1031 Boston Avenue

Property Overview: 1031 Boston Avenue, Winnipeg

Key Characteristics & Appeal

This home at 1031 Boston Avenue in Maybank is a practical, mid-century property built in 1972. Its key characteristic is balance: it sits comfortably around or above average for its immediate area in most metrics without extreme highs or lows. The 884 sqft living area is modest and below the citywide average, suggesting a cozy, manageable layout. However, it sits on a larger-than-average lot for Maybank at just over 5,000 sqft, offering valuable outdoor space and potential.

The appeal lies in its solid positioning within the neighbourhood. Its assessed value ranks significantly above average for Maybank, indicating it is viewed favourably compared to local peers. For a buyer, this represents an opportunity to own a home with a strong foundational value in a mature community. It would suit first-time buyers or downsizers looking for a lower-maintenance property with a good lot size, or an investor seeking a stable, income-producing asset in a well-established area. A thoughtful perspective is that while the house itself is modest in size, the land parcel provides a tangible asset and flexibility that newer infill properties often lack.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
Its assessed value is above the average for the Maybank neighbourhood, ranking in the top 16% locally. This suggests the property is considered more valuable than most comparable homes in the immediate area.

2. Is the house particularly small?
At 884 sqft, the living space is below the Winnipeg city average. However, it is quite typical for the specific street and is only slightly below the average for the Maybank neighbourhood itself, aligning with the scale of many older area homes.

3. What is the potential of the lot?
The land area of 5,049 sqft is larger than the average lot in Maybank. This is a standout feature, offering more yard space than many neighbours and potential for gardening, expansion, or outdoor living.

4. What can recent sale prices tell me?
The home sold in the $300k-$350k range in 2019 and the $250k-$300k range in 2016. These past sales ranked well above the area average at the time, indicating a history of strong market performance relative to its peers.

5. How does the age of the home affect things?
Built in 1972, the home is newer than many in Winnipeg and significantly newer than the average for Maybank (ranking in the top 12% locally). This could mean fewer concerns with some older building materials and systems common in pre-1960s construction, though a full inspection is always recommended.