Property Overview & Appeal
This one-storey home on Boyd Avenue in Winnipeg's Burrows Central neighbourhood presents a practical opportunity centred on space and value. Its key characteristic is a generous 3,151 sqft lot, which is notably larger than most on its street and in the immediate area. Built in 1927, the house itself offers a comfortable 1,344 sqft of living space, which is well above the local average, housed within a classic, unrenovated layout that includes a basement and a detached garage.
The primary appeal lies in its potential. The combination of a sizable lot and a solid, roomy home creates a strong foundation for both immediate living and future projects. It suits a hands-on buyer looking for a character home with room to grow, whether that means gradual updates, gardening, or adding outdoor amenities. It’s also a sensible fit for those seeking affordability in Winnipeg without compromising on interior space, as the living area is a standout feature for the neighbourhood. The 2022 sale price of $220k, which was above average for the street at the time, suggests it’s perceived as a solid asset in its community.
Frequently Asked Questions
1. What does "above average" for land area actually mean here?
It means the property's lot is larger than 72% of comparable lots on Boyd Avenue. At 3,151 sqft, it offers more outdoor space than is typical for the street, which is a significant advantage in an established neighbourhood.
2. The assessed value seems very low. Why is that?
The $20,300 figure is the city's assessment for property tax purposes, not a market valuation. It's based on a municipal formula and is consistently low across this area. The actual market value is better indicated by the 2022 sale price of $220,000.
3. Is the basement finished?
No, the basement is noted as "not renovated." Buyers should anticipate a functional but unfinished space, which could be a project for future development.
4. How does the living space compare to newer homes?
At 1,344 sqft, the living area is actually very close to the current city-wide average for homes. This means you get the roominess often associated with newer builds, but within a character home, which is a unique combination in this price segment.
5. What is the neighbourhood context for this value?
The home sits in a mature, established area where properties are often closer in value to each other. Its sale price ranked above average for both the street and Burrows Central, indicating it is considered a premium property within its specific, more affordable market context.