Property Overview
652 Boyd Avenue is a compact, one-storey home built in 1907, situated in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in its position as an entry-point property with a very low municipal assessed value, which typically translates to correspondingly low property taxes. The 957 sqft living area is modest but roughly average for its immediate street and area. The home features a basement (not renovated) and sits on a 2,283 sqft lot, smaller than area averages. Recent sale data indicates it transacted in the spring of 2024.
This property would primarily suit a specific type of buyer: those seeking absolute minimum ongoing property tax overhead, investors or renovators looking for a foundational asset with a low entry point, or individuals interested in the Inkster-Faraday area who prioritize cost containment above all else. Its century-old character offers potential for customization, but buyers should be prepared for the maintenance and updating that comes with a home of this age. A less obvious perspective is that its exceptionally low assessed value, while a financial benefit, also reflects its current condition and market position, meaning any significant investment in renovations may not be proportionally reflected in its assessed value for a considerable time.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Municipal assessed value is based on a mass appraisal system considering factors like location, size, age, condition, and recent sales of comparable properties. This assessment indicates the home's value for tax purposes is significantly below the Winnipeg average, likely due to its age, smaller size, and condition relative to the broader market.
2. What does the sold price history tell me?
The home sold in May 2024 for a price range between $6.5k and $9.5k. This recent sale provides a concrete market benchmark, confirming it trades as a very low-cost property. The exact price can be requested from the site.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original or utility condition, not a finished living space, and should budget for any desired upgrades or moisture-proofing.
4. How does the lot size impact future plans?
At 2,283 sqft, the lot is below average for the area. This may limit possibilities for large additions, detached garages, or extensive landscaping compared to properties on larger lots in the same neighbourhood.
5. Who would this property not be suitable for?
It would likely not suit buyers looking for a move-in ready home, those needing significant space, or anyone who expects a typical suburban lot size. The low assessment is a benefit for taxes but also signals this is a project or foundational property, not a premium asset.