Property Overview: 820 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-and-a-half storey home in Burrows Central presents a solid opportunity. Its key strength is the generous 4,566 sqft lot, which is notably larger than most in the immediate area and street, placing it in the top 3% locally. The home itself, built in 1946, is newer than many neighbouring properties and features a renovated basement and a detached garage. With 1,160 sqft of living space, it offers above-average room for the neighbourhood.
The appeal lies in its land value and positioning. The lot size offers rare potential for expansion, gardening, or outdoor living in this part of the city. The home’s assessed value ranks highly for its street and neighbourhood, suggesting a history of maintained or improved value relative to nearby peers. It would suit a practical buyer looking for a character home with a sizable yard, or an investor/renovator who sees the underlying value in the land and the upside of an already-updated basement. It’s a property that stands out on its block not for extravagance, but for offering more foundational space and a newer build date than its direct competitors.
Section 2: Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $230,000 in October 2022, which is significantly higher than its $24,200 assessed value. This is common, as municipal assessed values for tax purposes often differ markedly from current market sale prices.
2. What does the "Top X%" ranking actually mean?
It shows how this property compares to a specific group. For example, its land area is in the "Top 3%" on Boyd Avenue, meaning its lot is larger than 97% of comparable properties on the same street. This context helps gauge its standout features within a relevant peer group.
3. Is the living space sufficient for a family?
At 1,160 sqft, the living area is above average for the Burrows Central neighbourhood. It typically provides adequate space for a small to medium-sized family, especially when combined with the renovated basement, which adds functional space.
4. What are the implications of the home being built in 1946?
While 80 years old, it is actually newer than the average home on its street and in the wider area. This can suggest potentially fewer issues with very old infrastructure compared to neighbouring houses built in the 1910s and 1920s, though a thorough inspection is always recommended.
5. How does this property fit within the wider Winnipeg market?
City-wide data shows this home’s metrics (like lot size and assessed value) are closer to the Winnipeg average or below it, reflecting its position in the market. It highlights that its primary value and appeal are relative to its immediate locale, offering more land and a newer structure than most in Burrows Central, rather than competing with properties in newer or different city sectors.