Property Overview: 323 Barker Boulevard, Winnipeg
Key Characteristics & Buyer Appeal
This 1,122 sqft bungalow, built in 1976, presents a compelling value proposition within Winnipeg's River West Park neighborhood. Its primary appeal lies in its significant price advantage relative to its immediate area. With an assessed value of $263k, it sits well below the neighborhood average ($485.6k) and even the street average ($438.5k). This creates a notable entry point into an established community. The lot size (6,966 sqft) is above the citywide average, offering good outdoor space potential.
The home is best suited for first-time buyers, value-focused investors, or downsizers seeking a lower-cost foothold in a mature neighborhood. It’s a practical choice for those willing to potentially update an older home in exchange for land and location. A less obvious perspective is its relative modernity for the street—it’s newer than most homes on Barker Boulevard—which could suggest updated infrastructure or materials compared to immediate neighbors. However, buyers should note the living area is smaller than most in the local area, indicating a cozy, efficient layout rather than a spacious one.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
This is the defining characteristic of this property. It typically indicates a combination of the home's smaller size and potentially a need for modernization compared to more updated or expanded homes on the same street. It reflects a market value based on the current condition and specifications.
2. What does the "Sold Price" range of CA$250k–300k tell me?
This publicly recorded data suggests the home recently sold within that broad band. To understand the exact sale price and how it relates to the assessed value and list price, you would need to request the verified figures, as MLS data is not displayed on this site.
3. Is the smaller living area a concern?
It depends on your needs. The home ranks "around average" citywide but is below average for its specific neighborhood. This means it offers a more compact footprint, which can mean lower utility costs and less maintenance, but may require creative use of space.
4. How does the year built (1976) compare?
The home is newer than most on its street and aligns with the neighborhood average. For a home from this era, key considerations would typically be the age and condition of major systems like roofing, windows, and the furnace, as well as whether any asbestos or original aluminum wiring was remediated.
5. What is the immediate neighborhood like?
The listing shows several nearby properties on Barker Boulevard, indicating a well-established, residential street. The provided comparable properties on the same street vary greatly in size and value, suggesting a diverse streetscape with a mix of home styles and conditions.