Property Overview: 507 Harbison Avenue W, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1914, offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 1,720 sqft of living area, which is significantly larger than most homes on its street, in the Chalmers neighbourhood, and across Winnipeg. This makes it a standout for buyers seeking ample room without a premium price tag, as the home’s assessed value remains modest and in line with local averages.
The property suits practical buyers who prioritize space and neighbourhood value over modern finishes, as the basement is noted as unrenovated. It’s an ideal fit for a growing family, a multi-generational household, or an owner who sees potential in a character home with good bones. A thoughtful perspective is its appeal to value-conscious buyers looking in established neighbourhoods: you acquire a home that is spacious for its immediate area while the land and structure represent a more accessible entry point compared to the city-wide average, suggesting a solid foundation for the long term.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
This home is exceptionally spacious for its location. With 1,720 sqft, it ranks in the top 1% of homes on Harbison Avenue W and the top 2% in the Chalmers neighbourhood, where comparable homes average just 908 sqft and 953 sqft, respectively.
2. What is the significance of the assessed value?
The assessed value of $18,200 is around the average for both the street and Chalmers area. However, it is notably below the Winnipeg city-wide average, indicating the property may offer more house for the money within this specific community.
3. What should I know about the home’s age and condition?
Built in 1914, the home is over a century old. This is typical for the street and area. The listing notes the basement is unrenovated, so buyers should budget for updates and consider a thorough inspection to understand the condition of major systems.
4. How does the lot size compare?
The land area of 3,476 sqft is slightly above average for the street and typical for Chalmers. It provides a standard urban yard but is smaller than the typical lot across Winnipeg.
5. What can nearby sales tell me?
A nearby reference property at 502 Harbison Avenue W, which sold more recently, has a much higher assessed value but is less than half the size (699 sqft). This highlights how this listing’s combination of significant square footage and a modest assessment defines its unique value proposition in the area.