Property Overview & Key Characteristics
This one-and-three-quarter storey home on Inkster Boulevard is a classic Winnipeg character property, built in 1910. Its primary appeal lies in its established location and solid foundation, offering a balance of vintage charm and practical potential. With 846 square feet of living space on a generous 3,004 sqft lot and a detached garage, it presents a manageable footprint for a variety of buyers.
The home’s standout feature is its strong positional ranking within the broader city context. It sits in the top 12% of Winnipeg for lot size and the top 5% for the age of homes, indicating it’s on a larger, more established lot than most in the city. While the interior living area is modest, it ranks well within its immediate Luxton neighbourhood. The unrenovated basement presents a clear opportunity for future customization.
This property would suit a first-time buyer or an investor looking for an entry point into a mature neighbourhood with proven longevity. It’s also a candidate for someone interested in a gradual, sweat-equity project who values outdoor space and a classic architectural style over modern, move-in-ready finishes. The rankings suggest you are paying more for the land and location than for the current condition of the structure itself.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style where the second floor has slightly less floor area than the main floor, often with sloped ceiling lines on the upper level, creating cozy bedrooms with character.
2. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is not a market price. A $21.2k assessment on a home of this age and size is typical and reflects its unrenovated state. The market price will be significantly higher, driven by the land value and location rankings shown.
3. The home ranks highly for age in Winnipeg. Is that good?
This is a nuanced point. Being in the top 5% for age means it’s among the older homes in the city, which speaks to its durability and historic character. However, it also underscores the importance of a thorough inspection for foundational integrity, wiring, and plumbing common to homes of this era.
4. Who is responsible for the detached garage?
The garage belongs to this property (138 Inkster). The listing of the adjacent address (140 Inkster) as a "nearby property" just 8 meters away confirms it is a separate lot, so there are no shared structure issues.
5. How does the unrenovated basement affect insurance and financing?
An unfinished basement can sometimes make it harder to secure certain types of mortgages or affect insurance premiums, as its condition and any potential moisture issues are unknown. A pre-purchase inspection is highly recommended to identify any major concerns.