Property Overview & Key Characteristics
85 Inkster Boulevard is a one-and-three-quarter storey home in Winnipeg's Luxton neighbourhood, built in 1906. Its key appeal lies in its combination of a generous, nearly 3,000 sq ft lot and a home with classic character, presenting a clear opportunity for personalization. The detached garage and full (though unrenovated) basement add functional value. The home’s assessed value ranks highly within the city, suggesting a solid foundation for investment.
This property would suit a specific type of buyer: someone looking for a character home on a larger-than-average lot in a mature neighbourhood, who is prepared for the realities of a 120-year-old structure. It’s ideal for a hands-on buyer or investor who sees potential in its good bones and land size, rather than someone seeking a move-in-ready, modernized space. The data indicates it last sold significantly below its current assessment, which may attract buyers looking for value appreciation or a project with equity potential from the start.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a classic architectural style where the second floor has slightly less floor area than the main floor, often with sloped ceilings or dormer windows. It offers more space than a bungalow but with a distinct, traditional profile.
2. The home is 120 years old. What should I be most concerned about?
While the structure has stood the test of time, primary considerations for a home of this age typically include the condition of the foundation, roof, wiring, and plumbing. The note that the basement is "not renovated" suggests these core systems should be a key focus of a professional inspection.
3. The assessed value is significantly higher than the 2021 sale price. Why?
Municipal assessments are for tax purposes and are based on mass appraisal techniques and market trends, not a specific interior inspection. The increase likely reflects broader market movements. It’s important to determine the home’s current fair market value through a comparative market analysis with a real estate professional.
4. Who is the typical buyer in the Luxton neighbourhood?
Luxton attracts a mix of long-term residents, first-time homebuyers drawn to its relative affordability and established community feel, and investors interested in character properties. The area offers a practical, no-frills urban lifestyle.
5. The lot is a good size. What are my options for it?
The nearly 3,000 sq ft lot is a standout feature. Beyond traditional gardening, it offers space for expanded outdoor living, a sizable shed, or even future expansion of the home (subject to zoning and permits). For an investor, the lot size also contributes to the property’s long-term redevelopment potential.