Property Summary: 365 Barker Boulevard, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition within Winnipeg's River West Park neighborhood. Its primary characteristic is its compact size, with a living area of 840 sqft that places it well below the averages for its street, neighborhood, and even the city. This is balanced by a proportionally large, city-above-average lot of nearly 7,000 sqft. The assessed value of $259k is significantly lower than area averages, reflecting its smaller footprint and creating a lower entry point into a established neighborhood.
The appeal lies in this very combination: an affordable opportunity to secure land in a mature area, ideal for a specific buyer. It would suit a first-time buyer, downsizer, or investor seeking a lower-maintenance property with land potential. The home, built in 1976, is newer than many on its street, suggesting potentially fewer immediate updates than older stock. A thoughtful perspective is that this property trades interior space for outdoor potential and location, making it a strategic buy for someone who values yard space over square footage or sees long-term value in the lot itself.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is heavily influenced by the home's smaller living area (840 sqft) compared to the neighborhood average (over 1,600 sqft). Property assessments typically factor in size, age, and features, so a significantly smaller home in the same area will have a lower valuation.
2. What does the sold price range (CA$250k–300k) indicate?
The sold price range from late 2023 suggests the home likely transacted close to its assessed value. This indicates the market recognized its value proposition as a smaller home on a large lot, without a significant premium or discount beyond its fundamental characteristics.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is above the Winnipeg average and provides ample outdoor space. Whether expansion is feasible depends on local zoning bylaws, setback requirements, and the condition of the existing structure. It's a key feature to investigate for future possibilities.
4. How does the year built (1976) compare?
The home is slightly newer than the immediate street average (1975) and aligns with the neighborhood average. This generally suggests construction standards and home systems may be more modern than older homes in Winnipeg, but a specific inspection is still essential to determine condition.
5. Where can I get the exact sold price?
Due to industry data restrictions, exact sold prices are not displayed publicly on this site. You can request the exact figure via email using the provided form, and the team will manually look up and send the verified transaction history.