Property Overview: 1151 Boyd Avenue
Section 1: Key Characteristics & Appeal
This well-situated one-and-a-half storey home in Burrows Central is defined by its generous, above-average lot size of 3,827 sqft—a standout feature that places it in the top 20% for land area on its street. Built in 1948, it is a newer construction compared to many neighbouring homes. The living space is a practical 894 sqft, and the home includes a renovated basement and a detached garage.
The primary appeal lies in its land value and location context. The lot offers significant potential for gardening, expansion, or simply more private outdoor space than is typical for the area. Its assessed value ranks highly within the immediate neighbourhood, suggesting a solid foundation of value for the street. This property would suit a first-time buyer or an investor looking for a home with a strong land-to-building ratio, where the value is anchored in the property itself rather than extensive finished living space. It’s a pragmatic choice for someone who values outdoor space and sees potential in a home with a renovated basement, possibly as a rental suite or flexible living area.
Section 2: Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
While the lot is significantly larger than most in Burrows Central and on Boyd Avenue, it is below the city-wide average. This highlights the property’s local appeal: you are getting a sizable, private yard for this specific neighbourhood.
2. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is not the market price. Its high rank locally indicates that, for this area, the property is considered above average in value. This often reflects factors like the renovated basement and the desirable lot size.
3. What does the "one-and-a-half storey" design typically mean?
This style, common for its era, usually features a main floor with principal rooms and a second floor with sloped ceilings, often housing bedrooms. It can offer efficient use of space and a classic architectural feel.
4. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. A buyer should verify its compliance with local zoning and building codes, especially if considering rental income.
5. The home was last sold in 2019. What should I consider?
The 2019 sale provides a recent price benchmark, but market conditions have likely changed. It’s useful for understanding the owner’s purchase timeline but should be weighed against current comparable sales and any updates made since then.