Property Overview: 728 Inkster Boulevard
Section 1: Key Characteristics & Appeal
This one-storey home on Inkster Boulevard is a compact, character property built in 1910, offering a unique proposition in the Winnipeg market. Its key appeal lies in its affordability and renovated basement, presenting a practical entry point into homeownership. With a living area of 787 sqft, it is notably smaller than most homes in the city, but its assessed value is strong for the immediate Inkster-Faraday neighbourhood, ranking in the top 8% locally. This suggests the property is well-maintained and perceived as a solid value within its community context.
The home would suit a first-time buyer, an investor, or someone looking to downsize without leaving the city. Its manageable size and detached garage offer practicality, while the older vintage appeals to those who appreciate the potential charm of an early 20th-century home. A thoughtful perspective for a buyer is to see the smaller footprint not just as a limitation, but as an opportunity for lower utility costs and minimal upkeep, allowing for a simpler lifestyle or the ability to allocate resources elsewhere. The strong local assessment relative to neighbouring properties indicates it may be a standout on the block, potentially offering a sense of pride of place uncommon at this price point.
Section 2: Frequently Asked Questions
1. How does the small living space compare practically?
At 787 sqft, the living area is significantly below the city average. This requires efficient use of space and would not suit those needing multiple bedrooms or extensive storage. The renovated basement is a key feature that adds functional space.
2. What does the assessed value tell us?
The assessed value of $26,700 is above average for the Inkster-Faraday area, which often reflects updates, condition, and lot desirability. However, it is below the city-wide average, firmly positioning it as an affordable, locally-competitive property.
3. Are there concerns with a 1910 build?
Yes. A 116-year-old home will likely require ongoing maintenance and updates to systems like wiring and plumbing. A thorough inspection is essential, but the age also contributes to the home's character and established neighbourhood feel.
4. What is the land and location like?
The lot is a standard city size for the area at 3,179 sqft. Being on a Boulevard may mean more traffic compared to a side street. The proximity to immediately adjacent neighbours is typical for the neighbourhood.
5. How have its sale prices trended?
Based on available data, it sold between $24.5k-$27.5k in 2023 and between $22.5k-$25.5k in 2016. This indicates relative price stability in its market segment over recent years.