Property Overview: 1022 Boyd Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This well-situated one-storey home in Burrows Central sits on a generously sized lot of over 4,500 sq ft, which is notably larger than most in the immediate area and neighbourhood. Built in 1948, it is a newer construction compared to many neighbouring homes. The living space is a practical 992 sq ft, consistent with area norms, and features a renovated basement and a detached garage. Its recent sale price positioned it above average for the street.
The primary appeal lies in its land value and established location. The lot size offers a rare commodity—ample outdoor space for gardening, play, or expansion in a mature neighbourhood. The renovated basement adds functional living space. With an assessed value that is modest relative to the city-wide average, it presents an accessible entry point into the Winnipeg market.
This property would suit a first-time buyer or practical investor looking for a land-strong asset in a long-established community. It’s also a fit for those who value private outdoor space over a large interior footprint and are comfortable with a home whose core structure is older but sits on a desirable and sizeable plot.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality of the renovation and determine if it is a finished living space, a recreational area, or updated utility space.
2. How does the large lot size affect me?
Beyond providing more private yard space, a larger lot can mean higher maintenance (e.g., lawn care, snow clearing) but also offers greater potential for future projects like adding a deck, garden, or storage shed, subject to local bylaws.
3. The home is older; what should I check?
While built later than many on the street, a 1948 home will still require diligent inspection. Focus on the foundation, roof age, electrical and plumbing updates, and the quality of the basement renovation to ensure it addresses moisture control and insulation.
4. Is the assessed value a good indicator of the property tax?
Not directly. The assessed value is used by the city to help determine your share of property taxes relative to others. Your actual tax bill will be based on the municipal tax rate applied to your property’s assessed value after purchase.
5. The home sold recently in 2022. What does that mean?
The 2022 sale provides a clear, recent market price benchmark. It suggests the market has actively valued the property in the current economic climate, which can be a useful data point for understanding its price trajectory and current listing position.