Property Summary: 326 Harcourt Street
Key Characteristics & Appeal
This single-storey home, built in 1967, is situated on a remarkably large, mature lot of nearly 13,000 square feet in Winnipeg's Booth neighbourhood. Its primary appeal lies in this expansive outdoor space, which offers rare potential for gardening, recreation, or future expansion. The home itself features a renovated basement and an attached garage, with a living area of 1,235 sqft. The property's assessed value is notably lower than its last sold price in 2017, which may indicate an opportunity for equity growth. Its rankings show it sits on a larger-than-average lot for both the street and the wider city, placing it in the top tiers for land size. This property would best suit a buyer who values private outdoor space over a large interior footprint, and who may be interested in a home where the land itself is a primary asset. It could appeal to those looking for a solid, established neighbourhood home with a blank-canvas yard, or to a strategic buyer considering the long-term value of subdividing such a large lot, should local regulations allow.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes added bedrooms or legal secondary suite potential.
2. How does the 2017 sold price compare to today's value?
The home sold for $360,000 in 2017, while its current assessed value is $40,200. It's crucial to understand that municipal assessed value for taxes is not market value. A professional appraisal and market analysis are needed to determine the current fair market price.
3. Is the large lot size a benefit for future projects?
The 12,981 sqft lot is a significant asset. Beyond gardening, it may allow for additions like a large garage, workshop, or even potential subdivision. Any plans would require verification with the city's zoning and planning department.
4. How does the property rank for its age and size?
The home is older (1967) but ranks well for its lot size (top 3% in Winnipeg). The living area is average for the area. This suggests the value proposition is weighted more toward the land than the size or newness of the house itself.
5. What is the neighbourhood like?
Located in Booth, the property ranks in the top 3% for lot size within its neighbourhood. The proximity to very nearby, similarly valued homes on the same street suggests a consistent, established community character.