Property Overview
This one-and-a-half storey home at 789 Boyd Avenue in Winnipeg’s Inkster-Faraday neighbourhood presents a practical and affordable entry point into the housing market. Built in 1922, its key characteristics include a modest 984 sqft of living space and a recently renovated basement, complemented by a detached garage. The lot is compact at 2,278 sqft, which is smaller than most in the area and city. Its assessed value is notably low compared to the Winnipeg-wide average, reflecting its position in a more affordable segment of the market.
The appeal lies in its manageability and location-specific value. Within its immediate area and street, the home is consistently "around average" for size, age, and value, meaning it fits right into the fabric of the neighbourhood. It suits first-time buyers, investors, or downsizers seeking a lower-maintenance property without a major renovation project. A thoughtful perspective is that its smaller lot and home size translate to lower property taxes and easier upkeep, which can be a significant long-term advantage over a larger, more expensive property. It’s a home for those who prioritize financial efficiency and community fit over sheer space.
Frequently Asked Questions
1. Is this a small house?
Yes, at 984 sqft, the living area is slightly below the average for the local neighbourhood and more notably below the Winnipeg city-wide average. However, it is very typical for Boyd Avenue and Inkster-Faraday, where many homes are of a similar, efficient scale.
2. Why is the assessed value so much lower than the city average?
Property assessments are relative. While the value is low compared to the entire city (ranking in the bottom 6%), it is around average for both the immediate street and the broader Inkster-Faraday area. This highlights the significant variation in property values across different Winnipeg neighbourhoods.
3. What does having a "renovated basement" typically mean for a home of this age?
For a 104-year-old home, a renovated basement often indicates essential updates have been made to areas like moisture control, insulation, and living space finishings. It’s a valuable feature that adds functional space, but buyers should still verify the scope and quality of the renovation and the condition of the home's original structure and systems.
4. The lot seems small. What are the implications?
The land area is in the bottom 13% for the street. This means minimal exterior maintenance, which is a benefit for those seeking a low-maintenance yard. The trade-off is limited space for additions, extensive landscaping, or outdoor recreation.
5. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold price, you must request it via email from the site. This extra step is in place because precise sale figures are not always publicly posted in Manitoba, and the provider verifies them manually.