Property Overview: 1140 Boyd Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-and-a-half storey home in Burrows Central presents a solid opportunity, particularly for its land value and location. Built in 1948, it sits on a notably larger-than-average lot for the immediate area (3,837 sq. ft.), offering valuable outdoor space and potential. The home itself is modest in size at 900 sq. ft., but features a renovated basement and a detached garage. Its appeal lies in a combination of a strong, established neighbourhood lot and updated essentials, suggesting a property with its major systems addressed. The 2021 sale price of $280k significantly outperformed area averages at the time, indicating a history of strong perceived value for this specific street.
This property would suit a first-time buyer or an investor looking for a manageable footprint with a good land base in a mature neighbourhood. It’s a practical choice for someone who values outdoor space over extensive interior square footage and appreciates a home that has seen some key renovations. The data suggests it’s a standout on its own street, which can be a marker of stability and desirability within a larger community.
Section 2: Frequently Asked Questions
Q: How does the lot size compare to nearby properties?
A: The 3,837 sq. ft. lot is a key feature. It ranks in the top 18% on Boyd Avenue itself, meaning it’s significantly larger than most direct neighbours and offers more private outdoor space.
Q: The living area is 900 sq. ft. Is that typical?
A: It’s around the average for both the street and the broader Burrows Central area. The home’s value is more weighted toward its land size and the renovated basement, which adds functional space beyond the main floor living area.
Q: What does the assessed value tell us?
A: The city’s assessed value is consistently above average for both the street and neighbourhood. However, it’s important to note this is not a market valuation. The 2021 sale price of $280k was well above area averages at the time, which is a stronger indicator of its market performance.
Q: Is the 1948 build date a concern?
A: While older, the year built is actually newer than most homes on the street and in Burrows Central. The renovated basement is a positive sign of updates. A thorough inspection would be advised to understand the condition of other original components like the roof, wiring, and plumbing.
Q: Who might this property not suit?
A: It may not be ideal for those seeking a modern, open-concept layout or substantial interior space without a expansion project. The value proposition is grounded in land and location rather than a large, move-in-ready footprint. Buyers needing multiple bedrooms or dedicated home-office spaces on the main floor should assess the layout carefully.