Property Overview: 1043 Boston Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot size and living space within its immediate area. At 1,280 sqft, the living area is notably larger than most comparable homes on Boston Avenue and in the Maybank neighbourhood. The 5,049 sqft lot is also above average for the street, offering good outdoor potential. Built in 1930, the property is one of the older homes in the area, which often appeals to those interested in character homes, though it implies a need for careful consideration of maintenance and updates.
Its primary appeal lies in its space efficiency and established location. With a relatively low assessed value compared to city-wide averages, it represents an accessible entry point into homeownership with room to grow, particularly for buyers willing to invest sweat equity. The sale history suggests steady appreciation.
This property would best suit practical first-time buyers or investors looking for a solid footprint and who are not daunted by the needs of an older home. It’s less suited for those seeking a modern, turn-key property or for whom a premium assessed value is a key priority.
Section 2: Frequently Asked Questions
1. Why is the assessed value relatively low?
The assessed value is below average for the city and street, which is likely influenced by the home's age (1930) and potentially its condition or specific market factors in Maybank. This can result in lower property taxes, but it's essential to differentiate assessed value from current market value.
2. What does the 1930 build year mean for me?
While offering classic character, a home of this age requires a diligent inspection. Key considerations will be the state of major systems (plumbing, electrical, roof, foundation) and the level of updates completed over the years. Budgeting for ongoing maintenance is crucial.
3. How does the lot size benefit me?
At over 5,000 sqft, the lot is a standout feature. It provides ample space for gardening, recreation, parking, or future expansions like a shed, deck, or addition, subject to local zoning bylaws.
4. The home sold in 2016 and 2022. What does that indicate?
The sales in 2016 ($200k-$250k) and 2022 ($250k-$300k) suggest a pattern of ownership turnover every 6 years and apparent price growth in that period. This could indicate it's a neighbourhood with moving appeal or that the property serves as a successful "stepping stone" home.
5. How can I get the exact historical sold prices?
The listing service provides price ranges based on public data. To obtain the exact sale prices, you must request them directly via the email button on the listing page. They provide this information manually and state they do not use the contact for unsolicited marketing.