425 Boyd Avenue

Property Overview & Key Characteristics

This 1907 two-and-a-half storey home on Boyd Avenue presents a classic Winnipeg character property with practical updates. Its key appeal lies in the balance of historic charm and modern functionality. The home features a renovated basement and an attached garage, adding valuable, usable space. With a living area of 1,354 sq ft situated on a 3,008 sq ft lot, it offers a generous urban footprint, ranking highly for lot size within its St. John's neighbourhood and the wider city.

The property suits buyers looking for a solid, established home in a historic area who value space and some updated essentials. Its notably low assessed value may attract investors or first-time buyers seeking an entry point into the market, though it also suggests a home that is likely valued for its land and structure rather than high-end finishes. A thoughtful perspective is that this home represents a piece of Winnipeg's early 20th-century architectural fabric, offering the opportunity to steward a property with over a century of history.

Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the scope, finish quality, and whether it includes a legal suite or additional living space are not provided. This would be a key detail to clarify with the seller.

2. How does the low assessed value impact property taxes?
With an assessed value significantly below many neighbouring properties, the municipal tax burden is likely proportionally lower. This can be a considerable ongoing financial advantage for the homeowner.

3. What is the significance of the home's age (built in 1907)?
While full of character, a 119-year-old home requires a mindful approach to maintenance. Prospective buyers should prioritize a thorough inspection focusing on the foundation, original wiring and plumbing updates, and the roof's condition.

4. The lot is larger than average. What are the possibilities?
The 3,008 sq ft lot offers excellent outdoor space for gardens, play areas, or entertaining. Depending on local zoning, its size could also present future potential for additions or redevelopment, contributing to the property's long-term value.

5. How does this home compare to others on the street?
The home ranks in the top half of Boyd Avenue for lot size but in the lower third for assessed value. This indicates it may be a more modestly finished property on a desirable parcel of land compared to some neighbours, representing a different value proposition.