Property Overview: 1018 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1947, situated on a notably generous lot in the Burrows Central neighbourhood. Its primary appeal lies in the land itself—at 4,531 sq ft, the property size is well above average for both the immediate street and the wider area, ranking in the top 7% locally. This presents a significant opportunity for expansion, gardening, or outdoor living. The house is compact, with 700 sq ft of living space, and features a detached garage.
The property suits practical, value-oriented buyers. It’s ideal for a first-time homeowner comfortable with a home that may require updates, or an investor looking for a land-strong asset with renovation or redevelopment potential. Its assessed value is modest relative to the city-wide average, suggesting an accessible entry point into the market. A less obvious perspective is that this property represents a trade-off: you are acquiring space and potential in the land, rather than in the current dwelling. It’s a canvas for a buyer’s vision, rather than a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. What is the true draw of this property?
The standout feature is the lot size. You are purchasing a parcel of land significantly larger than most in the area, which offers flexibility for future projects, from a large addition to extensive landscaping, that wouldn't be possible on a standard lot.
2. What should I expect from the living space?
With 700 sq ft, the home is compact and functionally oriented. It would suit a single person, a couple, or someone who views the interior as a starting point for renovation. The focus here is on efficient use of space rather than spaciousness.
3. How does the value compare?
The home last sold for $14,800 in 2019 and has a current assessed value of $150,000. This assessed value is around average for Boyd Avenue but below the averages for both the neighbourhood and Winnipeg as a whole, indicating it is a more affordable option within the city.
4. Who would this property not suit?
It would likely not meet the needs of a family seeking immediate, move-in-ready space, or a buyer unwilling to consider future renovations or who prioritizes a modern, large interior over land potential.
5. What does the neighbourhood context tell me?
The data shows that while the home is older and smaller than many in Winnipeg, it sits on a street and in an area where older homes on good-sized lots are common. This suggests the potential for similar redevelopment or renovation activity nearby, which can be a positive indicator for future value.