Property Summary: 358 Harcourt Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, is situated on a notably large lot (6,482 sqft) in the Booth neighbourhood. Its primary appeal lies in its land value and location within a historic streetscape. The house itself has a modest 900 sqft of living space and features an unrenovated basement and a detached garage. Recent data shows it sold in August 2023 for $22,900, with a slightly lower current assessed value.
The property would suit a specific type of buyer: those looking for a substantial parcel of land in the city, potentially for future expansion, gardening, or redevelopment. It also appeals to value-conscious buyers or investors prioritizing lot size over a move-in-ready home, who are prepared for a project. A less obvious perspective is its standing among neighbouring homes—it ranks highly for lot size and newer year built on its street, suggesting it may be a relative standout in its immediate block despite needing updates.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1914 home?
This style often features a main floor with principal rooms and a second floor under sloping roof lines, which may have smaller rooms or cozier ceilings. It's a classic Winnipeg architectural style.
2. The assessed value is lower than the 2023 sale price. What does this indicate?
Assessed values are for municipal tax purposes and may not reflect current market value. The sale price is a more direct indicator of what a buyer recently paid, which can be influenced by factors like lot appeal or buyer competition not captured in the assessment.
3. Is the large lot a major advantage?
Yes, especially in an older neighbourhood. A lot of this size offers rare potential for additions, outdoor space, or future redevelopment, which is a key value driver here.
4. The home ranks very high for being "newer" on its street, but it's 112 years old. What does this mean?
This ranking simply means most other homes on Harcourt Street are even older, highlighting the historic character of the area. It doesn't imply the home is new, but that it's relatively younger than its neighbours.
5. Who might the nearby "similar assessed value" properties be relevant for?
They are useful for comparing municipal tax burdens or understanding the assessed value bracket of the area. However, they may be very different in style, condition, or lot size, so direct property-to-property comparison should be done carefully.