391 Harcourt Street

Property Overview: 391 Harcourt Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the Booth neighbourhood presents a solid opportunity on a generous 6,595 sqft lot. Its key appeal lies in its balance of space, recent updates, and established location. The home itself offers 1,292 sqft of living space and features a renovated basement, adding valuable functional square footage. A detached garage provides additional storage or workshop potential.

The property’s strength is underscored by its competitive market performance; it last sold in June 2022 for $44.50k, which placed it in the top tier of sales locally at that time. The lot size is notably above average for the street, offering room for gardens, play, or expansion. While the home’s 1962 build date means some systems may require attention, the renovated basement indicates proactive maintenance.

This home would suit practical buyers looking for a grounded, no-fuss property with room to breathe. It’s ideal for a first-time homeowner comfortable with the character of an older home, an investor seeking a property with strong lot value, or someone wanting to put down roots in a mature neighbourhood without a towering mortgage. Its appeal is more about substance and potential than luxury finishes.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified by a viewing and inspection, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a rec room, additional bedroom, or laundry area, making the home feel larger than the main floor square footage suggests.

2. How does the 2022 sale price relate to its current assessed value?
The 2022 sale price of $44.50k was higher than the current assessed value of $38.70k. This is not uncommon, as assessed values for tax purposes can differ from market value. The past sale indicates the property has proven marketability at a higher price point.

3. Is the large lot a major advantage?
Yes. At 6,595 sqft, the lot is larger than over half the properties on Harcourt Street. This provides more outdoor privacy, space for activities, and future potential compared to many neighbouring properties, which is a key, less obvious asset.

4. What should I consider about the home’s age?
Built in 1962, the core structure is solid but nearing an age where original components like the roof, windows, plumbing, or electrical may need evaluation or updating. The renovated basement is a positive, but a thorough inspection is recommended to prioritize any needed investments.

5. How does this property rank for value in the area?
The data shows a mixed but promising picture. While its assessed value is in the middle ranges for the city, its last sale price ranked in the top 26% in Winnipeg, suggesting buyers previously saw compelling value here, likely due to the combination of lot size, living space, and updates.