Property Overview & Key Characteristics
This well-situated one-storey home at 981 Boyd Avenue in Winnipeg's Burrows Central neighbourhood presents a practical and appealing opportunity. Its key appeal lies in a combination of a generous, above-average lot size for the area and a recently renovated basement, offering immediate livability and potential for expansion. Built in 1957, it is notably newer than many surrounding homes. While the living space is modest at 898 sqft, the detached garage and significant 3,597 sqft lot provide valuable outdoor and storage space. The home last sold in 2019 for $220k, a price point that was above average for its immediate street and neighbourhood at the time, indicating a perceived premium for its condition or attributes.
This property would suit first-time buyers seeking a manageable home with a solid foundation and outdoor space, or investors looking for a stable rental in an established community. It’s particularly suited for those who value a larger lot over a large interior footprint, seeing the potential for future gardens, additions, or simply more private outdoor room than is typical in the area.
Frequently Asked Questions
1. What does the "above average" assessed value mean for taxes?
An assessed value that ranks above average for the street and neighbourhood generally suggests the municipality views the property as having higher value than many around it. This can be a reflection of the renovated basement, lot size, or overall condition, but it also typically correlates with proportionately higher property taxes compared to nearby homes with lower assessments.
2. How significant is the lot size?
At 3,597 sqft, the lot is in the top 23% on Boyd Avenue. This is a standout feature, offering more yard space than most comparable properties. It provides a tangible sense of openness and potential not found in tighter lots, whether for recreation, gardening, or future projects.
3. The living area is noted as "below average" citywide. Is the house too small?
The 898 sqft living area is compact, but it's actually around the average for both the street and the Burrows Central neighbourhood. This highlights the importance of context: it’s a comfortably sized home for the area it's in. The renovated basement effectively adds functional space, making the overall usable area feel larger.
4. What is the significance of the 1957 build year?
In an area where many homes were built in the 1910s-1930s, a 1957 build is a relative advantage. It may imply newer construction materials, wiring, and plumbing systems than much of the surrounding housing stock, potentially reducing immediate concerns about the age of core components.
5. Who might the nearby "similar assessed value" properties be relevant for?
The list of homes with identical assessed values ($23.60k) in other neighbourhoods, like Varsity View, is useful for understanding municipal valuation. It shows what the city assesses at the same level, but these homes will have vastly different market values due to location. For buyers, it underscores that the assessed value is a tax tool, not a direct market price indicator.