Property Overview
This one-storey home at 433 Harbison Avenue W in Winnipeg's Chalmers neighbourhood presents a straightforward opportunity centered on its land and location. Built in 1947, the 720 sqft house sits on a 3,475 sqft lot. Key features include a detached garage and a basement that is present but not renovated. The home last sold in April 2024 for $22,500.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and potential, rather than the existing living space. The lot size is above average for both the immediate street and the Chalmers area, offering a good footprint for the price point. The house itself is compact, with a living area well below local averages, indicating this is likely a candidate for a significant renovation, expansion, or eventual replacement to maximize the lot's value. Its assessed value is consistent with others on the street, suggesting a market price grounded in the land and location.
This property would best suit a buyer with a clear vision for the future of the lot. This includes investors, builders looking for a infill project, or handy purchasers seeking an affordable entry into the market who are prepared for a major overhaul. It is less suited for those seeking a move-in ready or spacious existing home without construction plans.
Frequently Asked Questions
Q: Is the basement finished?
A: No, the listing specifies the basement exists but is "not renovated."
Q: How does the lot size compare to others?
A: The 3,475 sqft lot is larger than average for both Harbison Avenue W and the broader Chalmers neighbourhood, which is a key feature of this property.
Q: What is the living space like inside?
A: At 720 sqft, the living area is notably smaller than most comparable homes in the area, which typically average over 900 sqft locally.
Q: Has the property value been stable?
A: The sale history shows an increase from $15,300 in 2016 to $22,500 in 2024. Its current assessed value is in line with neighbouring properties on the same street.
Q: What is the typical home like in this immediate area?
A: Based on the data, homes on Harbison Avenue W in this price range are often older (averaging build years around 1934) and have similarly modest assessed values, indicating a neighbourhood of smaller, classic Winnipeg homes where value is often tied to land potential.