Property Overview: 1108 Boyd Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home on Boyd Avenue in Burrows Central presents a practical and value-oriented opportunity. Its key characteristic is a generous 3,837 sqft lot, which is notably larger than most in the immediate area and neighbourhood, offering valuable outdoor space or future potential. The home itself, built in 1948, is of a more recent vintage than many on its street, and it features a renovated basement and a detached garage.

The appeal lies in its strong positioning within its local context. The data shows the property ranks above average for its lot size, year built, and assessed value when compared specifically to Boyd Avenue and the Burrows Central neighbourhood. This suggests a well-situated asset within a community of similar homes. The renovated basement adds immediate functional living space.

This property would suit a first-time buyer or an investor looking for a straightforward, land-advantaged home in a mature neighbourhood. It’s a pragmatic choice for someone whose priority is securing a solid footprint in the city without a premium price tag, and who values a larger yard over a large interior, as the living space is modest.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily for municipal tax purposes and is heavily influenced by the local market. In this case, the value is actually above average for both Boyd Avenue and Burrows Central, reflecting its relative standing in this specific, more affordable area of Winnipeg.

2. What does "above average for year built" mean here?
While the home was built in 1948, many homes on Boyd Avenue and in Burrows Central are older (averaging from 1930-1934). Therefore, this house is relatively newer compared to its direct peers, which can sometimes mean fewer concerns associated with very early 20th-century construction.

3. Is the living area sufficient for a family?
At 917 sqft, the living area is around the neighbourhood average but below the city-wide average. It indicates a compact floor plan. Suitability depends on family size and needs, but the renovated basement and large lot offer opportunities to expand living and recreational space.

4. How significant is the lot size?
The lot is a key feature. At 3,837 sqft, it's significantly larger than the local averages (3,089 sqft on the street, 3,491 sqft in the area). This provides a substantial yard for privacy, gardening, or play—a notable advantage in an older neighbourhood where lots can be smaller.

5. What can nearby sales data tell me?
The provided 2016 sale price is historical. More telling are the "Similar Assessed Value" examples, which include many condominiums. This highlights that for the price of a condo unit elsewhere, one can own a detached house with land here, underscoring the neighbourhood's value proposition.