Property Overview: 1131 Boyd Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, post-war one-storey home built in 1948, situated on a notably generous lot in the Burrows Central neighbourhood. Its primary appeal lies in the combination of a renovated basement and a substantial, detached land parcel of nearly 4,000 sqft—a rarity for the area. While the living space (735 sqft) is modest, the property offers significant "blank canvas" potential, whether for expansion, gardening, or outdoor living.

The home suits two main types of buyers: first, practical investors or first-time owners looking for a solid, entry-level property with immediate rental potential from the basement suite and a manageable footprint. Second, it appeals to visionaries who see the long-term value in the large lot, ideal for those willing to invest in future renovations or additions. Its assessed value is strong for its immediate street and area, suggesting it is a well-regarded asset in its local market, even if it appears more affordable in a city-wide context.

Frequently Asked Questions

1. What does "renovated basement" specifically include?
The listing confirms the basement is renovated but does not detail the finishes or layout. A professional inspection is recommended to verify the quality of the renovation, confirm its legality as a suite, and identify any underlying moisture or foundation concerns common in homes of this era.

2. How can the lot size be an advantage if the house is small?
The large lot (3,917 sqft) is a key asset. It provides ample private outdoor space, room for storage sheds or a garden, and, crucially, future potential. For the right buyer, this opens possibilities like a rear addition, a garage workshop, or simply enjoying more greenery than is typical for central Winnipeg lots.

3. The assessed value seems low. What does this mean for property taxes?
Yes, the assessed value is significantly below the Winnipeg city average. This typically translates to lower annual property taxes compared to newer or larger homes, which is a practical, ongoing cost advantage for the owner.

4. Is the detached garage in good condition?
The listing confirms a detached garage exists but provides no details on its size, condition, or wiring. Viewing the property is essential to assess if it is suitable for vehicle storage, as a workshop, or if it requires repair.

5. The home is older. What should I be most concerned about?
Built in 1948, major systems like the roof, plumbing, electrical, and insulation should be carefully evaluated. The renovated basement is a plus, but ensure the renovation addressed core issues like waterproofing and did not conceal any necessary updates to the home's original structure and systems.