Property Overview: 740 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Boyd Avenue in the Inkster-Faraday neighbourhood presents a practical opportunity. Built in 1928, it offers 1,207 sqft of living space, which is notably above average for both its immediate street and local area. The property includes a detached garage and a basement, though the basement is noted as not being renovated.
Its primary appeal lies in its solid relative value within its established community. The home ranks in the top 30% on its street for both living area and assessed value, meaning it stands out positively among its closest peers. This suggests a well-sized home for the area that may offer more space than many neighbouring properties. It suits a buyer looking for a character home in a mature neighbourhood without a premium price tag, potentially a first-time homeowner, an investor, or someone seeking a straightforward, functional property. A thoughtful perspective is that while its city-wide rankings for metrics like land size are lower, this highlights the property’s context: it’s a home that makes sense within its local market rather than as a city-wide comparison, appealing to those who value neighbourhood-specific value.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value of $19,400k places this home above average for Boyd Avenue and around average for the Inkster-Faraday area. It’s important to note that assessed value is for municipal tax purposes and is not a market appraisal, but it indicates the home is considered a substantial property within its immediate locale.
2. How does the living space compare to nearby homes?
With 1,207 sqft, this home offers more living area than many comparable properties on Boyd Avenue and in the wider Inkster-Faraday neighbourhood, ranking in the top 30% and 26% respectively. This is one of its stronger comparative features.
3. What should I know about the “not renovated” basement?
The listing specifies the basement exists but is not renovated. Buyers should budget for potential updates or repairs and will likely want to investigate its current condition, moisture levels, and suitability for storage or future development during a viewing and inspection.
4. The home sold recently in March 2024. What can that price indicate?
The recorded sold price range from March 2024 provides a recent market benchmark. Understanding the exact sold price (available by request from the site) can help gauge current value trends for similar, well-sized homes in this specific part of Inkster-Faraday.
5. How does the lot size impact this property?
The land area of 2,923 sqft is around average for the street but below average for the wider city. This means outdoor space is typical for the area but may be more compact than in newer suburban neighbourhoods. It suits those preferring lower maintenance or a more efficient lot layout.