Property Overview: 863 Boyd Avenue
Key Characteristics & Appeal
This is a well-situated, single-storey home in Winnipeg's Burrows Central neighbourhood, built in 1957. Its primary appeal lies in its strong fundamentals relative to its immediate area. The lot is a key asset, larger than most on Boyd Avenue and in the neighbourhood, offering above-average outdoor space. The home itself has a renovated basement, adding valuable finished living area, and includes a detached garage.
The data suggests a property that stands out locally for being newer and with a higher assessed value than many of its peers, indicating potential updates and care. However, its size and value are modest compared to the Winnipeg-wide average, framing it as a solid, value-conscious option within its community.
This home would suit first-time buyers or practical investors looking for a manageable property with a good cost basis in an established neighbourhood. It’s for someone who values a larger yard and modernized amenities like a renovated basement over a large interior footprint. The detached garage is a practical bonus for storage, hobbies, or parking.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
While the assessed value is significantly below the city average, it is notably above average for both Boyd Avenue and the Burrows Central area. This typically suggests the property is in better condition, has seen improvements, or has desirable features compared to many nearby homes.
2. How does the lot size compare?
At 3,370 sqft, the lot is in the top 26% on Boyd Avenue and top 47% in Burrows Central, meaning it's genuinely larger than many neighbouring properties. City-wide, lots are often larger, so this is a relative strength within the local context.
3. The home was built in 1957. Is that old for the area?
No, it's actually newer than most. It ranks in the top 9% on its street and top 13% in the neighbourhood for year built, meaning many surrounding homes are decades older. This can be an advantage for systems and structure.
4. What might the sale history indicate?
It last sold in October 2020 for $16.40k, which was around the average for the street at that time. The current assessed value being higher could reflect market changes or improvements made since that purchase.
5. Who might this property not suit?
Buyers seeking a large interior living space or a brand-new home may find it limiting. With 1,015 sqft of living area, it is below the city average. It’s best for those who prioritize location, lot size, and value within a specific community over maximum square footage.