Property Overview
This one-and-a-half storey home at 742 Inkster Boulevard presents a solid, no-frills opportunity in Winnipeg's Inkster-Faraday neighbourhood. Built in 1947, its key appeal lies in a recently renovated basement and a detached garage, offering practical, flexible space. The standout feature is the lot size: at 5,490 sqft, the land parcel is exceptionally large for both the immediate street and the broader neighbourhood, ranking in the top 5-7% locally. This provides valuable outdoor space and future potential that is rare in the area.
The home’s living area (1,172 sqft) and assessed value are above average for Inkster-Faraday, suggesting a well-regarded property within its specific community context. It would suit a practical buyer looking for a character home with a generous yard, or an investor/renovator who values the long-term asset of a large lot over a move-in-ready modern finish. Its appeal is grounded in space and location-specific value rather than luxury finishes.
Frequently Asked Questions
1. How does the assessed value compare to likely selling prices?
The assessed value is a municipal figure for tax purposes. Recent sold price data for the area and the home's above-average assessment in the neighbourhood suggest market value could differ. Checking recent sales of similar homes on Inkster Boulevard is essential.
2. What does the "Elite" ranking for land area actually mean?
It means this property's lot is larger than approximately 95% of other lots on Inkster Boulevard and 93% in the Inkster-Faraday area. This is a significant advantage for privacy, gardening, play space, or future expansion like a shed or addition, where local bylaws allow.
3. The home is older—what should I be mindful of?
Built in 1947, major systems like roof, wiring, plumbing, and insulation should be carefully evaluated. The renovated basement is a plus, but an inspection should verify the quality and permits for that work, as well as the condition of the original structure.
4. Is the detached garage a full-size garage?
The listing specifies a detached garage but does not give dimensions. Given the large lot, there's likely adequate space for parking and storage, but viewing or requesting measurements is recommended to confirm it meets your needs.
5. How does this home fit within the broader Winnipeg market?
While its size and value are above average for its immediate neighbourhood, citywide comparisons show it as average or below average for metrics like living area and year built. This highlights that its prime value is specifically within the context of the Inkster-Faraday community.