Property Overview: 772 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Boyd Avenue in the Inkster-Faraday neighbourhood presents a straightforward, no-frills opportunity. Built in 1941, its 872 sqft living area is modest but typical for the immediate area. The property includes a detached garage and an unrenovated basement, positioning it as a genuine fixer-upper or a solid, low-maintenance holding property.
Its primary appeal lies in its value and location-based context. With an assessed value significantly above average for its street, it suggests a well-maintained structure relative to its peers. For the right buyer, this represents a manageable entry point into the Winnipeg market, particularly for those seeking a home in a neighbourhood where property sizes are generally more compact. It would suit a practical first-time buyer comfortable with a project, an investor looking for a rental property with a stable assessment history, or someone seeking an affordable, long-term home without the premium for extra space or modern finishes. A less obvious perspective is its potential as a "blank slate"—the unrenovated basement and classic layout offer flexibility for customization without the initial cost of prior high-end renovations that new owners might otherwise pay for and then redo.
Section 2: Frequently Asked Questions
1. What is the actual recent sale price?
The available public data shows a sale in November 2017 for an estimated range of $19.5k to $22.5k. For the precise sale price, you can request the exact history via email from the listing source.
2. How does this home compare to others in the area?
The home is very typical for its specific street and the Inkster-Faraday neighbourhood in terms of size, age, and lot dimensions. Its key standout is its assessed value, which is above the local street average, indicating it may be in relatively better condition or have other attributes valued by the assessor compared to direct neighbours.
3. Is the basement finished?
No, the basement is noted as being present but not renovated. Buyers should budget for any desired improvements and consider it functional storage or utility space as-is.
4. What are the typical buyers or investors in this area?
This area often attracts first-time homeowners, practical downsizers, and long-term rental investors due to its affordability and established neighbourhood character. The property's metrics suggest it fits squarely within that market segment.
5. How does the lot size affect future potential?
With a land area of just under 3,000 sqft, the lot is smaller than the Winnipeg city-wide average but standard for the central neighbourhood. This means outdoor space is limited, but property taxes and maintenance are often correspondingly lower. Expansion or major additions would be constrained by the lot's dimensions.