Property Overview
This 1921 home at 937 Merriam Boulevard in Winnipeg’s Point Road neighborhood presents a practical entry point into the market. At 920 square feet on a 3,519 sqft lot, its living space is modest but typical for the street, while its lot size is smaller than most in the broader area. With an assessed value of $295k, it sits below the neighborhood and city averages, suggesting a potentially more accessible price point. The home last sold in July 2022 for an estimated $300k–350k.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as a relatively affordable, character home on a established street. It suits first-time buyers, downsizers, or investors looking for a lower entry cost in Winnipeg. Its assessed value is notably below the neighborhood average (ranking in the top 95%), which could indicate room for equity growth as improvements are made, especially when compared to nearby homes. The lot, while smaller than area norms, offers manageable outdoor space with less maintenance—a subtle advantage for those seeking simplicity.
A thoughtful perspective considers the street itself: homes here are of a similar vintage and scale, creating a consistent streetscape without the pressure of being overshadowed by much larger, newer builds. For the right buyer, this represents a community of comparable homes rather than an "under-sized" property. The trade-off is clear: you gain affordability and character from a 105-year-old home, but likely take on the maintenance and updating that comes with it.
Frequently Asked Questions
1. Is this house a good value compared to others nearby?
The assessed value of $295k is significantly below the Point Road neighborhood average of ~$399k. This suggests the property is priced accessibly for the area, though the home is also smaller and older than many area comparables.
2. What should I know about the lot size?
At 3,519 sqft, the lot is smaller than most in the Point Road neighborhood, where the average is 6,242 sqft. This means less yard space but also lower maintenance—a factor that could be appealing for some lifestyles.
3. How does the living area compare?
At 920 sqft, the living space is very close to the average for Merriam Boulevard itself (~917 sqft). However, it is below the neighborhood and city averages, indicating a cozier, more efficient layout typical of its era.
4. When was it last sold and for how much?
It sold in July 2022. The public price range provided is CA$300k–350k. For the exact sale price, you must request the information directly via email from the site, as they do not display MLS records.
5. What is the potential for future value growth?
Given its assessed value ranks in the top 95% for the neighborhood (meaning it's assessed lower than 95% of area homes), there may be potential for value increase through updates and market appreciation. However, this is balanced by the home's age and smaller size relative to the area.