Property Overview: 694 Boyd Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home on Boyd Avenue in the Inkster-Faraday neighbourhood presents a practical opportunity. Built in 1913, it offers 1,208 sqft of living space, which is notably above average for both the immediate street and the local area. A key feature is the detached garage, adding valuable utility. The home sits on a modest 2,283 sqft lot.

Its primary appeal lies in its positioning as a functional, no-frills property in a mature neighbourhood. The living space is generous for the area, and the assessed value of $170k is around average locally, suggesting a potentially accessible entry point into the Winnipeg market. It’s important to note the basement exists but is noted as "not renovated," indicating a space with potential but requiring work.

This home would best suit a buyer comfortable with a project, particularly one looking for solid above-ground square footage on a budget. It could appeal to a first-time homeowner willing to update the basement over time, or an investor seeking a character property with a rental suite potential (subject to zoning and renovations). The data suggests it’s a home that holds its own within its immediate community more than it stands out city-wide.

Section 2: Frequently Asked Questions

1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, walls, and possibly mechanical systems, and should prioritize a thorough inspection for moisture issues common in older Winnipeg homes.

2. How does the lot size impact this property?
At 2,283 sqft, the lot is smaller than most in the city. This means lower maintenance but also limited space for expansions, large gardens, or extensive outdoor amenities. The trade-off is a more manageable yard.

3. The sold price history shows a range of $15.5k–$18.5k in 2018. Why is that so low compared to the assessed value?
This extremely low historical sale price is likely not for the house itself, but may represent a land title transfer, a sale of a partial interest, or another non-standard transaction. The current assessed value of $170k is the relevant figure for understanding its municipal valuation today.

4. Is the above-average living area for the neighbourhood a significant advantage?
Yes, it can be. It means you’re getting more interior space than many neighbouring homes for a similar price point. This is a practical advantage for living comfort and can be a relative strength if you ever decide to sell within the local market.

5. What should I consider about the age of the home (1913)?
While the wiring, plumbing, and roof have likely been updated over time, their current condition and compliance with modern standards are crucial. An inspection is essential. The age also brings character but may mean less open-concept layouts and higher heating costs unless insulation has been upgraded.