Property Summary: 1077 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a straightforward opportunity centered on its land. The house itself is modest, with 988 sqft of living space and an unrenovated basement, and includes a detached garage. Its primary appeal lies in the property's generous 4,555 sqft lot, which ranks in the top 5% for size on Boyd Avenue. This above-average land parcel in the Burrows Central neighbourhood offers significant potential for expansion, gardening, or outdoor space—a notable advantage in an urban setting.
The home suits practical buyers looking for an entry point into the market, investors interested in the value of the land itself, or hands-on individuals who see potential in a property where the value is more in what you could do with it rather than in its current condition. A thoughtful perspective is that while the house is average for its immediate area, its lot size is a standout feature that may not be easily replicated, offering a form of future-proofing for the property's value.
Section 2: Frequently Asked Questions
1. What is the true focus of this property listing?
The data emphasizes the land. The lot is significantly larger than average for the street and neighbourhood, suggesting the property's long-term value and appeal are tied more to the land parcel than the existing structure.
2. Is the house move-in ready?
The listing notes the basement is "not renovated," and the home is of a vintage era. Buyers should budget for updates and maintenance consistent with a home of this age.
3. How does the assessed value compare to the recent sale price?
The property was assessed at $20,400 and sold for $21,500 in April 2023. This close alignment suggests a market value based on its current state, not speculative future potential.
4. What does the "below average citywide" ranking for value mean?
While the assessed value is above average for its street, it falls in the bottom 10% compared to all Winnipeg properties. This highlights its position as an affordable option in the broader market, likely due to the home's condition and neighbourhood.
5. Who might this property not suit?
It is likely not a match for buyers seeking a modern, turn-key home without renovation projects. Its value proposition is fundamentally different from that of a updated property in a newer suburb.