371 Harcourt Street

Property Overview: 371 Harcourt Street, Winnipeg

Key Characteristics & Appeal

This home is a 1962-built, three-level split situated on a large, approximately 6,594 sqft lot in the Booth neighbourhood. Its key features include a renovated basement and a detached garage. With 1,046 sqft of living space, it offers a practical layout for family living or downsizing.

The appeal lies in its balance of established character and updated utility. The generous lot size is a significant asset, offering ample outdoor space and ranking in the top half for the street. While the home itself is of average size for the area, the renovated basement adds valuable modernized living space. The property’s assessed value is consistent with the neighbourhood, but its 2022 sale price suggests it may have seen improvements or market appreciation that outpace the average.

This home would suit first-time buyers looking for a move-in-ready property with a low-maintenance yard, or practical investors seeking a solid rental in a stable area. It also fits downsizers who want main-floor living potential without sacrificing storage (thanks to the basement and garage).

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified, in homes of this era, a renovated basement often means a finished recreational space, updated flooring, and modernized lighting, potentially adding a second living area or flexible space.

2. How does the large lot impact property costs?
A larger lot increases property value and provides more private outdoor space, but it can also mean higher maintenance (like lawn care or snow clearing) and potentially slightly higher property taxes compared to neighbours with smaller parcels.

3. The home sold for significantly more than its assessed value in 2022. Why?
Assessed value is for municipal tax purposes and often lags behind the market. The 2022 sale price likely reflects recent renovations, a competitive market at that time, and the desirable lot size, showing buyers were willing to pay a premium.

4. What are the pros and cons of a detached garage?
Pros include reduced noise and fire risk from the house, and often easier access for projects. The main con is convenience; you’ll have to go outside in all weather conditions to access your vehicle or stored items.

5. Is the three-level split layout efficient?
This layout offers good separation of living and sleeping areas, often with a mid-level living room. However, it involves more stairs than a bungalow or two-story, which is a consideration for those with mobility concerns or very young children.