229 Harcourt Street

Property Summary: 229 Harcourt Street, Winnipeg

Key Characteristics & Appeal

This 1962-built, one-storey home sits on a notably large, 6,606 sqft lot in the Booth neighbourhood. Its key feature is a renovated basement, adding valuable finished living space to the 1,188 sqft main floor. The property presents a solid, middle-of-the-road profile in its local context: it ranks above average for lot size on its street and within Winnipeg overall, while its living area and recent assessed value ($33,800) are near the median for the area. It last sold in June 2021 for $38,300.

The primary appeal lies in its combination of a generous, versatile lot and move-in-ready basement space, offering a practical foundation for a variety of lifestyles. It would suit first-time buyers or downsizers looking for a manageable single-level layout with immediate renovation work already addressed. The large lot also holds quiet potential for gardeners, those seeking ample outdoor space, or future expansion, making it a sensible long-term hold in a well-established neighbourhood.

Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics aren't listed, a "renovated basement" in a home of this era typically means it has been finished into a livable space, potentially including insulation, drywall, flooring, and basic amenities. It’s a key value-add, transforming what is often raw storage into functional living or recreational area.

2. How does the lack of a garage affect daily life and value?
The absence of a garage is a trade-off for the large lot. It means relying on street parking and requires planning for vehicle protection during Winnipeg winters. However, the lot size offers the possibility of adding a garage or shed in the future, which is a significant advantage over properties with smaller lots.

3. The assessed value is lower than the 2021 sale price. What does this indicate?
Municipal assessed value is for tax purposes and doesn't always equal market value. The 2021 sale price of $38,300 likely reflects a hotter market. The current assessment suggests the tax base is relatively low, but a buyer should expect the market price to be influenced more by recent comparable sales than this assessment figure.

4. The home is older. What should I be mindful of?
Built in 1962, core systems like the roof, plumbing, electrical, and foundation should be a focus for inspection. The renovation in the basement is a positive, but it's wise to check the quality of that work and ensure any updates meet current standards.

5. How does this property compare to others in Booth?
The data shows it’s not the newest or largest home in the neighbourhood, but it holds its own with a better-than-average lot size. It represents a very typical offering for Booth—a mature, post-war home on a good-sized plot. Its value proposition is its spacious lot and the finished basement, rather than top-tier rankings in any single category.