Property Overview: 780 Boyd Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home on Boyd Avenue in the Inkster-Faraday neighbourhood presents a practical and straightforward opportunity. Its key characteristic is a renovated basement, adding valuable finished space to the 768 sqft main floor. The home sits on a standard city lot with a detached garage. Built in 1943, it is of a typical vintage for the area.
The primary appeal lies in its value proposition and move-in readiness due to the basement renovation. The assessed value is notably above average for Boyd Avenue itself, suggesting the property is well-regarded within its immediate context. It suits first-time buyers or investors looking for an affordable, low-maintenance entry into the Winnipeg market. A thoughtful perspective is that while the living space is modest compared to city averages, this can translate to lower utility costs and less upkeep, appealing to those seeking efficiency. The renovated basement also offers flexibility, potentially serving as a separate living area, home office, or rental suite, which enhances its utility beyond the square footage.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in March 2024 for a price range estimated between $20.5k and $23.5k, which aligns closely with its current assessed value of $20.60k.
2. Is the living space smaller than other homes in the area?
Yes. At 768 sqft, the living area is below the average for comparable homes on Boyd Avenue (~1,047 sqft) and within the wider Inkster-Faraday neighbourhood (~1,025 sqft).
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the extent or finish. This is a key detail to clarify with the seller or agent to understand the quality and layout of the additional space.
4. Are properties on this street actively selling?
The listing provides several nearby addresses on Boyd Avenue, and the "For Reference" example at 785 Boyd Avenue sold recently, indicating active turnover in the immediate vicinity.
5. Why is the city-wide assessed value ranking so high (Top 91%)?
This can be misleading. A "Top 91%" rank for assessed value city-wide means the value is in the bottom 9% of all Winnipeg properties. This reflects the home's affordability in the broader market, not a premium valuation.