Property Overview: 847 Boyd Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1931, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its balance of a renovated basement and a detached garage on a standard city lot (over 3,000 sq ft), offering foundational value. The home is modest in size at 700 sq ft of living space, which positions it well for first-time buyers, downsizers, or investors seeking a manageable footprint with room for future updates.
The property’s value is contextual. Its assessed value and lot size are around average for its immediate street and neighbourhood, suggesting it fits comfortably within the local market fabric. However, compared to the wider city, it represents a more accessible price point. This creates a distinct appeal for buyers prioritizing location within a specific community over square footage, or for those who see potential in the existing renovation work and the possibility of adding value over time. It suits a buyer comfortable with a character home who views the below-average living area not as a limitation, but as a chance for a simpler, more efficient lifestyle or a strategic entry into the market.
Frequently Asked Questions
1. How does the living area of 700 sq ft feel in practice?
Given the home's one-and-a-half storey design and renovated basement, the usable space is greater than the main-floor square footage suggests. The layout and flow will be key factors in how spacious it feels day-to-day.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. It is essential to clarify the finish quality, ceiling height, permitted uses (e.g., legal suite potential), and whether any moisture control measures were part of the renovation.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value of $190k is for municipal tax purposes. The home last sold for $142k in 2016. Market conditions, the specific renovations, and buyer demand will determine the final sale price, which may differ significantly from both figures.
4. What is the typical makeup of the Burrows Central neighbourhood?
This area often appeals to long-term residents, families, and practical buyers. The property's average metrics for the area (lot size, year built) indicate it is a typical home for the community, which can be a positive for stability and predictability.
5. What are the considerations for a home built in 1931?
While the basement has been updated, a home of this age will likely have original elements elsewhere. A thorough inspection should focus on the foundation, roof, wiring, plumbing, and insulation to understand what maintenance or updates may be anticipated in the coming years.