1018 Boston Avenue

Property Overview & Key Characteristics

This home at 1018 Boston Avenue in Winnipeg’s Maybank neighbourhood presents a distinct profile. Its key appeal lies in the combination of a larger-than-average lot (over 5,000 sq ft) for the immediate street and area, paired with a very modestly sized and assessed home. Built in 1934, it is notably older than most comparable properties. The living area is compact at 682 sq ft, placing it below average for the street, neighbourhood, and city. Recent sold price history shows value appreciation, with sales in 2021 and 2022.

This property would suit a specific buyer: someone looking for a land-opportunity play, where the value is primarily in the lot itself rather than the existing structure. It’s a candidate for a long-term hold, a potential redevelopment site (subject to zoning), or for a buyer seeking minimal interior space and lower property taxes due to the low assessed value. It is less suited for those seeking a move-in ready home with modern square footage.

Frequently Asked Questions

1. Why is the assessed value so much lower than recent sold prices?
The assessed value is for taxation purposes and often lags behind market value, especially in a changing market. It primarily reflects the value of the very modest, older home itself, not necessarily the full market potential of the land.

2. What does the large lot size mean for me?
The lot is a standout feature for the street. It offers more outdoor space than neighbours and could provide future potential for expansions like a large garden, shed, or even redevelopment, depending on local zoning bylaws and lot dimensions.

3. The home is much older than others. What should I consider?
A home built in 1934 will likely require diligent inspection for foundational integrity, plumbing, electrical systems, and insulation. While it may have charm, budget for maintenance and updates that align with its age.

4. How reliable are the "sold price" ranges shown?
These ranges are based on public data estimates. For precise historical sale figures to understand exact appreciation, you must request the exact sold price history via the provided email service.

5. Who are the most likely neighbours or comparable properties?
The listing shows nearby homes on Boston Avenue and properties with similar assessed values, but these are primarily for tax comparison. True comparables for a purchase decision would be other homes on similar-sized lots with older, character homes, not just those with an identical tax assessment.