Property Overview: 767 Inkster Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1947, featuring 720 sqft of living space, a renovated basement, and a detached garage on a standard 3,654 sqft lot in the Inkster-Faraday neighbourhood. Its core appeal lies in being a straightforward, lower-maintenance property with a recently updated basement, positioned as an affordable entry point into the Winnipeg market.
The home’s assessed value is notably strong for the immediate area, ranking in the top 9% of Inkster-Faraday, suggesting it may be viewed favourably relative to its neighbours. However, its living space is significantly smaller than most city-wide comparisons. This creates a specific value proposition: you are purchasing a well-situated lot and structure in the local context, not square footage.
This property would best suit a first-time buyer, an investor, or someone looking to downsize into a manageable home without a complex yard. It’s for a pragmatic buyer who prioritizes location within the community and a renovated basement over interior size, and who sees potential in the detached garage and lot for future value.
Section 2: Frequently Asked Questions
1. Is this a "tiny home"?
While not officially categorized as such, at 720 sqft, it is significantly smaller than the Winnipeg average (approx. 1,342 sqft). It requires an efficient use of space and suits a minimalist lifestyle.
2. Why is the assessed value high for the area?
The assessment ranking in the top 9% for Inkster-Faraday likely reflects the renovated basement and the property's condition relative to immediate neighbours. It indicates the home may have been maintained or improved compared to others on the street.
3. What does the sold price history indicate?
The last recorded sale (2022) was in the range of $25.5k-$28.5k, closely aligning with the current assessed value of $26.4k. This suggests a stable, modest value in the local market without dramatic appreciation.
4. What are the main compromises?
The primary compromise is on living space. The home ranks in the bottom 5% for size on its own street. You are trading square footage for lot location, neighbourhood positioning, and the updated basement.
5. Is the detached garage a major advantage?
In this context, yes. For a small home, a detached garage provides crucial additional storage or workshop space that the main house lacks. It’s a valuable practical asset that adds functionality.