Property Overview
1024 Boston Avenue is a modern, compact home built in 2019, offering a low-maintenance lifestyle in Winnipeg's Maybank neighbourhood. Its primary appeal lies in its contemporary construction, which stands out in an area of mostly older homes, and its efficient use of space. The 978 sqft living area is practical for singles, couples, or small families. While the lot size is smaller than many in the city, this translates to less yard work. The property’s assessed value is strong for its immediate area, suggesting it is well-regarded within its market segment. This home would suit first-time buyers seeking a move-in-ready property without the concerns of an aging structure, or downsizers looking for a modern, manageable home in a established community.
Key Details & FAQs
Key Characteristics & Appeal:
This home’s standout feature is its age. Built in 2019, it is newer than approximately 96% of homes in both Maybank and Winnipeg overall, offering modern building standards, systems, and likely lower immediate repair costs. Its living space is comfortably average for its street and neighbourhood, designed for efficient living. The appeal is balanced: you’re trading a larger lot (the property sits on a smaller parcel compared to most city lots) for the benefits of a newer build in a mature area. It suits buyers who prioritize a modern, worry-free interior over extensive outdoor space, and who value a home that already ranks above average in assessed value within its local context.
Frequently Asked Questions:
1. What does the "Elite" ranking for Year Built mean?
It indicates the home is among the newest 4% of properties when compared to all homes in Maybank and Winnipeg. This is a significant advantage in an older housing stock, typically implying newer major components like roof, HVAC, and windows.
2. The lot is noted as "below average" in size. Is that a major drawback?
It depends on your lifestyle. The 2,525 sqft lot requires less maintenance and landscaping, which is a plus for those seeking simplicity. However, it may limit options for large additions, pools, or extensive gardening compared to larger standard lots in the city.
3. How should I interpret the sold price history?
The home sold in the $350k-$400k range when new in 2019, and in the $400k-$450k range in 2024. This indicates appreciation. For the exact sale prices to inform your offer, you must request them directly via the provided email service, as only ranges are publicly posted.
4. The assessed value seems low compared to the sold price. Why?
Municipal assessed value for tax purposes (shown as $40.80k) is not the market value. Market value is determined by recent sales of comparable homes, like the 2024 sale price range shown. The assessment is useful for comparing the property’s tax base relative to neighbours.
5. What are the less obvious trade-offs of a newer home in an older area?
While you gain modern interiors, the home’s architecture and lot size may differ from the neighbourhood's established character. You may have fewer mature trees and smaller outdoor space than older homes on the same street, but you also benefit from being part of a settled community with existing amenities and landscaping.