Property Overview & Appeal
This one-and-a-half storey home on Boyd Avenue, built in 1929, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in a combination of above-average interior space and a recently renovated basement, set on a standard city lot. With 1,312 sqft of living area, the home is notably larger than many in its immediate area and neighbourhood, offering more room than typical comparables. The renovated basement adds modern, functional space.
The property suits first-time buyers or practical investors looking for a home with move-in ready fundamentals in a no-frills setting. It’s also a sensible fit for those who value interior space over a large yard, as the lot size is typical for the street but modest by wider city standards. The assessed value is strong for the area, suggesting the home is well-regarded relative to its peers. A thoughtful perspective is that this home represents a "value anchor" in its locale—it outperforms many neighbourhood metrics, which could offer a degree of stability and slower depreciation compared to surrounding properties.
Frequently Asked Questions
1. How does the lot size compare?
The land is 3,035 sqft, which is very typical for Boyd Avenue and the Burrows Central area, but below the Winnipeg citywide average. This is a standard urban lot for this neighbourhood.
2. What does the "above average" assessed value mean for this area?
The assessed value of $24,100 ranks in the top 12% on Boyd Avenue and top 16% in Burrows Central. This generally indicates the property is considered more valuable than most direct comparables, likely due to factors like its living area and renovated condition.
3. Is the living space efficiently configured?
With 1,312 sqft spread over one-and-a-half storeys, the layout may include converted attic or second-floor spaces. It offers more total area than many nearby homes, but it's wise to consider the functionality of the room shapes and the split between floors.
4. What is the context of the 2020 sale price?
The home sold for $20,500 in March 2020. This pre-dates the peak of the recent market surge and is significantly below the citywide average assessed value, highlighting the substantial variation in property values between different Winnipeg neighbourhoods.
5. Are there any obvious missing amenities?
The listing notes there is no garage and no pool. Parking would be on-street or via a potential driveway (if space permits), which is common for homes of this era in the area.