Property Overview
This 1959 one-storey home at 520 Harbison Avenue W in Winnipeg's Chalmers neighbourhood presents a straightforward, value-oriented opportunity. Its primary appeal lies in a desirable combination of a renovated basement, a detached garage, and a notably large lot for its area. The home sits on a 3,833 sqft property, which is significantly above average for both the immediate street and the broader Chalmers neighbourhood, offering ample outdoor space. While the 866 sqft living area is modest and typical for the locale, the property’s assessed value ranks in the top tiers locally, suggesting solid underlying value for the area.
It would suit a first-time buyer, an investor, or someone looking for a manageable footprint with room to grow outdoors. The renovated basement adds functional living space, and the detached garage provides storage or workshop potential. A thoughtful perspective is that this property represents land value and foundational utility over grandeur; it’s a home for someone who prioritizes yard space and practical upgrades in a settled neighbourhood over a large interior.
Frequently Asked Questions
Q: How does the lot size compare to others?
A: The 3,833 sqft lot is a key feature. It ranks in the top 30% on its own street and top 27% in Chalmers, meaning it's substantially larger than many comparable properties in the immediate area.
Q: The assessed value seems low. What does that indicate?
A: The assessed value of $28.70k is very strong for its specific context—ranking in the top 5% on its street and top 10% in the neighbourhood. This suggests the property is considered high-value for the Chalmers area. The city-wide average is skewed by much higher-value homes in other districts.
Q: What should I know about the building's age?
A: Built in 1959, this home is newer than most on its street and in Chalmers, ranking in the top 15% locally. This can be an advantage, potentially indicating newer building materials and systems compared to many neighbours.
Q: Is the living space small?
A: At 866 sqft, the living area is average for Harbison Avenue W and Chalmers. The home's layout and the addition of a renovated basement are crucial to understanding its total usable space.
Q: What is the context of the last sale price?
A: The home sold for $28.40k in October 2022, a price that was above average for both the street and neighbourhood at that time, aligning closely with its strong assessed value for the area.