Property Overview: 1143 Boyd Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Burrows Central presents a compelling opportunity, particularly for its land value and location. Built in 1949, the house itself is modest at 735 sqft of living space, but it sits on a generously sized lot of nearly 4,000 sqft—a standout feature that ranks in the top 22% for the neighbourhood. The property includes a detached garage and features a renovated basement, adding functional space. Its most recent sale was in 2016 for $220k.

The primary appeal lies in its solid foundation—both literally and figuratively. The above-average lot size offers clear potential for expansion, gardening, or outdoor living, while the renovated basement provides immediate, usable square footage. The home’s assessed value ranks highly for its immediate street and area, suggesting it is a solid asset within its local market context. This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable home with a low-maintenance footprint but without sacrificing outdoor space. It’s a practical choice for someone who values the potential of the land and a established neighbourhood over a large, modern house.

Section 2: Frequently Asked Questions

1. Is the house too small for a growing family?
At 735 sqft, the main floor living area is compact. However, the renovated basement effectively doubles the usable space, making it more functional than the square footage suggests. The large lot also provides room for a future addition, subject to permits.

2. How does the assessed value compare to the likely selling price?
The municipal assessed value is significantly lower than the 2016 sale price of $220k. This is common, as assessed values for tax purposes often don't reflect current market value. The price will be determined by current market conditions.

3. What does the "above average" ranking for the lot size really mean?
It means that compared to other homes on Boyd Street and in the Burrows Central area, this property's land area is larger than most. In this neighbourhood, it's in the top 22%, offering more private outdoor space than typical.

4. Are older homes like this expensive to maintain?
Built in 1949, the core structure is 77 years old, so some systems (like plumbing or electrical) may need updating if not already addressed. The renovated basement is a positive sign, but a thorough inspection is always recommended for homes of this age.

5. Who might this property not suit?
It may not suit buyers seeking a large, open-concept modern layout without renovation work, or those who prioritize a brand-new build with warranties. The value here is in the land, location, and the potential to customize over time.