Property Summary: 359 Harcourt Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Booth offers a compelling blend of space, recent investment, and strong value performance. Its key characteristic is the generous 6,594 sqft lot, providing ample outdoor space that ranks in the top half for the street. The 1,554 sqft living area is notably spacious, ranking in the top 25% for the neighbourhood. A significant feature is the renovated basement, adding modern, functional space. The home’s appeal lies in its established, mature setting combined with clear updates, anchored by an attached garage.
The property would particularly suit practical buyers looking for move-in-ready space without the premium of a brand-new build. It’s an ideal fit for those who value a larger yard for family, gardening, or pets, and appreciate the low-maintenance benefits of a single-storey layout. A thoughtful perspective is its standout market performance; selling for $550k in mid-2024, it achieved a price that ranks in the top 1% historically for both its street and neighbourhood, suggesting the renovations and lot size are highly valued in this area.
Frequently Asked Questions
1. How does the assessed value relate to the recent sale price?
The assessed value is significantly lower than the recent sale price, which is common. The sale price reflects the current market value, influenced by the renovated basement and desirable lot size, while the assessment is for municipal tax purposes and often lags behind rapid market shifts.
2. What does the "renovated basement" likely include?
While specifics aren’t listed, a renovated basement in a home of this era typically means it has been finished into livable space, possibly including a recreation room, additional bedrooms, or a modern bathroom, adding significant functional square footage.
3. Is the older roof or major systems a concern given the 1978 build date?
The year built (1978) means some original components may be near or past their typical lifespan. A key question for a buyer would be the age and condition of the roof, windows, and major mechanical systems like the furnace, though the recent basement renovation may have included some updates.
4. How does the lot size compare to typical properties?
The lot is a major asset. At over 6,500 sqft, it is substantially larger than many urban lots, offering more privacy and room for outdoor activities. This is a less obvious but valuable feature that contributes to the property's top-tier sale price ranking.
5. What is the neighbourhood character like based on the data?
The data shows a mature, stable neighbourhood with a mix of older homes. The fact that this home’s living area and lot size rank highly locally suggests it is among the larger, more substantial properties on the block, offering a sense of space that might be harder to find in newer subdivisions.