Property Overview: 113 Harbison Avenue W, Glenelm, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1909, presents a compelling mix of historic charm and modern practicality in the Glenelm neighborhood. Its primary appeal lies in its strong value proposition and efficient use of space. With 1,152 sqft of living area, it offers above-average space for its immediate street and sits comfortably around the average for both the neighborhood and the wider city. A key standout is the home's renovated basement, which adds valuable finished living area.
The most striking characteristic is its assessed value of $30,300, which ranks in the elite top 4% on Harbison Avenue W and well above average for Glenelm. This suggests a property that is assessed favorably relative to its peers, which can be an attractive point for value-conscious buyers. The lot size of 2,925 sqft is typical for the street.
This home would suit a first-time buyer or an investor looking for a character home in a central neighborhood without a premium price tag. It’s also a fit for someone who appreciates a home with updated fundamentals (like the basement) but may be prepared to live with or gradually update other aspects of a century-old structure. The lack of a garage and the older age of the property call for a buyer comfortable with the maintenance realities of a historic home.
Frequently Asked Questions
1. What does the assessed value ranking actually mean for me?
It indicates that, according to municipal assessment, this property holds a high value relative to other homes on its street and in Glenelm. This can be a positive signal of the property's worth in its micro-market, though the final market price is determined by buyers.
2. The home was built in 1909. What should I be most concerned about?
While the renovated basement is a plus, a home of this age requires a thorough inspection. Key focus areas should include the foundation, original plumbing and electrical systems (which may have been updated in parts), the roof, and insulation standards.
3. Is the living space sufficient for a family?
At just over 1,150 sqft across two main floors plus a basement, the layout will be more efficient than expansive. It may suit a small family, but room sizes and floorplan flow will be crucial factors to assess in person.
4. There's no garage. What are the parking and storage options?
The property likely relies on on-street parking. The renovated basement can provide some storage, but creative solutions or the potential for a future shed may be necessary for outdoor equipment and storage.
5. The sold price history shows a significant increase between 2016 and 2021. Is this trend reliable?
While the data shows strong appreciation in that period, past performance doesn't guarantee future results. The increase reflects market conditions over those specific years and any improvements made to the home. Current value will depend on today's market dynamics.