Property Overview: 667 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home on Boyd Avenue in the Inkster-Faraday neighbourhood presents a practical entry point into Winnipeg’s housing market. Built in 1914, its key characteristic is a renovated basement, adding valuable functional space to the 1,224 sqft living area. The home’s appeal lies in its relative size; it offers above-average square footage for both its immediate street and the broader neighbourhood, providing more interior room than many comparable properties. This is balanced by a below-average assessed value for the area, suggesting a potentially accessible price point.
The property would suit first-time buyers or investors looking for a character home with foundational updates in a central location. It’s a pragmatic choice for those who prioritize interior space over a large yard, as the land area is modest. A thoughtful perspective is that this home represents a specific value proposition: you are trading the premium for a newer build or a larger lot for more immediate, usable living space within an established community.
Frequently Asked Questions
1. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent to understand the quality and functionality of the space.
2. Why is the assessed value notably lower than city and area averages?
While the home has above-average living space for the area, its older age (1914), modest lot size, and potentially the specific condition or features not captured in the data contribute to its lower assessment compared to neighbourhood and citywide benchmarks.
3. Is the lack of a garage a significant concern?
The property has no garage. For some buyers, this is a drawback requiring consideration for vehicle storage and winter weather. For others, it simplifies maintenance and may be offset by the home’s other attributes or the potential to add a shed or carport.
4. How does the recent sold price history inform its current value?
Records show a sale in late 2023 in the $10.5k-$13.5k range. This recent transaction provides a concrete benchmark, but current market conditions, any further improvements, and precise negotiation will determine today’s value.
5. What are the immediate neighbours like?
The proximity of five other homes on the same block of Boyd Avenue, all within 23 meters, indicates a closely settled street. This can foster a strong sense of community but also means privacy is typical of an urban neighbourhood rather than a suburban one.