Property Overview: 894 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1934 on a standard city lot in the Burrows Central neighbourhood. Its key characteristic is its modest scale, with a living area of 640 sqft that is notably smaller than most homes in the area and city. The home does feature a renovated basement, adding functional space. Its assessed value is firmly in the average range for its immediate street and neighbourhood, but is well below the Winnipeg city average, indicating a accessible price point for the market.
The appeal lies in its simplicity and affordability. It represents a straightforward entry into homeownership with lower carrying costs, and the renovated basement offers immediate utility without a project. It would suit first-time buyers or investors seeking a manageable, no-frills property. A less obvious perspective is that its smaller size and average lot make it a lower-maintenance option, potentially appealing to downsizers or those seeking a pragmatic footprint rather than a premium. Its consistent sale history suggests a stable, unpretentious value in its locale.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes. At 640 sqft of living area, it is smaller than approximately 90% of similar properties on its street and in Burrows Central. This is the home's most defining physical characteristic.
2. How does its value compare to the rest of Winnipeg?
Its assessed value of $180,000 is around average for its immediate neighbourhood but falls within the bottom 6% of all residential properties citywide, highlighting its relative affordability within the broader Winnipeg market.
3. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the finish or rooms. This is a key question for a viewing, as the basement space likely forms a crucial part of the home's functional layout.
4. Has the property value been stable?
Sales data shows steady, modest appreciation from $157k in 2017 to $193k in 2022, tracking closely with average values for Boyd Avenue and Burrows Central, indicating stable local market performance.
5. What is the land like?
The lot is 2,283 sqft, which is typical for the street but smaller than many lots in Winnipeg. It offers standard outdoor space for the area without extensive yard maintenance.