Property Overview: 347 Barker Boulevard, Winnipeg
Key Characteristics & Buyer Appeal
This 1,122 sqft bungalow, built in 1976 on a 6,966 sqft lot in River West Park, presents a distinct value-oriented profile. Its primary appeal lies in its accessible price point, which is significantly below average for its immediate street and neighborhood. While the living space is modest compared to nearby homes, the lot size is above the city average, offering good outdoor potential. The home is newer than many on its block, suggesting potentially fewer immediate updates related to age.
This property is well-suited for first-time buyers or practical investors seeking an entry into a stable neighborhood without the premium price tag. It’s a pragmatic choice for those who prioritize land size over interior square footage and are comfortable with a home that may require personalization. The data suggests it’s a relative value play in its area, ideal for buyers who see potential in the lot and are budget-conscious about their initial purchase.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $273k ranks in the bottom 10% for both the street and River West Park. This typically reflects the home’s smaller living area and may indicate a more basic finish level or layout compared to larger, more updated homes in the area, resulting in a lower tax valuation.
2. How does the sold price compare to the assessment?
Records show it sold between $250k-$300k in April 2023. This sale price range aligns closely with its current assessed value, suggesting the assessment is in line with recent market activity.
3. Is the lot size a positive feature?
Yes. While average for the area, the lot is over 6,900 sqft, which is above the Winnipeg average. This provides more outdoor space than many city homes and could allow for expansions like a garage, shed, or garden, subject to local bylaws.
4. What does the "newer" year built mean for this home?
Built in 1976, it is newer than most on its street. This can be an advantage, potentially meaning systems (like wiring or plumbing) are a bit more modern than those in homes built a decade or more earlier, though updates may still be needed.
5. Where can I get exact historical price data?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service; you can provide your email to receive the precise transaction history directly from their team.