Property Overview: 974 Inkster Boulevard, Winnipeg
Key Characteristics & Appeal
This 836 sqft bungalow, built in 1952, presents a compelling value proposition rooted in its lot size and location. Its primary appeal lies in a significant, above-average 5,006 sqft lot within the Robertson neighborhood—a feature that stands out markedly on its street and offers potential for expansion, gardening, or outdoor space. While the living area is modest compared to local and city averages, the property’s assessed value of $317k is strong for its immediate area, ranking in the top 10-12% on its street and in Robertson. This suggests a perceived value that outpaces many nearby homes, likely tied to its generous land parcel.
The home suits first-time buyers or practical investors seeking an entry point into the Winnipeg market with a valuable land asset. It’s also a fit for those with a vision to extend or renovate over time, where the lot size provides a clear advantage not found in newer subdivisions. A thoughtful perspective is that this property represents a trade-off: you acquire a premium-sized lot in an established area, accepting a smaller, older home that may require updates, in exchange for long-term land value and potential.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1952 construction, buyers should budget for potential updates to major systems like plumbing, electrical, or the roof. The interior’s smaller square footage is typical of its era.
2. Why is the assessed value higher than many neighbors if the house is smaller?
The assessed value reflects the combined worth of the land and structure. This property’s value is bolstered by its significantly larger-than-average lot size for the street, which is a key factor in its assessment.
3. How reliable are the provided past sale prices?
The listed sale prices (e.g., sold between $300k-$350k in 4/2023) are based on public data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email.
4. What is the potential for adding an addition or building a garage?
The large lot is a major asset for future expansion. Any plans would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and permitting.
5. How does the property compare to newer homes in Winnipeg?
This home offers a larger lot in an established neighborhood but with less interior space than the citywide average (~1,342 sqft). It represents a different value proposition focused on land rather than modern square footage.