Property Overview: 1148 Boyd Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its solid value proposition and generous lot size. With 3,837 square feet of land, the property offers an above-average yard for the immediate area, ranking within the top 18% on its street. The home itself is modest in size at 900 square feet of living space, which is typical for the neighbourhood, and features a renovated basement.

The property would suit first-time buyers or investors seeking an entry point into the market with a manageable footprint and clear, established value. Its above-average assessed value for both the street and neighbourhood indicates it is perceived as a solid asset in its local context. A thoughtful perspective for a buyer is to see the generous lot not just as outdoor space, but as long-term potential, whether for gardening, expansion, or simply as a premium in a neighbourhood where lots are generally smaller. The recent renovation of the basement adds functional living space and modern appeal to the classic structure.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value mean for this home?
While the assessed value is below the Winnipeg city average, it ranks well above average for both Boyd Avenue and the broader Burrows Central neighbourhood. This suggests the property is considered a higher-value asset within its specific local market context.

2. Is the living space too small?
At 900 square feet, the living area is around the neighbourhood average. It represents a more compact, efficient layout that can mean lower utility costs and less maintenance, suiting buyers looking for a cozy, manageable home without excessive space.

3. What is the significance of the large lot size?
The 3,837 sqft lot is a standout feature, offering more outdoor space than most properties on the street and in the area. This provides valuable room for recreation, pets, gardening, or future outdoor projects that wouldn't be possible on a standard-sized lot.

4. The home was built in 1948. What should I consider?
While the home is older, its year of construction is actually newer than many on the street and in Burrows Central. A renovated basement is a positive update. A standard home inspection is always recommended to understand the condition of major systems like plumbing, electrical, and the roof.

5. There is no garage. How does that impact the property?
The lack of a garage is common for homes of this era and in this price segment. Buyers should plan for on-street parking or consider the cost and feasibility of adding a shed or parking pad in the future, for which the larger lot is an advantage.