Property Overview: 1057 Boston Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and potential. Its standout feature is the generous 5,847 sqft lot, which ranks in the top 5% for size on Boston Avenue. This offers rare outdoor space for the neighbourhood, ideal for gardening, expansion, or simply enjoying a larger yard. The 1,180 sqft living area is also notably above average for both the street and the Maybank area, providing comfortable interior space.
Built in 1942, the home is older than most in the city, which suggests a need for a buyer comfortable with the character and potential maintenance of a classic build, but also the possibility of well-established landscaping and mature trees. The assessed value of $350k is consistently around the average benchmark across all comparison levels, indicating a fairly priced property in line with the market.
This property would suit a practical buyer looking for more land and interior space than is typical in the area without a premium price tag. It’s a strong candidate for someone who values outdoor room over a modern build, or for a homeowner with a vision to update a solid, spacious house on a prime lot.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is significantly larger than most on the street and in the immediate area. This is a less common find in established neighbourhoods and offers more privacy and versatility than a standard lot.
2. The home was built in 1942. What should I consider?
While it offers classic charm, you should budget for potential updates to older mechanical systems like plumbing or electrical. A thorough inspection is essential. The upside is that homes of this era often feature solid construction and larger room proportions.
3. How does the sold price history help?
The property sold for an estimated $300k-$350k in 2023. With a current assessed value of $350k, this suggests stable value. Requesting the exact sold price can provide a precise anchor for understanding the home’s recent market performance.
4. What does the "around average" assessed value mean?
It indicates the home is priced in line with the broader market for comparable properties, neither under- nor over-valued based on municipal assessment. This can be seen as a mark of stability and fair pricing.
5. Who are the likely neighbours?
The listing shows nearby properties are of similar vintage, suggesting a mature, established streetscape. The direct neighbours on Boston Avenue are very close (within 44 meters), so the large lot provides valuable buffer in this context.