Property Overview: 913 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1927, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. With 924 sqft of living space and a 2,732 sqft lot, its metrics are consistently "around average" for its immediate street and area, suggesting it fits the local fabric without standing out. The property includes a detached garage and a basement that is noted as being unrenovated.
The primary appeal lies in its position as a modest, entry-level property with a stable history. Recent sale prices in 2019 and 2020 were notably low, and its current assessed value remains well below the citywide average, indicating a potentially accessible price point. It suits a practical buyer—perhaps a first-time investor looking for a rental property, a homeowner comfortable with a project, or someone seeking a minimal footprint in a central location. A thoughtful perspective is that its very "averageness" for the area could be a strength, offering a manageable property without the premium or extreme challenges of more unique homes. The unrenovated basement represents clear potential for future value addition on one's own terms.
Frequently Asked Questions
1. What does "around average for the street/area" actually mean for this home?
It means that for key features like lot size, living area, and year built, this property falls near the middle compared to its closest neighbours. It’s neither unusually large nor small for Burrows Central, which can indicate stability and predictable utility costs.
2. Is the low assessed value a red flag?
Not necessarily. The assessed value is for municipal tax purposes and is consistently below the Winnipeg average but aligned with nearby homes. It primarily suggests this is a lower-cost area, which translates to relatively lower property taxes.
3. What should I consider about the unrenovated basement?
This means the basement is in original or functional condition but not modernized. It offers usable space but will likely require investment for finishing or updates. It's a blank canvas, but budgeting for potential moisture-proofing or structural checks is wise.
4. How does the sale history inform an offer?
The home sold for $14.3k in 2019 and $15.5k in 2020. While market conditions change, this history shows it has transacted as a very low-value asset. This context is crucial for financing discussions, as traditional mortgages may be challenging.
5. Who would this property not suit?
It would not suit buyers seeking a move-in-ready home, those needing significant space, or anyone uncomfortable with a property that may require incremental upgrades. Its scale and condition are geared toward a specific, hands-on type of owner.