Property Overview: 856 Boyd Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home (built 1915) on a standard city lot in the Burrows Central neighbourhood. Its key characteristic is its modest scale: with 645 sqft of living space, it is notably smaller than most homes on its street and across Winnipeg. The property includes a detached garage and an unrenovated basement. The land size is also below average for the area.
The primary appeal lies in its affordability and simplicity, as reflected in its well-below-average assessed and recent sale values. This is not a move-in-ready or feature-rich home, but a straightforward property with core utilities. It would suit a very specific buyer: someone seeking an entry point into homeownership with minimal upfront cost, an investor looking for a basic rental property, or a buyer with plans for a ground-up renovation or rebuild who values the existing lot and location over the current structure. Its smaller size also means lower ongoing utility and maintenance costs relative to larger homes.
Frequently Asked Questions
1. Is this a "teardown" property?
Given its age, very small living area, and unrenovated state, many buyers would consider the land value to be the primary asset. It is a strong candidate for a full renovation or complete rebuild to modern standards.
2. How does the low assessed value impact property taxes?
Yes, the significantly below-average assessed value suggests annual property taxes would be correspondingly low compared to most properties in the city. This is a key factor in its low cost of ownership.
3. What should I know about the neighbourhood?
Burrows Central is an established, older neighbourhood. The data shows that homes here, on average, have smaller lots, are older, and have lower values than the Winnipeg city-wide average. This indicates a more affordable, working-class area.
4. Are the utility systems updated?
The listing does not mention updates to major systems like plumbing, electrical, or heating. For a home built in 1915, this is a critical consideration. Buyers should budget for potential upgrades or include an inspection condition to evaluate these aging components.
5. How does its size compare to nearby homes?
It is significantly smaller. Comparable homes on Boyd Avenue average about 1,047 sqft, meaning this home has roughly 60% of the typical living space on the street. This underscores its uniqueness as a very compact dwelling.