Property Overview: 972 Boyd Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Burrows Central presents a practical opportunity with a few distinct advantages. Its key feature is a generously sized lot of nearly 4,000 sqft, which is notably larger than most in the immediate area and neighbourhood. This offers valuable outdoor space and potential not found in many comparable properties. The home itself, built in 1947, is newer than many on its street and in Burrows Central, which may suggest fewer concerns related to the age of core components. A recently renovated basement and a detached garage add functional, modernized space.

The appeal here is grounded in value and potential. With a modest living area of 882 sqft, it suits buyers looking for a manageable footprint without sacrificing yard space. The assessed value is above average for the local area, indicating a solid standing within its market tier. This property would best suit a first-time homebuyer, an investor, or someone seeking a land-advantaged property where the value lies as much in the lot as in the existing structure. It’s a home that offers a sensible entry into the market with the added benefit of a blank-canvas backyard for gardening, expansion, or simple private enjoyment.

Frequently Asked Questions

1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.

2. How does the lot size compare to nearby homes?
The land area of 3,995 sqft is in the top 14% on Boyd Avenue and the top 21% in Burrows Central, meaning it is significantly larger than many neighbouring properties.

3. What does the "above average" assessed value mean in this context?
While the assessed value is above average for the street and neighbourhood, it is below the Winnipeg city-wide average. This typically indicates a property that is well-positioned within its more affordable local market.

4. The home sold in June 2020; is there known reason for a quick resale?
The property sold approximately four years ago. The reasons for the current sale are not provided; this would be a key point for buyer due diligence and discussion with the listing agent.

5. What are the implications of the home's living area being smaller than average?
At 882 sqft, the living space is compact. This emphasizes the efficient use of interior space and suggests that the property's overall value is more weighted toward its lot size and location rather than its square footage.