Property Overview
This one-and-a-half storey home on a generous 4,554 sqft lot in Burrows Central presents a practical opportunity with notable value. Built in 1926, its key appeal lies in its above-average land size for the immediate area and a recently renovated basement, adding functional living space to the 1,024 sqft main footprint. The detached garage is a practical asset. While the living area is modest and typical for the neighbourhood, the property’s assessed value ranks well above average for both Boyd Avenue and Burrows Central, suggesting a solid foundation of value relative to its local market.
The home would suit first-time buyers or investors looking for a character home with a sizable yard in a established neighbourhood, without the premium price tag of newer or centrally-located areas. It’s also a candidate for those who value a renovated basement as immediate liveable space over a larger main-floor footprint. A thoughtful perspective is that the significant lot size offers potential for future expansion or outdoor living, a relative rarity on the street, while the city-wide below-average assessment indicates its affordability within the broader Winnipeg market.
Frequently Asked Questions
1. How does the lot size compare to others?
The 4,554 sqft lot is in the top 6% on Boyd Avenue and the top 14% in the Burrows Central neighbourhood, making it significantly larger than many nearby properties.
2. What is the significance of the assessed value being "above average" locally but "below average" citywide?
This indicates the home is valued highly compared to its immediate neighbours, likely due to factors like the renovated basement and lot size. The city-wide comparison shows it remains an affordable entry point into the Winnipeg market compared to homes in newer or more central districts.
3. Is the living space sufficient for a family?
At 1,024 sqft plus a renovated basement, the home offers compact main-floor living common for its era. It may suit a small family or those comfortable with utilizing the basement as primary living space to gain extra room.
4. What does the sale history tell us?
The home sold in March 2022 for $250,000. This recent transaction provides a clear, modern benchmark for its market value, which was well above its current assessed value at that time.
5. Are there comparable homes nearby?
The listing references 861 Redwood Avenue as "worth viewing," a similar vintage home in the same neighbourhood with a slightly smaller lot and living area, providing a useful direct comparison for buyers.