Property Overview

702 Boyd Avenue is a compact, one-storey home built in 1913, situated on a standard city lot in Winnipeg's Inkster-Faraday neighbourhood. Its key appeal lies in its position as an accessible entry point into the housing market. With a living area of 841 sq ft, an unrenovated basement, and no garage, it is a straightforward property that prioritizes function and affordability over modern amenities or size. The home’s assessed value is significantly below averages for the street, neighbourhood, and city, indicating a lower property tax burden and a potential opportunity for value addition.

This property would best suit first-time buyers, investors, or downsizers seeking minimal upfront cost and a project-light home. It’s for someone comfortable with a home’s original character and a smaller footprint, who views below-average metrics not as drawbacks, but as a realistic foundation for homeownership without a heavy financial load. A thoughtful perspective is that its modest scale and vintage can mean lower utility costs and a simpler, more manageable living environment, which holds its own kind of value.

Frequently Asked Questions

1. What is the actual selling price likely to be?
While the assessed value is listed at $10,800, recent sales of comparable homes on the same street (like 704 Boyd Avenue) suggest market prices are higher. The last recorded sale for this home was between $8,500 and $11,500 in 2022. For the exact historical sold price, you can request it via email from the listing source.

2. What does "below average" for size and value really mean for a buyer?
For this home, it primarily means affordability and lower property taxes. While the living space is smaller than many modern homes, it represents a manageable layout. The value being below neighbourhood averages suggests it may offer more "house" for your budget compared to the area, though it may also reflect the need for updates.

3. Is the unrenovated basement a major concern?
It depends on your plans. An unrenovated basement typically means it’s in original condition, suitable for storage or utilities but not finished living space. It presents a future opportunity but also means any moisture issues, insulation, or updating would be the owner's responsibility to address.

4. How does the age of the home (1913) affect it?
A home from 1913 has character and likely solid construction, but it also means older mechanical systems (like plumbing and wiring) that may need inspection or updating. Its age is actually around average for the immediate street and neighbourhood, so local trades may be familiar with homes of this vintage.

5. Who might this property not be suitable for?
It may not suit buyers looking for move-in-ready, modern finishes, or those who need multiple bedrooms, dedicated parking, or ample storage. Families needing significant space or anyone unwilling to handle maintenance typical of a century-old home might find it too limiting.