Property Overview: 466 Harbison Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a straightforward opportunity in Winnipeg's Chalmers neighbourhood. Its key characteristic is its modest scale on a standard city lot. With 870 sqft of living space and an unrenovated basement, it is a compact property. The lot size of 2,266 sqft is smaller than most in the immediate area and across Winnipeg, which is a defining factor.
The appeal lies primarily in its position as an affordable entry point. The historically low assessed value and past sale price indicate a property with fundamental utility, likely suited for a buyer with a limited budget or specific plans. It would suit a pragmatic first-time buyer comfortable with a home of vintage character and potential, an investor looking for a rental property with a low entry cost, or a buyer intending to use the land for future redevelopment, given that the value appears to be largely in the land itself. A less obvious perspective is its potential for someone seeking to minimize property tax and maintenance obligations associated with larger, more updated homes, prioritizing location and lot ownership over finished living space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's modest size, age, and condition relative to the broader Winnipeg market. It is in line with values for smaller, older homes in its immediate area.
2. What does "Top 98%" for land area citywide mean?
This statistic means the property's lot size is smaller than approximately 98% of residential lots across Winnipeg. It is a compact urban lot, which is typical for its era and location but smaller than newer suburban developments.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original, utilitarian condition and budget for any desired improvements.
4. How does this home compare to others on the same street?
The data shows it ranks below the street average for lot size and assessed value, but around the average for living area and year built. It is a representative, if slightly more compact, example of the older housing stock on Harbison Avenue W.
5. What is the significance of the 2016 sale price?
The sale from nearly a decade ago provides historical context but does not reflect current market value. It underscores the property's long-standing position as a lower-priced option in the area.