Property Overview & Key Characteristics

This 1922 one-and-a-half storey home on Boyd Avenue presents a straightforward, value-oriented opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its balance of a decently sized lot (just over 3,000 sq ft) with a very modestly sized and priced home. The property features a detached garage and an unrenovated basement, indicating it's a true blank canvas.

The home’s living space of 740 sq ft is notably compact, ranking below average for the street and city. This, combined with its unrenovated state, clearly positions it for buyers comfortable with a project, whether as a live-in renovation or a strategic investment. Its assessed value is significantly below the Winnipeg average, suggesting a lower entry point. The appeal here isn't about move-in-ready finishes or ample square footage; it's about the underlying land value, the potential of the structure, and the low relative cost within its immediate area. It would suit a practical first-time buyer looking for a foothold, an investor seeking a rental property with renovation upside, or a buyer who prioritizes lot size over house size and plans to expand or rebuild in the long term.

A thoughtful perspective is that while the house is small and older, its lot size is typical for the street, offering normal outdoor space for the area. Its "around average" rankings on the street for land area and year built show it's not an outlier in the local context, but rather a smaller house on a standard lot—a configuration that can represent potential.

Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped roofs, often with smaller or cozier bedrooms. Given the modest total living area, the upstairs space is likely quite compact.

2. The assessed value is listed at $14.90k, but it sold for $150k in 2018. Why is there such a large difference?
Municipal assessed value for taxation purposes is often much lower than market value. The sale price from 2018 is a far more relevant indicator of its actual market worth.

3. Is the unrenovated basement finished or usable?
The listing specifies "not renovated," which generally means the basement is in a rough, unfinished state. It likely has foundational walls and utilities but is not developed into livable space.

4. How does the living area compare to nearby homes?
At 740 sq ft, it is smaller than the average home on Boyd Avenue (approx. 1,047 sq ft). The provided comparable listings on Redwood Avenue show a range from 589 sq ft to 1,029 sq ft, confirming this is on the smaller end of the scale for older homes in Burrows Central.

5. What is the significance of the lot size rankings?
The lot is around average for both Boyd Avenue and the Burrows Central neighbourhood (top ~60%), but below average citywide. This indicates you're getting a typical local parcel, not an unusually small or large one for the area, which is useful for understanding redevelopment or expansion potential within the community's norms.