Property Overview: 752 Inkster Boulevard
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical and grounded opportunity in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in its solid positioning within the local market rather than standout citywide metrics. The home features 1,095 sqft of living space, a renovated basement, and a detached garage, sitting on a notably generous 4,795 sqft lot for the area—ranking in the top 15% locally for land size. This offers valuable outdoor space or future potential in a neighbourhood where lots are typically smaller.
The home’s assessed value is a particular strength within Inkster-Faraday, ranking in the top 10% of the area, suggesting it is viewed as a well-maintained or improved property compared to its immediate peers. This combination—a larger-than-average lot, a renovated basement, and a strong local assessment—makes it a sensible choice for first-time buyers, practical investors, or downsizers seeking a manageable home with a reasonable footprint and no major surprises. Its value is clearly rooted in the local context; it’s a home that stands out favourably on its own street and within its community, offering more immediate livability and space than many neighbouring properties.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market price?
While the assessed value is strong for the Inkster-Faraday area, it's important to note it is below the Winnipeg citywide average. Assessment values are for tax purposes and can differ from market value. Recent sold price data from 2016 shows a range, but the current market value would be determined by recent comparable sales, condition, and demand.
2. What does the "renovated basement" entail?
The listing notes a renovated basement, but specifics on the scope, quality, permits, or finished square footage are not provided. This would be a key point for a home inspection and discussion with the seller to understand the nature of the renovation and what it adds to the living space.
3. Is the larger lot a major advantage?
Yes, especially in this neighbourhood. A lot size ranking in the top 15% locally provides more private outdoor space than typical and could allow for additions like a larger garage, garden, or deck. It’s a tangible asset that may offer more future flexibility than homes on smaller, standard lots in the area.
4. The home is older—what should I be concerned about?
Built in 1948, the home is actually newer than the average for Inkster-Faraday. However, as with any older home, the condition of major systems (roof, wiring, plumbing, foundation) and the quality of updates (like the basement renovation) are crucial. Its above-average age for the city means a thorough inspection is essential.
5. How does this home fit within the broader Winnipeg market?
This property is very much a local play. Its metrics are average or below when compared citywide, but it shines within its own neighbourhood context. It suits a buyer focused on value and space within Inkster-Faraday itself, rather than someone comparing it directly to properties in newer or different areas of the city.