Property Overview
This well-situated home at 829 Boyd Avenue presents a compelling mix of space, value, and established character. Built in 1932, it is a one-and-a-half storey home featuring a renovated basement and a detached garage on a standard 3,036 sqft lot.
Its primary appeal lies in its generous living area. At 1,486 sqft, it offers significantly more interior space than most homes in both the immediate area and the wider Burrows Central neighbourhood, ranking in the top 11% and 4% respectively. This makes it a standout for buyers seeking room without a premium price tag. The recently renovated basement adds immediate functional living space without the need for upfront projects.
The property suits first-time buyers or growing families looking for a spacious, move-in-ready home in a mature neighbourhood. It also appeals to value-conscious buyers who prioritize interior square footage over lot size, as the living space is well above average while the lot and assessed value are more modest and in line with the local market.
Frequently Asked Questions
How does the living space compare to newer homes?
While the home was built in 1932, its 1,486 sqft of living area is actually larger than the Winnipeg city-wide average for comparable homes (1,342 sqft). You are gaining interior space typically found in newer builds, but within an established neighbourhood.
Is the assessed value a good indicator of the sale price?
The home recently sold for $230,000, which is close to its $220,000 assessed value. This suggests the assessment is relatively current and the sale was in line with municipal valuation, providing a solid benchmark.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand if it's a finished recreational space, contains separate suites, or includes updated mechanical systems.
How does the lot size impact future potential?
At just over 3,000 sqft, the lot is typical for the street but below the Winnipeg average. This means ample yard space for a family but may limit possibilities for large additions or pool installations compared to properties on larger lots.
Why is the assessed value considered "below average" city-wide?
The $220k assessment ranks in the top 89% city-wide, meaning it's lower than about 89% of Winnipeg properties. This reflects the home's location in a more affordable area of the city, not the condition or size of the home itself, which are strong points locally.