Property Overview: 98 Harbison Avenue W, Glenelm, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1909, presenting a straightforward opportunity in Winnipeg's Glenelm neighbourhood. Its primary appeal lies in its position as an accessible entry point into the housing market. With 735 square feet of living space and an unrenovated basement, it is a smaller home even by the standards of its immediate street. The lot size is fairly typical for the area. Recent sales data suggests a price point that is notably below the citywide average.
This property would best suit a specific type of buyer: a first-time purchaser, an investor, or a downsizer seeking minimal upkeep and a lower tax burden, all of whom are comfortable with a home that requires modernization. Its value is functional and foundational. A less obvious perspective is that a home of this vintage and scale on a standard lot offers a rare chance to gradually shape a space to one's own needs over time, without the premium of a move-in-ready finish. It’s a canvas rather than a completed work.
Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the home is older and compact, its assessed value is around average for Harbison Avenue W, indicating it is seen as a functional dwelling. It may be ideal for a careful, phased renovation.
2. What are the major immediate costs to anticipate?
Given the age and the note of an unrenovated basement, potential buyers should budget for essential updates to plumbing, electrical, and foundation moisture management. The roof and heating system should also be thoroughly inspected.
3. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes, which is a tangible ongoing benefit for cost-conscious owners, even after any potential sale price increase.
4. The home is smaller than area averages. Is that a concern for resale?
It defines the property's niche. It will likely appeal to a similar pool of future buyers—those seeking affordability and efficiency over space. Its resale is more tied to overall market conditions for starter homes than to competing with larger properties.
5. Can I get the exact historical sale price?
The listed sale range is based on public data. The exact sale price from August 2023 is available by request from the listing service, which provides it via a manual email process without marketing spam.