Property Summary: 621 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Boyd Avenue in the Inkster-Faraday neighbourhood is a compact, historically grounded property. Its key characteristics include a 748 sqft living area, an unfinished basement, no garage, and a modest 2,276 sqft lot. Built in 1912, it is one of the older homes in the area. The appeal lies squarely in its position as an accessible entry point into the Winnipeg market. With a very low assessed value and recent sold prices in the range of $8.5k–$11.5k, it represents one of the most affordable homeownership opportunities available. It suits buyers with a limited budget seeking a straightforward asset, investors looking for a low-cost rental property, or those interested in a minimal footprint home. A less obvious perspective is that its small lot and modest size translate to very low ongoing property tax and utility burdens, which can be a significant long-term advantage. However, the below-average size and value metrics across all comparisons indicate this is a functional starter property or investment vehicle, not a move-in-ready family home.
Section 2: Frequently Asked Questions
1. What is the actual selling price?
The most recent public sale data shows a price range of $8,500 to $11,500 in September 2023. An exact sale price can be provided upon request.
2. What does "below average" for living area and value mean practically?
It confirms this is a smaller, more affordable home than most in the city. The living space is efficient, and the price reflects that. It’s priced for function, not excess space.
3. Is the basement usable?
The listing specifies the basement exists but is "not renovated." It is unfinished, meaning it offers raw storage or utility space but would require investment to become a livable area.
4. Who would this property not suit?
It would not suit buyers looking for a modern, turn-key home, those who need multiple bedrooms or ample living space, or anyone requiring garage parking or a large yard.
5. What are the potential long-term costs or considerations?
Given its age (built in 1912), prospective buyers should budget for potential maintenance or updates to older building systems. The very low purchase price, however, can free up capital for such improvements.