Property Overview
This 1929 one-and-a-half storey home on Boyd Avenue is a classic Winnipeg character property with practical foundations. Its key appeal lies in its affordability and lot potential within a mature neighbourhood. The 865 sqft living space is functional and typical for the area, while the detached garage adds utility. The standout feature is the 2,277 sqft lot, which, while below the citywide average, is a manageable size and represents the bulk of the property's value. It’s a home that hasn’t been renovated, offering a blank canvas. The last sale was in June 2021 for $180,000.
This property would suit a first-time buyer comfortable with a home that needs updating, or an investor looking for a land-hold opportunity in central Winnipeg. Its value proposition is straightforward: it provides essential shelter and land ownership at an accessible price point, with the trade-off being immediate modernization costs. A thoughtful perspective is that its average rankings within its immediate street and neighbourhood for metrics like year built and value suggest it’s a very typical property for Burrows Central, offering stability rather than standing out.
Frequently Asked Questions
1. What does "below average" for land area mean in context?
While the lot is below the Winnipeg city average, it is much closer to the typical size for Boyd Avenue and the Burrows Central neighbourhood. It's a standard city lot for the area, not unusually small.
2. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated," meaning it is likely an unfinished utility and storage space.
3. How recent is the price information?
The provided sale price of $180,000 is from June 2021. This is not a current listing price but historical data indicating its market value at that time.
4. What might explain the significant difference between the assessed value and the last sale price?
The assessed value (approximately $16,800) is for municipal tax purposes and is typically much lower than market value. The 2021 sale price of $180,000 is the actual market transaction.
5. What are the main considerations for a buyer?
The primary considerations are the need for potential updates or renovations to a 97-year-old home and the intended use of the lot. The value is largely in the land and location, with the house offering basic accommodation.