Property Overview: 1035 Chevrier Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 1035 Chevrier Boulevard in Maybank is a compact, post-war bungalow built in 1948, sitting on a notably generous lot for its street. With 742 sqft of living space, it is smaller than most comparable homes in the area, which typically exceed 1,000 sqft. However, its key asset is a 5,398 sqft lot that ranks well above average for Chevrier Boulevard, offering significant outdoor space and potential.
Its appeal lies in its position as an efficient, entry-level property with a low assessed value, recently sold in the $300k-$350k range. The large lot relative to the neighbourhood presents a clear value-add opportunity, whether for gardening, expansion, or future redevelopment. This property would best suit a first-time buyer, an investor looking for a hold-and-renovate project, or a downsizer seeking a manageable home with ample yard space. It’s a practical choice for those who prioritize land size over finished living area and see potential in a home’s underlying assets rather than its current condition.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1948 construction and below-average assessed value for the street, buyers should budget for updates. The systems, roof, and interior likely reflect its age, which is a factor in its accessible price point.
2. What does the large lot size actually mean for me?
The lot is over 5,300 sqft, which is larger than many nearby properties. This provides more privacy, room for additions like a garage or shed, and is a key long-term value driver in a neighbourhood where land is increasingly scarce.
3. How does the sold price compare to the assessed value?
The home recently sold for an estimated $300k-$350k, which is significantly higher than its $28,700 assessed value. This is common, as assessed value for tax purposes doesn't equate to market value. The sale price reflects what buyers are currently willing to pay for the property and its land.
4. Are the property taxes relatively low?
Yes, based on the lower assessed value, the municipal property taxes would be comparatively low for Winnipeg. This can improve monthly affordability.
5. What is the neighbourhood like?
Located in Maybank, it's a mature, established area. The data shows homes here are typically a bit newer (averaging 1960) and larger, so this property is one of the older, smaller homes on the block, offering a more affordable entry point into the community.