Property Overview
This one-storey home on Harbison Avenue W is defined by its practicality and potential. Built in 1907, it sits on a modest 2,316 sqft lot and features 570 sqft of living space with an unrenovated basement and a detached garage. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a very low assessed value. The property is notably smaller and older than most homes on its street, in the Chalmers neighbourhood, and across the city.
This home would suit a specific type of buyer: an investor looking for a straightforward rental property, a hands-on individual seeking an affordable renovation project, or a minimalist first-time buyer prioritizing low carrying costs over space. Its value is not in its current condition or size, but in the opportunity it represents—a chance to own a detached home with land in the city for a minimal financial outlay. A thoughtful perspective is that its low property taxes, resulting from the low assessment, could free up budget for gradual improvements or simply make for exceptionally affordable living.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's very small size (570 sqft), its age (built in 1907), and the fact that the basement is unrenovated. It is assessed based on its current state as a modest, older property.
2. What does "below average" in the rankings mean for a buyer?
For key metrics like living area and year built, this property ranks in the bottom percentiles compared to peers. This isn't necessarily negative; it simply confirms the home is smaller and older than most, which is directly reflected in its price and represents its value proposition as an affordable option.
3. Is the land size a positive aspect?
At 2,316 sqft, the lot is closer to the average for the street than the home itself is. It provides a decent outdoor space for a home of this size and is a tangible asset, offering more potential than a condominium for the same price point.
4. Who might this property not be suitable for?
It would likely not suit a family needing multiple bedrooms, anyone looking for a move-in-ready home without renovation work, or a buyer who prioritizes modern amenities and ample living space.
5. The home sold for $9,300 in 2016. What does that indicate?
This historical sale price, well below typical market values, strongly suggests the property was in need of significant updates or was purchased for land value at that time. It highlights the property's long-standing status as a value-based opportunity rather than a premium home.