Property Overview: 881 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1946, sits on a notably spacious lot in the Burrows Central neighbourhood. Its primary appeal lies in the combination of a large, 4,554 sqft property—significantly above average for both the street and the area—with a home that offers functional, move-in-ready space. The living area of 1,152 sqft is comfortable and larger than many neighbouring homes, suggesting a practical layout. It features a detached garage and an unrenovated basement, presenting a straightforward canvas for future improvements.
The property suits first-time homebuyers or practical investors seeking a house with immediate utility and clear long-term potential. Its standout lot size is a less obvious advantage, offering rare outdoor space for gardening, expansion, or simply enjoying a larger yard than is typical in the area. While the home itself is of average age for the neighbourhood, the assessed value is strong locally, indicating a well-regarded property on its street. This is a grounded opportunity where the value is anchored in the land and the solid foundation of a maintained, older home, rather than in high-end finishes.
Frequently Asked Questions
1. What does "above average" for the lot size actually mean?
The property's land area of 4,554 sqft ranks in the top 6% on Boyd Avenue and the top 14% in Burrows Central, meaning it is substantially larger than most comparable lots nearby.
2. Is the basement finished or usable for storage?
The listing specifies the basement exists but is "not renovated." It is present and usable, but in need of updating for modern living spaces.
3. How does the 2022 sale price of $170k relate to its current value?
The sale price from 2022 was around average for the street but below the Winnipeg city-wide average. It serves as a recent benchmark, but current market conditions and the property's assessed value should be considered for today's valuation.
4. What is the significance of the assessed value being "above average" locally?
An assessed value that ranks in the top 18% on its street suggests the municipal assessment views this property more favourably than most direct neighbours, often reflecting its larger lot and well-maintained state.
5. Are the mechanical systems (roof, furnace) original?
The listing does not specify the age or condition of major systems. Given the home's age, this would be a key point for a home inspection to determine what may need updating or replacement.