those who prioritize location and lot potential over move-in-ready size or modern finishes, as the basement is noted as not renovated.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 699 sqft, the living area is below the average for the neighbourhood and significantly below the Winnipeg city-wide average. It ranks in the top 86% on its street, meaning most houses on Boyd Avenue are larger.
2. What is the property's assessed value, and how is it determined?
The assessed value is $16,300. This is around the average for Boyd Avenue but below the averages for the wider Inkster-Faraday area and the city. Assessment is based on factors like lot size, building size, age, and location.
3. Has this property been sold recently?
Yes, according to available data, it sold in August 2022 for an estimated price between $19,500 and $22,500, and previously in June 2017 for between $10,500 and $13,500.
4. What is the condition of the basement?
The listing specifically notes the basement exists but has "not been renovated." Buyers should budget for potential updates or be prepared for unfinished space.
5. How does the lot size benefit this property?
The lot of 3,151 sqft is larger than many on the same street. This is a key feature, providing more outdoor space than the home's modest size might imply and offering a relative advantage for privacy or future projects.