Property Overview: 20 Harrowby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Glenwood stands out for its modern foundation and above-average size. Built in 2020, it is a notably newer property in a neighbourhood and city dominated by older homes. With 1,592 sqft of living space, it offers significantly more room than most comparable homes in the immediate area, placing it in the top tier locally. A key feature is the renovated basement, adding functional living space.
The primary appeal lies in its modern move-in readiness combined with strong value metrics. Its assessed value ranks in the top 3% for Glenwood, suggesting it is a premium property within the community. This presents a compelling case for buyers seeking a newer home without the wait and uncertainties of new construction, and who value being in an established neighbourhood.
This property would best suit buyers looking for a low-maintenance, modern home in a mature area. It’s ideal for those who prioritize interior space and contemporary updates over a large yard, as the lot size is more compact than the city average. It represents a smart choice for professionals or small families wanting the benefits of a new build within the fabric of a long-standing community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessment reflects the home's new construction date (2020) and its larger-than-average living area for the locale. It is evaluated as a premium, modern property within its specific market context.
2. What does having a "renovated basement" entail?
The listing confirms the basement is renovated, meaning it is finished as livable space. Specific details on the finish quality, rooms, or permits should be verified through a viewing or with the seller.
3. There's no garage. Is there parking?
The listing specifies no garage. Parking would typically be via a driveway or on-street. Checking the property for a driveway or consulting local street parking regulations is recommended.
4. The home is new, but what about the neighbourhood?
Glenwood is an established neighbourhood. While this home is modern, the surrounding area consists mostly of homes built in the mid-20th century, offering mature trees and settled community character.
5. How does the sold price history inform the current value?
The home sold in March 2022 for approximately $590k-$625k. This past sale, combined with its current high assessed value, indicates a history of strong market valuation. Current market conditions and the property's maintained state will determine its present price.