Property Summary: 746 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, early-20th century home in Winnipeg's Inkster-Faraday neighbourhood. Its key characteristic is its modest scale: at 630 square feet, its living area is notably smaller than most homes on its street, in the area, and across the city. The lot size is also more compact than average. Built in 1914, it is typical for the age of homes in this immediate area.
The primary appeal lies in its accessibility and potential as an entry point into the housing market. With an assessed value significantly below area and city averages, it represents one of the most affordable homeownership opportunities in Winnipeg. This isn't a property for those seeking ample space; instead, its appeal is for value-focused buyers, minimalist living, or as a strategic investment. It would suit a first-time buyer on a tight budget, an investor looking for a rental property with a lower entry cost, or someone seeking a manageable, low-maintenance footprint. A thoughtful perspective is that a home of this size and value offers financial resilience, with inherently lower property taxes, utility costs, and maintenance burdens, allowing owners to build equity without being overextended.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $104k) is for municipal tax purposes. The market value—what a buyer might actually pay—can be higher or lower based on condition, market trends, and recent sales of similar properties.
2. The home is much smaller than others. Is it a legal standalone house?
Yes, it is a legal, detached single-family home. The data confirms it is compared to other "comparable homes" in all rankings. Its size is simply well below the average.
3. What does the ranking (e.g., "Top 94%") actually mean?
It indicates how this property compares to others. For example, "Top 94%" for living area in the neighbourhood means 94% of comparable homes in Inkster-Faraday are larger. It is a percentile ranking, not a quality grade.
4. Can I see the exact past sale prices for this house?
The site does not publish exact sale figures publicly. You must request them via email for a manual lookup, as this data is not sourced from the MLS system.
5. The nearby comparable listing at 710 Aberdeen Avenue is much larger but has a lower assessed value. Why?
Assessed value is not solely based on size. Factors like condition, specific location, renovations, and the property's use all influence the assessment. A larger home in a different condition or on a different street can have a lower assessment.