Property Overview
This 1910 two-and-a-half storey home on Harbison Avenue W in Chalmers presents a distinct opportunity. Its key appeal lies in the generous 1,640 sqft of living space, which is notably larger than most homes on its street and in the wider neighbourhood. The property sits on a 2,724 sqft lot, which is around average for the immediate area. It features a basement, though it is noted as not renovated, and does not include a garage or pool. The home last sold in 2017 for $22,500, with a current assessed value of $22,800.
Key Characteristics & Suitability
The primary strength of this property is its above-average interior space within a historically older, established community. Buyers looking for a home with room to grow or for a renovation project will find the spacious layout a significant canvas. Its appeal is practical and value-oriented, suited for hands-on buyers, investors, or those seeking an entry point into the market where the investment is primarily in the building itself rather than the land. A thoughtful perspective is that while the assessed value is modest citywide, the "elite" ranking for living area in its local context suggests you are acquiring proportionally more house for the dollar here than in many other parts of Winnipeg. It suits a buyer comfortable with a home of vintage character (built in 1910) who sees potential in its existing footprint and is prepared for updates over time.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
This typically indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, walls, and utilities, and should investigate its suitability for finishing.
2. Why is the assessed value so much lower than the citywide average?
Assessed values are influenced by many factors, including home age, condition, and local market trends. This assessment reflects the property's context within an older neighbourhood and its specific characteristics, not necessarily a direct comparison to newer homes in different areas.
3. Is the lack of a garage a major concern?
This depends on lifestyle and street parking availability. For some, it's a drawback; for cost-conscious buyers or investors, it simplifies the property and reduces maintenance. It's advisable to check on-street parking regulations on Harbison Avenue W.
4. The home is over 110 years old. What should I be most concerned about?
Key considerations for a home of this age include the condition of the foundation, roof, plumbing, and electrical systems. A thorough inspection is essential to understand the scope of any needed repairs or updates.
5. The living area is ranked "Elite" locally. Does that mean the house is move-in ready?
Not necessarily. The ranking speaks to its size relative to neighbours. A home of this age and modest assessment may require varying degrees of modernization, cosmetic updates, or system upgrades despite its spacious floor plan.