Property Summary: 290 Harcourt Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home on a large 13,000 sqft lot in the Booth neighbourhood presents a compelling blend of space, location, and value. Its key appeal lies in its exceptionally generous lot size, which ranks in the top 2% of the neighbourhood, offering rare potential for gardening, expansion, or simply enjoying ample private outdoor space. The home itself features a renovated basement and an attached garage. While the living area is modest and the home’s age is average for the area, the property’s assessed value is strong, ranking in the top quarter of the neighbourhood, suggesting a solid foundation.
This property would suit a buyer looking for a land-centric opportunity in a well-established area. It’s ideal for someone who values long-term potential and outdoor space over a move-in-ready, modern footprint. A thoughtful buyer might see the large lot not just for its size, but as a hedge against future densification, offering privacy that is becoming increasingly scarce. It’s a practical choice for a growing family, a multi-generational living setup, or a handy homeowner comfortable with gradual updates to the interior over time.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" typically mean for a bi-level of this era?
While specifics aren't listed, renovations in a 1960s bi-level often focus on finishing previously unfinished space, adding moisture control, and updating utilities. It’s wise to inquire about the scope, permits, and whether it created a legal secondary suite or additional living space.
2. How significant is the lot size, really?
At 13,000 sqft, it is a major standout. For context, it’s nearly triple the size of a standard city lot in many areas. This provides unusual flexibility for additions, recreational space, or landscaping that wouldn't be possible elsewhere.
3. The assessed value seems low compared to the last sale price in 2018. Why?
Municipal assessed value for tax purposes is not the same as market value. It can lag behind market trends. The increase from the 2018 sale price to the current assessment indicates the property has been gaining value, but the actual market price is determined by current buyer demand.
4. The home ranks lower for living area. Is it too small?
At 1,120 sqft, the living space is functional but not expansive. The home’s layout and the finished basement are key. For the right buyer, the trade-off is acceptable to secure the large lot, viewing the interior as something that can be optimized over time.
5. The year built (1964) ranks in the middle. What should I consider?
This indicates the home is of a similar vintage to others on the street. Key considerations for this age are the condition of major systems (roof, wiring, plumbing, foundation) and the quality of the basement renovation. Its average age for the area means it’s less likely to be an outlier with unforeseen issues compared to neighbouring homes.