Property Overview: 727 Inkster Boulevard
This one-and-a-half storey home, built in 1923, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in a renovated basement and a detached garage, set on a notably larger-than-average lot for the immediate area. The living space of 1,030 sq ft is typical for similar homes nearby. Recent sold price history and a current assessed value position this property as an accessible entry point into the market. It suits first-time buyers, investors, or those seeking a lower-maintenance footprint with the added benefit of a generous outdoor space for its setting.
Key Characteristics & Appeal
The home’s most significant asset is its 5,007 sq ft lot, which ranks in the top 11% for size both on its street and in the Inkster-Faraday area. This offers valuable potential for gardening, expansion, or simply more private outdoor space than neighbours might have. The renovated basement adds functional living area, and the detached garage provides storage or workshop space. With a living area and assessed value that are around average for the local context, this property represents a grounded, no-surprises proposition. It would suit a buyer looking for a character home with a manageable scale, where value is derived more from land size and functional updates than from sheer square footage or modern finishes. It’s a home for someone who sees potential in established neighbourhoods and values outdoor room over a large interior.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The provided details note a "renovated basement" but do not specify it as a legal or secondary suite. A buyer must verify its compliance with local zoning and licensing regulations with the city.
2. How does the assessed value relate to the likely selling price?
The assessed value for municipal taxes is often different from market value. The recent sold price history (e.g., $16.5k-$19.5k in 2019) provides a more relevant, though dated, benchmark. Current market conditions will ultimately determine the price.
3. What are the implications of the home's age (1923)?
While offering classic character, a home over 100 years old requires diligent inspection for foundational integrity, plumbing, electrical systems, and insulation. It may also qualify for certain heritage-related programs or restrictions, which should be researched.
4. The lot is large for the area. Could it be subdivided?
This is a complex question. While the lot size is above average locally, subdivision depends on specific city zoning bylaws, minimum lot size requirements, and utility access. This would require a formal inquiry with the City of Winnipeg's planning department.
5. How does this home compare to others in Winnipeg overall?
The data shows that city-wide, this home's living area and year built are below the Winnipeg average, while its assessed value is significantly lower. This highlights that its primary context and value are hyper-local to the Inkster-Faraday neighbourhood, not the broader city market.