Property Overview: 1144 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic, no-frills post-war bungalow built in 1948, situated on a notably generous lot in the Burrows Central neighborhood. Its primary appeal lies in its land value and location-specific advantages. The property sits on a 3,837 sqft lot, which is significantly larger than most in the immediate area and ranks within the top 18% on its own street. While the living space is compact at 735 sqft, the home features a detached garage and an unrenovated basement, presenting a clear value proposition centered on potential.
The property is best suited for specific buyer profiles: first-time buyers or investors looking for an entry point into the market with a solid land base, or handy individuals who see the unfinished spaces as a canvas for a personalized renovation. Its most recent sale in 2022 at $210k placed it above average for the street, indicating perceived value in the lot and location. A thoughtful perspective is that this home represents a "value-add" opportunity in a neighborhood context, where the land itself is a stable asset, and any improvements to the living space directly enhance equity.
Frequently Asked Questions
1. What is the true draw of this property?
The standout feature is the land. The lot size is well above the local average, offering more outdoor space and future potential than most comparable homes in Burrows Central.
2. Who would this home be a good fit for?
It’s an ideal project for a buyer with renovation skills or a realistic budget for updates. It also suits an investor seeking a land-strong asset or a first-time buyer prioritizing getting into the market over move-in-ready condition.
3. How does the assessed value relate to the sale price?
The municipal assessed value is significantly lower than the 2022 sale price. This is common and reflects different valuation methods and timelines; the sale price is a better indicator of current market value.
4. What should I consider about the basement?
The listing notes the basement is "not renovated." Buyers should budget for any necessary moisture-proofing, insulation, and finishing to make it a comfortable living or storage space.
5. How does this home compare to others in Winnipeg?
City-wide, the living area is quite compact (ranking in the top 94%, meaning only 6% of homes are smaller). This highlights that the property’s value is highly localized, deriving from its lot and neighborhood positioning rather than its interior size.