Property Overview: 976 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Burrows Central presents a practical opportunity. Its primary appeal lies in a combination of a generous, above-average lot and a recently renovated basement, offering space and modernized living areas. Built in 1947, the house itself is of a modest 845 sqft, but the nearly 4,000 sqft lot provides valuable outdoor space and potential.
The home’s standout feature is its strong positioning within its immediate area. It ranks in the top tiers for lot size, year built, and assessed value compared to its street and neighborhood—suggesting it's a solid asset in its local market. The significant jump in sale price from 2020 to 2024 indicates active market interest and perceived value growth in the area.
This property would suit first-time buyers seeking an entry point with a move-in-ready basement, or value-focused investors attracted by the lot size and neighborhood metrics. It’s a home for those who prioritize land and location over sheer interior square footage, seeing the outdoor space and established community as key assets.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and features (such as a separate entrance, bathroom, or kitchenette) which significantly impact value and utility.
2. Why is the assessed value so much lower than the recent sale price?
The assessed value ($21,200) is for municipal tax purposes and often lags behind the current market. The recent sale price of $260k is a clearer reflection of its present market value, driven by factors like the renovation, lot size, and neighborhood demand.
3. What are the implications of having no garage?
The property has no garage, which is common for homes of this era. Buyers should consider the cost of adding off-street parking if desired, or factor in on-street parking availability. The large lot does provide space for a future garage or shed, subject to local bylaws.
4. How does the living area size affect livability?
At 845 sqft, the main floor living space is compact. The renovated basement effectively doubles the usable area, making the home feel larger. This layout suits smaller households or those who utilize the basement as a primary living space, recreation room, or separate suite.
5. The home is older—what should I be mindful of?
Built in 1947, the core systems (roof, wiring, plumbing, insulation) may need evaluation or updating, even with a renovated basement. An inspection is crucial to understand the condition of the original structure and to plan for any necessary maintenance or upgrades.