Property Overview: 337 Barker Boulevard, Winnipeg
Key Characteristics & Appeal
This home at 337 Barker Boulevard in River West Park is a study in contrasts, defined by its below-average size and value within its immediate area, but offering a compelling opportunity for a specific buyer. The 840 sqft bungalow, built in 1976, sits on a slightly above-average city lot of nearly 7,000 sqft. Its assessed value of $261k is significantly lower than the neighborhood average (around $485k), and it sold in mid-2024 for an estimated $250k-$300k.
The primary appeal lies in its position as an entry point into a well-established neighborhood. It suits buyers prioritizing land and location over square footage, such as downsizers, first-time investors, or those with a long-term vision for renovation or redevelopment. The modest home size translates to lower utility costs and less maintenance, while the generous lot offers outdoor space and future potential that is rare at this price point in the city. A thoughtful perspective is that this property represents the "bones" of the area—it allows one to own a piece of a desirable community by accepting the work or compromise of an older, smaller structure, with the statistical data clearly highlighting the value gap between this home and its neighbors.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is based on the property's current state, size, and recent sales. The significantly smaller living area (840 sqft vs. a neighborhood average of ~1,678 sqft) is the primary driver, reflecting a more modest improvement on the lot compared to surrounding homes.
2. What type of buyer would this property be best for?
It's ideal for a practical buyer looking to enter the River West Park area, willing to live in a compact footprint or undertake updates. This includes downsizers, budget-conscious first-time buyers, or investors considering a hold-and-renovate strategy or future redevelopment of the lot.
3. How does the lot size compare?
At 6,966 sqft, the lot is larger than the Winnipeg average and is roughly in line with the local street and neighborhood averages. This is a key asset, providing ample yard space and future options that smaller city lots do not offer.
4. The sold price is shown as a range. How can I find the exact price?
The site provides sold price ranges based on public data. To receive the verified exact sale price and transaction history, you must request it directly via email through their manual lookup service, as they do not display MLS data.
5. Are the nearby comparison homes similar?
The nearby referenced properties are mostly larger in both size and assessed value, underscoring that 337 Barker is one of the smallest and lowest-valued homes on the street. This offers useful context for the price difference and the potential to add value.