282 Harcourt Street

Property Summary: 282 Harcourt Street

Key Characteristics & Appeal

This home is a one-and-a-half storey character property built in 1918, situated on a notably large, mature lot of over 13,000 square feet in Winnipeg's Booth neighbourhood. Its primary appeal lies in a rare combination of historic charm and practical updates, most notably a renovated basement. The lot size is a standout feature, ranking in the top 2% of the neighbourhood, offering exceptional outdoor space potential in a city setting.

The property suits buyers looking for a home with character and "good bones," who value generous outdoor space over a modern, large-footprint house. It would also appeal to value-conscious purchasers comfortable with a project, as the historic nature suggests potential for ongoing updates, while the renovated basement provides immediate functional living space. The assessed value, which is modest relative to the lot size, indicates room for value growth, making it interesting for long-term holders. It's less suited for those seeking a brand-new, maintenance-free home or who require an attached garage.

Frequently Asked Questions

1. What does "one-and-a-half storey" typically mean for a 1918 home?
This style often features a main floor with principal rooms and a second floor under sloped eaves, creating cozy bedrooms with potentially lower ceilings. It emphasizes character over expansive, open layouts.

2. The lot is large, but how is the house positioned on it?
While the listing doesn't specify, the lot's top-tier size suggests potential for generous front, side, or rear yards. This could allow for gardens, play space, or future additions, subject to zoning.

3. The assessed value seems low compared to nearby sold prices. Why?
Municipal assessments for tax purposes often lag behind market values, especially for older homes on large lots in evolving areas. The assessment reflects a historical formula, not necessarily current market demand for land.

4. What are the implications of the home's age?
A 108-year-old home will have unique charm but likely requires careful attention to foundational systems like wiring, plumbing, and insulation. The renovated basement is a positive, but inspections should be thorough.

5. There's no garage. Is there space or potential to add one?
The massive lot size certainly creates the physical space for a future garage or workshop. Adding one would require checking local zoning bylaws for setbacks and obtaining the necessary permits.