Property Overview & Key Characteristics
This is a compact, one-storey home built in 1912 on a standard city lot in the Chalmers neighbourhood. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly suited for a land-value purchase or a foundational project. The house itself is modest at 797 sq ft and features an unrenovated basement and a detached garage.
The home would best suit a practical, value-oriented buyer. This could be a first-time purchaser comfortable with a home that needs updating, an investor looking for a rental property with redevelopment potential, or someone seeking a manageable footprint with lower property taxes, as reflected in its below-average assessed value. A less obvious perspective is that its "around average" rankings for lot size and living area within its immediate area suggest it fits the local streetscape, offering a sense of neighbourhood consistency rather than standing out as an outlier.
Frequently Asked Questions
1. What does "Top 64% for Land Area" mean?
It means the property's lot size is larger than 64% of comparable lots on the same street. Essentially, on Harbison Avenue W, this lot is slightly above the median size.
2. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated."
3. How does the assessed value compare?
The assessed value of $18,200 is around average for Chalmers but is significantly below the Winnipeg city-wide average, which is typical for older, smaller homes in established neighbourhoods.
4. What might the sale history indicate?
The home sold previously in August 2016 for $14,700. This historical price, significantly lower than the current assessed value, underscores the property's role as a long-term affordable housing option and may indicate substantial appreciation in land value over time.
5. What is the likely condition given the year built?
Built in 1912, buyers should anticipate the need for updates to major systems like wiring, plumbing, and insulation. The unrenovated state presents both a project and an opportunity to customize without removing prior renovations.