Property Overview: 1050 Boyd Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic, no-frills one-storey home built in 1947 on a generously sized lot in the Burrows Central neighbourhood. Its primary appeal lies in its solid foundation—both literally and figuratively—as a land-value proposition and a straightforward entry point into homeownership.

The standout feature is the 4,184 sqft lot, which is significantly larger than most in the immediate area and ranks in the top 10% on its street. This offers valuable outdoor space and future potential. The home itself is modest at 882 sqft of living space, typical for its era, and presents as a clean canvas. Its most recent sale price of $170k aligns with the neighbourhood norm, but its very low assessed value suggests it is viewed primarily as a land asset or a candidate for significant updating.

This property would best suit a practical, value-oriented buyer. This includes first-time purchasers comfortable with a home that may require personalization, an investor looking for a lot with redevelopment potential, or someone seeking a manageable property without the premium price tag of a modernized home. It’s for those who see the underlying value in the land and the structure’s possibilities, rather than expecting a turn-key solution.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the recent sale price?
Assessed values for taxation purposes often lag behind market trends and can heavily reflect a property’s condition and original structure. The significant gap here likely indicates that the city’s assessment views the property as a basic, older home, while the market price reflects the value of the large lot and location.

2. What does the lot size mean for me?
The lot is well above average for the street. This provides more private outdoor space than neighbours might have and is a key asset. For the right buyer, it could allow for additions like a larger garage, a garden, or even future expansion of the home, subject to zoning.

3. Is this a "tear-down" property?
Not necessarily. While the low assessment highlights its land value, the home was clearly livable enough to sell recently. It may be perfectly functional but dated, making it more of a "fixer-upper" or "value-add" opportunity rather than an immediate demolition project.

4. How does the age of the home affect things?
Built in 1947, it’s older than many city homes but newer than most on its street. Buyers should budget for updates consistent with its age, such as potential knob-and-tube wiring replacement, plumbing updates, or insulation improvements, while also appreciating the character and sturdy construction of that period.

5. Who are the typical neighbours or buyers in this area?
Burrows Central is an established, no-pretense neighbourhood. Buyers here are often pragmatic, seeking affordability and community. The property fits those looking for a stable, long-term home without the high costs of trendier areas, or investors familiar with the consistent rental demand in such communities.