Property Overview: 1068 Boyd Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is a classic one-and-a-half storey property built in 1947, situated on a notably spacious 4,175 sqft lot in Burrows Central. Its key appeal lies in the land itself; the lot size is in the top 10% for its street and top 19% for the neighbourhood, offering above-average outdoor space and potential in a city where larger lots are increasingly rare. The living area is a modest 982 sqft, which is quite typical for the immediate area, suggesting a home focused on essentials rather than expansiveness. It features a detached garage.
The property suits practical, value-oriented buyers. It would appeal to a first-time buyer or an investor looking for a land-strong asset with a manageable structure, where the value proposition is rooted more in the property's footprint and location than in the size of the house. It’s also a fit for those who prefer a simpler, older home character without the premium of a modern renovation, and who see potential in the generous yard for gardening, expansion, or simply as a rarity in an urban setting. The very low assessed value relative to the city-wide average indicates an accessible entry point into the market.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
This is typical for older, more modest homes in established neighbourhoods. The assessment reflects the home's specific characteristics and local market values, not the soaring averages of newer or more affluent areas. It indicates a relatively affordable tax base.
2. What does the lot size ranking actually mean for me?
Ranking in the top 10% on the street and top 19% in the neighbourhood means your yard is significantly larger than most nearby properties. This provides more privacy, space for projects, and is a tangible asset that newer subdivisions rarely offer.
3. Is a home from 1947 going to have major issues?
While the building is older, the data shows it is actually newer than many comparable homes on the street and in Burrows Central. Any home of this age will require a thorough inspection, but its year of build is not an outlier for the area.
4. The living space seems small. How does it compare?
At 982 sqft, it is slightly below the street average but actually a bit above the current neighbourhood average. It represents the typical, efficient footprint of its era and is standard for the local context.
5. Who are the likely neighbours, given the nearby similar assessed values?
The listed properties with similar assessed values are a mix of addresses, including some that appear to be apartment or condo units. This suggests the immediate market context includes a variety of housing types, from single-family homes like this one to multi-family dwellings, indicating a diverse, established community.