Property Overview: 222 Harbison Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1914, presents a straightforward opportunity centered on its land and location in Chalmers. With 760 sqft of living space and an unrenovated basement, the house itself is modest and requires updating. Its primary asset is the 2,723 sqft lot, which is a competitively sized parcel for the immediate street and neighbourhood. The property’s assessed value is notably below averages for the area, reflecting its current condition.
The appeal here is largely pragmatic. It suits a buyer looking for an entry point into the Winnipeg market, a land-value play, or an investor considering a future rebuild or renovation project. It’s not a move-in-ready home but a canvas. A less obvious perspective is its potential for someone seeking to minimize their property tax base while having control over a sizable urban lot, or for a buyer who values having neighbours with similarly scaled properties, as indicated by its average rankings on the street for lot size and year built.
Section 2: Frequently Asked Questions
1. What does "Top X%" in the statistics mean?
It shows how this property compares to others. For example, its land area is in the "Top 56%" on its street, meaning 44% of nearby lots are larger and 56% are smaller. It's a way to gauge relative size and value.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $16,300 is based on the property's current state, size, and recent sales. It is significantly below the Winnipeg average because it is a small, older home that has not been renovated, placing its value primarily in the land.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in original or rough condition, suitable for storage or future development.
4. How does the last sale price compare to the current assessment?
The home sold for $15,100 in March 2020. The current assessed value of $16,300 is slightly higher, but both figures are consistently low, underscoring the property's status as a land-value proposition.
5. What are the immediate next-door properties like?
The addresses on either side (224 and 220 Harbison Avenue W) are only 9 meters away, indicating a typical, close-proximity lot layout for the area, which is common in established neighbourhoods.