Property Overview
50 Harrowby Avenue is a compact, one-storey home built in 1919, situated on a standard city lot in Winnipeg's Glenwood neighbourhood. Its defining characteristic is its exceptionally low municipal assessed value, which places it in the bottom 1-5% of homes locally and citywide. At 682 square feet, the living space is significantly below average for the area. The home has no basement, no garage, and no pool.
Key Characteristics & Appeal
The primary appeal of this property is its position as a potentially ultra-low-cost entry point into the Winnipeg housing market. It suits a very specific buyer: someone with a limited budget seeking land ownership, or an investor looking for a foundational asset with minimal upfront capital. Its low taxes, based on the assessment, are a clear financial advantage.
Its appeal is not in its size or condition—the data suggests it is one of the smallest and oldest homes in the immediate area—but in the opportunity it represents. For a buyer willing to live minimally, or for a developer/investor, the value lies in the land and the future potential rather than the current structure. It could be a candidate for a complete rebuild or a long-term hold in an area where other properties have much higher valuations. This isn't a move-in-ready family home; it's a strategic purchase for those comfortable with a project or a very basic living arrangement.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's current state as determined by the municipal assessor. The very low value likely reflects the home's small size, age (1919), lack of a basement or garage, and potentially its condition relative to other houses on the street and in Glenwood.
2. What does "No Basement" mean for this property?
Without a basement, all mechanical systems (furnace, water heater), utilities, and storage must be accommodated on the main floor, reducing usable living space. It also means no potential for a below-ground suite or additional finished living area.
3. How reliable are the sold price ranges shown?
The sold price ranges are estimates based on publicly available data. To obtain the exact historical sale price, you must request it via email from the source, as the listing states this information is provided manually and not displayed publicly.
4. Who would this property be most suitable for?
It is best suited for an investor looking for a low-basis land asset, a buyer with a very tight budget prioritizing ownership over space, or a contractor/developer seeking a lot with an existing structure that may be considered for redevelopment.
5. Are the rankings comparing this home to similar types of houses?
Yes, the rankings compare this specific property to "comparable homes" within its defined group on the street, in the Glenwood area, and citywide. Its consistent low rankings in size and value indicate it is an outlier compared to typical area homes.