Property Overview
1129 Inkster Boulevard is a well-situated home in Winnipeg’s Mynarski neighbourhood, presenting a compelling mix of value and potential. Built in 1957, it offers a practical living space of 948 sqft on a generous 4,798 sqft lot. Its standout feature is its assessed value of $333k, which ranks in the top 5% on its street, indicating a strong valuation relative to its immediate neighbours.
Key Characteristics & Appeal
The primary appeal of this property lies in its value proposition and lot size. While the living area is modest compared to local and city averages, the lot is significantly larger than most on Inkster Boulevard. This creates an opportunity for expansion, gardening, or outdoor living that isn't typical for the street. The home’s assessed value is notably high for the area, which can be a double-edged sword: it suggests the property is a premium holding on its block, but it also means property taxes will be aligned with that higher valuation.
It would suit a practical buyer looking for a solid entry point into the market who values outdoor space over interior square footage. It’s also a candidate for someone with renovation or expansion plans, given the potential of the lot. Investors may note its value has risen steadily, with the last sale in early 2022 fetching between $350k-$400k, well above its previous sale in mid-2020.
Frequently Asked Questions
1. Is the house small for the price?
The living area is below average for the street, neighbourhood, and city. The price reflects other factors, primarily the large lot and the property's high assessed value within its immediate area.
2. Why is the assessed value so high compared to the street average?
At $333k, it ranks in the top 5% on Inkster Boulevard, where the average is about $254k. This suggests municipal assessment sees unique value here, possibly due to lot size, property condition, or improvements not fully captured in the basic stats.
3. What can I do with such a large lot?
The 4,798 sqft lot is over 20% larger than the street average. This space allows for possibilities like a sizeable garden, adding a garage or workshop, or even a future addition, subject to zoning and permit approvals.
4. How does the last sale price compare?
It last sold in early 2022 for an estimated $350k-$400k. This placed it in the top 7% of sales on its street at that time, showing a significant increase from its 2020 sale price of $250k-$300k.
5. Are the sold prices shown here exact?
No. The figures provided are estimated ranges. To obtain the exact, verified sale history, you must request a manual lookup from the site via email, as they do not have access to MLS data.