Property Overview: 1001 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-and-a-half storey home built in 1949 on a notably spacious 3,420 sqft lot in Burrows Central. With 1,036 sqft of living space, a detached garage, and an unrenovated basement, it presents a straightforward opportunity. Its primary appeal lies in its land value and location context. The lot size is well above average for both the immediate street and the neighbourhood, offering potential for expansion, gardening, or future redevelopment relative to nearby properties. While the home itself is typical in size for the area, it was built significantly later than many neighbouring houses, which may suggest more modern construction materials or layout for its vintage.
The property suits practical buyers looking for a foothold in the market, such as first-time homeowners comfortable with a property that may require updates, or investors interested in the long-term value of the land. Its very low assessed value indicates an accessible entry point. A less obvious perspective is that this home represents a relatively "younger" property on a street and in a neighbourhood with many older homes, potentially offering a balance of established community character with slightly newer infrastructure.
Frequently Asked Questions
1. What does "above average" for year built on the street actually mean?
It means this 1949 home is newer than most on Boyd Avenue, where the average comparable home was built around 1930. This could imply differences in original building materials or design.
2. How can the assessed value be so much lower than the city-wide average?
The assessed value is primarily based on the local market in Burrows Central. While very low compared to the Winnipeg average, it is actually above average for Boyd Avenue itself, reflecting hyper-local property values.
3. What is the significance of the large lot size?
At 3,420 sqft, the lot is larger than most in the immediate area. This is the property's standout feature, providing more outdoor space than neighbours and possibly greater flexibility for future projects, subject to zoning.
4. Does an "unrenovated basement" mean it's unfinished?
"Unrenovated" typically means the basement exists but is in its original, likely basic state. It may be suitable for storage or utilities but would require significant work to become finished living space.
5. Who would this property not suit?
It would likely not suit buyers seeking a turn-key, modern home or those who prioritize high-end finishes and immediate amenities. The value here is in the land and the foundational structure, not in updated comforts.