Property Overview
This one-storey home on Boyd Avenue in Winnipeg's Burrows Central neighbourhood presents a straightforward, value-oriented opportunity. Built in 1912, its key characteristic is its modest scale on a standard city lot. The 926 sqft living area is typical for the immediate area and the home features a detached garage and a basement that has not been renovated.
Its primary appeal lies in affordability and location within a well-established community. The home last sold for $11,500 in early 2022, and its assessed value remains well below city averages, suggesting a lower barrier to entry. It would suit a first-time buyer comfortable with a home that needs updates, an investor looking for a rental property with a classic footprint, or someone seeking a manageable, no-frills property in North Winnipeg. A thoughtful perspective is that its very modest scale and valuation could represent a lower-risk entry point for learning about home ownership or renovation in a stable, mature neighbourhood.
Frequently Asked Questions
1. What is the condition of the home?
The listing notes the basement is "not renovated," which typically indicates it remains in a basic, utilitarian state. Given the home's age (114 years), buyers should budget for updates and a thorough inspection.
2. Why is the sale price and assessed value so much lower than the Winnipeg average?
The value reflects the home's smaller size, age, and the specific market dynamics of the Burrows Central area, where property values are generally more affordable compared to the wider city.
3. Is the lot size a positive or negative?
At 2,283 sqft, the lot is smaller than average for both the neighbourhood and the city. This means less yard maintenance but also less private outdoor space. It is a standard lot size for many older, central Winnipeg communities.
4. Who would this property not suit?
It likely wouldn't suit buyers looking for a modern, move-in-ready home, those needing significant space, or anyone seeking a property with immediate equity matching city-wide averages.
5. How does it compare to nearby homes?
Similar homes on nearby streets like Redwood and Aberdeen Avenue are of comparable age, size, and value, confirming this property is typical for the local market rather than an outlier.