Property Overview: 854 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1913, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its value proposition and specific practical advantages rather than luxury finishes.
The home's key characteristic is its generous living space. At 1,330 sqft, it offers significantly more room than most comparable homes on its street and in the immediate area. This makes it a practical choice for those needing ample room without a premium price tag. The property includes a basement, noted as unrenovated, and sits on a modest 2,283 sqft lot. There is no garage or pool.
It would suit a value-focused buyer, such as a first-time homeowner comfortable with a property that needs updates, or an investor looking for a functional rental property in a central location. The recent sale price of $25,500 points to a land-value proposition or a home requiring significant investment. A thoughtful perspective is that this property offers a chance to own a character home with above-average interior space in a mature neighbourhood, where the cost of entry is low, allowing financial resources to be directed toward customization and renovation over time.
Frequently Asked Questions
1. Why is the sale price so much lower than the previous sale in 2017?
Such a significant price drop typically indicates a major change in the property's condition or intended use. It often suggests the home is being sold for land value, as a teardown, or requires such substantial renovation that the price reflects the cost of those impending repairs.
2. What does "above average" living area mean for daily life?
While the home is modest overall, ranking in the top 19% for living area on its street means you get more interior space than most nearby homes. This could translate to more bedrooms, larger common areas, or a more functional layout compared to neighbouring properties.
3. Is the unrenovated basement a major drawback?
It depends on your plans. While it represents an immediate project, it also provides a blank canvas. For a buyer intending to renovate, there are no costly prior renovations to undo, and it offers potential for additional living space, storage, or utility.
4. How does the small lot size impact the property?
The lot is below average in size for the city. This means lower maintenance and potentially lower property taxes, but it also limits expansion possibilities, parking options, and large-scale outdoor living spaces. It emphasizes the property's value as primarily the house itself.
5. Who is the typical buyer for a home like this?
The most likely buyers are practical investors, developers assessing the land, or hands-on owner-occupants with the vision and budget to renovate. It is less suited for someone seeking a move-in-ready home or who prioritizes a large private yard.