Property Overview: 749 Inkster Boulevard
This one-and-a-half storey home, built in 1946, presents a straightforward opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 1,140 sqft of living space and a standard 3,303 sqft lot, it sits around the average for its immediate area in terms of size and age. The home features a basement, but it is noted as not being renovated, and the property does not include a garage or pool. Its assessed value is notably below the Winnipeg citywide average, positioning it as an accessible entry point into the market.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its practicality and position as a potential starter home or investment vehicle. Its living area is functionally sized and very typical for the Inkster-Faraday neighbourhood, meaning it meets local expectations without excess. The below-average assessed value, both for the street and citywide, suggests a lower property tax burden and a potentially lower acquisition cost, which is a significant advantage for budget-conscious buyers.
The home would suit a first-time buyer comfortable with a property that may require updates, or an investor looking for a rental property with fundamental, no-frills appeal. Its unrenovated basement represents both a current limitation and future opportunity for added living space or storage. A less obvious perspective is that its "around average" metrics for the immediate area indicate a stable, non-speculative purchase; you're buying a standard home for the community, not an outlier, which can be a prudent approach.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically imply?
It means the basement is unfinished or in its original state. You should budget for potential updates to make it a comfortable living or storage space, and consider a thorough inspection for moisture issues or necessary foundational repairs common in homes of this era.
2. Why is the assessed value so much lower than the citywide average?
Assessed value is for municipal tax purposes and is influenced heavily by the local market. This figure reflects the lower average property values in the Inkster-Faraday area compared to more expensive Winnipeg neighbourhoods, not necessarily the final sale price.
3. What are the implications of not having a garage?
You will need to plan for street parking or the potential cost of adding a driveway or parking pad. This is a common feature in the area, but it's a key factor for those with vehicles, especially during Winnipeg winters.
4. How recent is the sold price data?
The last recorded sale appears to be in May 2017. Market conditions have likely changed since then, so this historical price should be used as a very general reference point, not a current valuation.
5. The home is older—what should I prioritize during an inspection?
Given its age, focus on the condition of major systems: the roof, plumbing, electrical wiring, and the foundation. The inspection should also closely evaluate the heating system and the structural integrity of the basement.