1157 Boyd Avenue

Property Overview: 1157 Boyd Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its generous 3,644 sqft lot, which is notably larger than most in the immediate area and offers above-average outdoor space for the street and neighbourhood. The home itself, at 917 sqft of living area, is modestly sized but complemented by a renovated basement, adding functional space.

The property suits first-time buyers, investors, or downsizers seeking an entry point into the market with a focus on land value and renovation potential. Its assessed value is proportionally higher than many nearby homes, suggesting it is already in better condition or has seen improvements. A thoughtful perspective is that while the living space is average for the area, the lot size is a standout feature that provides room for expansion, gardening, or simply more privacy than typical lots—a valuable asset that isn't immediately obvious from the floorplan alone. The 2022 sale price indicates active and recent market interest.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, legal compliance, and moisture control should be verified through a viewing and inspection.

2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability and consider the cost of adding a shed or future parking structure, given the lot has the space to potentially accommodate one.

3. The assessed value seems low. What does this mean for property taxes?
While the assessed value is low citywide, it is above average for Boyd Avenue. Property taxes are based on this mill rate valuation, so they are likely correspondingly lower than the Winnipeg average, but in line with or slightly above others on the street.

4. Is this a good investment for future value?
The above-average lot size is a strong, appreciating asset in an established neighbourhood. Future value will depend on broader market trends and any further improvements made to the home itself.

5. What are the implications of the home's age (1948)?
While newer than many homes on the street, a home of this age likely has original components. The renovated basement is a plus, but a thorough inspection for the roof, wiring, plumbing, and insulation is essential to understand any needed updates.