Property Summary: 1047 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, post-war one-and-a-half storey home in Burrows Central, built in 1948. Its primary appeal lies in its generous, above-average lot size (3,872 sqft) for both the street and neighbourhood, offering valuable outdoor space and potential. With 1,103 sqft of living space, the home provides a practical footprint. It features a detached garage and an unrenovated basement, presenting a classic canvas for homeowners.
The property suits two main types of buyers. First, it's ideal for a practical first-time buyer or an investor looking for a solid entry point into the market with a sizable yard. Second, it appeals to a value-conscious buyer who sees potential in the existing structure and land, preferring to customize renovations over time rather than paying a premium for a fully updated home. A less obvious perspective is the advantage of its 1948 build date; it's newer than many homes in the immediate area, which may mean fewer concerns with very old plumbing or electrical systems common in pre-war houses, while still offering classic character.
Frequently Asked Questions
1. What does "above average" for the lot size actually mean?
The 3,872 sqft lot is larger than 83% of lots on Boyd Avenue and 77% of lots in the wider Burrows Central neighbourhood, making outdoor space a key asset of this property.
2. The assessed value seems very low. Is that the sale price?
No. The municipal assessed value ($19,900) is for tax purposes only and is not a market valuation. The home last sold in 2016 for $190,000, which is a more relevant historical benchmark.
3. What is meant by an "unrenovated" basement?
This indicates the basement exists but has not been modernized or finished as living space. It provides essential utility space and storage, with the condition and layout to be verified by a viewing and inspection.
4. How does this home compare to others in Winnipeg overall?
While its living space is fairly typical citywide, its lot size is smaller than the Winnipeg average and its last sale price was below the citywide average, highlighting its positioning as a neighbourhood-centric value.
5. What are the implications of a 1948 build year?
Built after WWII, the home may incorporate some modernized building materials and techniques compared to earlier houses in the area, but it will still require a thorough inspection for its specific aging components like the roof, windows, and original systems.