Property Overview: 918 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Boyd Avenue in Burrows Central is a property defined by its land and location. Built in 1912, it sits on a 3,160 sqft lot that is notably larger than most in the immediate area, ranking in the top 28% on its street. The living space (887 sqft) and assessed value are consistent with neighborhood averages, presenting a straightforward, no-frills opportunity.
The primary appeal lies in its potential. The home features a basement and a detached garage but is not renovated, making it a clear canvas. Its most compelling attribute is the lot size—a valuable commodity that offers room for expansion, gardening, or future development in an established central neighborhood. This property would suit a practical buyer looking for an entry point into the market, an investor comfortable with a renovation or hold strategy, or someone who values private outdoor space over a large interior. It’s a value proposition rooted in the land itself, rather than the current condition of the dwelling.
Section 2: Frequently Asked Questions
1. What does the sale history indicate?
The property sold very recently in August 2024 for $19,500, following a previous sale in 2016 for $180,000. This significant difference suggests the 2024 sale may have been for the land value or under unique circumstances, and a title search or discussion with the listing agent would be essential to understand the context.
2. How does the lot size compare practically?
At 3,160 sqft, the lot is substantially larger than the ~3,089 sqft average for Boyd Avenue. This extra ~71 sqft, while seemingly modest, can provide meaningful extra space for a shed, parking, or a more generous backyard layout compared to direct neighbors.
3. What is the condition likely to be?
With a noted "not renovated" basement and a building age of 114 years, buyers should budget for and expect systems (plumbing, electrical, structure) to require inspection and likely updates. The value is in the property's fundamentals, not its finishes.
4. Who are the typical neighbors or buyers here?
The nearby comparable properties are all of similar vintage and scale, indicating a stable, long-established area. Buyers are likely to be pragmatic homeowners, renovators, or investors focused on the central location and lot potential rather than luxury.
5. Why is the assessed value so much lower than the 2016 sale price?
The current assessed value of $18,500 is for taxation purposes and often lags behind market values. The dramatic shift from the 2016 sale price primarily reflects the 2024 sale price, which the assessment would now be aligned with, indicating a major change in the property's market valuation.