Property Overview & Key Characteristics

This property at 857 Boyd Avenue in Winnipeg's Burrows Central neighbourhood presents a unique value proposition centered on its land. The lot is a substantial 2,277 sqft, ranking in the top 11% for size on its street, which is a significant asset in an older, established area. The home itself is among the oldest in its immediate area, street, and even city-wide, indicating a classic character home likely built in the early 1900s. Its very low assessed value of $8,900 reflects this vintage and suggests a project property.

The primary appeal lies in its potential. It suits a specific buyer: an investor, developer, or hands-on homeowner looking for a land play or a full-scale renovation project. The combination of a large lot in a central location with a low entry cost creates opportunity. A less obvious perspective is that such a property can act as an affordable entry into a neighbourhood where surrounding homes have significantly higher assessments, allowing for sweat equity to build value. It's not a move-in-ready home, but a foundation for one.

Frequently Asked Questions

1. What does the extremely low assessed value indicate?
It primarily reflects the age and likely condition of the existing structure, not the market value of the land. It suggests the home requires significant modernization or may even be a candidate for replacement, making the land itself the key value driver.

2. Who is the ideal buyer for this property?
This property is suited for investors, builders, or renovation-focused buyers. It is a project, not a turn-key home, and appeals to those with the vision, budget, and capability to improve or redevelop the site.

3. How does the lot size compare to nearby properties?
The 2,277 sqft lot is notably larger than many in the area, ranking in the top 11% on Boyd Avenue. This is a key advantage, offering more outdoor space or potential for additions compared to neighbouring plots.

4. The listing shows no data for living area, basement, or year built. Why?
This typically means this specific data was not available in the municipal database at the time of posting. Given its age and low assessment, it may not have been recently measured or assessed for interior space. The year is confirmed as very old, likely pre-1920.

5. What can nearby "comparable" assessed value properties tell me?
The listed comparables with similar low assessments are in different neighbourhoods like Transcona North and Brooklands. This highlights that 857 Boyd Avenue's value is in a similar assessment bracket, but its central location and lot size may offer different redevelopment potential and market dynamics than those other areas.