Property Overview & Key Characteristics
This one-and-a-half storey home on Boyd Avenue presents a straightforward opportunity centered on its land and location. Built in 1948, the 882 sqft house sits on a notably large 4,415 sqft lot, which ranks in the top 8% for size on its street. Its assessed value is modest and in line with the immediate area, reflecting the home's smaller living space and vintage.
The primary appeal lies in the property's land potential and its position in a stable, established neighbourhood like Burrows Central. It suits a practical buyer looking for an entry point into homeownership, an investor interested in the long-term value of the lot, or someone comfortable with a home that may require updates. A thoughtful perspective is that while the house itself is average for the street, the lot size offers a relative rarity and flexibility—whether for gardening, expansion, or simply more private outdoor space—that isn't common in this price segment.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. At 4,415 sqft, the lot is significantly larger than many in the immediate area and represents the property's standout feature, offering more space than typical for the neighbourhood.
2. What type of buyer is this home best suited for?
It's best suited for first-time buyers, investors, or downsizers with a realistic budget who prioritize land size and location over move-in-ready condition or square footage. It may appeal to those with renovation plans.
3. How does the assessed value compare?
The assessed value is very average for Boyd Avenue and Burrows Central, but is well below the Winnipeg citywide average, indicating its affordability within the broader market.
4. What should I consider about the home's age and condition?
Built in 1948, the home is newer than many on its street but will likely have systems and components typical of its era. A thorough inspection is recommended to understand the condition and any needed updates.
5. How does the living space compare to nearby homes?
At 882 sqft, the living area is slightly below the average for both the street and the neighbourhood, suggesting a compact layout. This is a key consideration for space needs versus the benefit of the larger lot.