Property Overview: 732 Inkster Boulevard
Section 1: Key Characteristics & Appeal
This one-storey home on Inkster Boulevard is a compact, no-frills property built in 1948. With 732 sqft of living space, it is notably smaller than most homes in Winnipeg, placing it in the top 5% for compactness city-wide. It sits on a roughly 4,000 sqft lot, which is typical for its immediate area. The home has a basement, but it is noted as not being renovated, and there is no garage or pool.
The primary appeal lies in its affordability and low carrying costs, as reflected in its assessed value of $20,500. It last sold in 2019 for an estimated $12.5k–$15.5k. This is a property for a specific buyer: an investor looking for a low-entry-cost rental, a hands-on owner planning a gradual, sweat-equity renovation, or someone seeking the absolute minimum footprint and tax burden. Its smaller size and unrenovated state mean it is not suited for those needing move-in-ready space or room for a growing family. A thoughtful perspective is that, while small city-wide, its living area is actually closer to the local neighborhood average, suggesting it aligns with the existing scale of the Inkster-Faraday community.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement exists but is in original or utilitarian condition. Expect an unfinished or partly finished space that may require significant work to modernize or fully utilize.
2. Why is the assessed value so much lower than the city-wide average?
Assessed value is based on factors like size, condition, and location. This home’s well-below-average square footage and unrenovated state result in a low assessment, which translates to lower property taxes.
3. Who would this property be a good fit for?
It is best suited for budget-conscious investors, DIY renovators comfortable with a project, or individuals seeking minimalist living with very low fixed costs.
4. How does the lot size compare?
At just over 4,000 sqft, the lot is average for the Inkster-Faraday neighborhood but below the Winnipeg average. It provides standard outdoor space for the area without extensive maintenance.
5. The last sold price seems very low. What should I consider?
The 2019 sale price reflects the home’s compact size and condition at that time. Any current value must account for market changes since then, but it underscores the property's position as an entry-level asset. The exact price is available upon request from the listing source.