Property Overview: 39 Harrowby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood is defined by its practicality and position as an accessible entry point into the Winnipeg market. Its key characteristic is its compact size, with 672 sqft of living space, which places it well below the average for the area. The home features a renovated basement, adding functional space, and sits on a modest 2,563 sqft lot. Notably, it is one of the oldest homes in its immediate vicinity, built in 1901.
The appeal lies in its affordability and simplicity. With a relatively low assessed value, it represents a clear opportunity for first-time buyers or investors seeking a manageable property with renovation potential. Its size makes it easy and cost-effective to maintain, suiting minimalist lifestyles or serving as a strategic rental property. A less obvious perspective is its potential for someone looking to downsize substantially without leaving the neighbourhood, offering a chance to stay in the community with reduced upkeep. It suits buyers who prioritize financial accessibility over space, and who are comfortable with—or excited by—the character and potential updates an older home may require.
Section 2: Frequently Asked Questions
1. Is the price reflective of the home's condition?
The assessed value and recent sale history suggest a price point significantly below area averages. This typically indicates a smaller, older home that may be in need of modernization, though the basement renovation is a noted positive. A professional inspection is highly recommended.
2. What are the main trade-offs for the lower price?
The primary trade-offs are size and age. You are purchasing a home with less than half the average living area for Glenwood and a structure that is over a century old. This means less room for a growing family and a higher likelihood of maintenance related to its age.
3. How does the renovated basement impact the living space?
While adding valuable functional space, it's important to clarify the nature of the renovation. Consider whether it is a legal suite, a recreational room, or additional living quarters, and confirm that all work was done with proper permits, as this affects value and utility.
4. Is there potential to expand or rebuild on the lot?
The lot is smaller than most in the area. While the low density (one-storey) might suggest expansion potential, any significant addition or rebuild would be constrained by the lot's dimensions and would require a thorough review of local zoning bylaws.
5. How should I interpret the "top percentile" rankings provided?
These rankings consistently show the property falls in the bottom tiers (e.g., Top 90% means it ranks in the bottom 10%) for size, value, and land area compared to neighbours. This isn't inherently negative—it quantitatively confirms the home's position as a smaller, more affordable option in a neighbourhood of larger, higher-value properties.