Property Summary: 373 Harcourt Street
Key Characteristics & Appeal
This is a classic, one-storey home built in 1940, situated on a notably large lot of over 6,500 square feet in Winnipeg's Booth neighbourhood. Its primary appeal lies in this generous land parcel, which offers significant potential for expansion, gardening, or outdoor living relative to many city properties. The home itself is modest in size at 758 sq ft and features a renovated basement, adding functional living space. Recent sales history shows steady value, and its assessed value ranks well above average for the city.
This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint with the rare advantage of ample yard space. It’s a home where the land is the standout feature, offering a blank canvas for future improvements or simply the luxury of space in the city. A thoughtful perspective is that while the house ranks in the lower percentiles for living area locally, this underscores an opportunity: the value proposition here is investing in the land and making the home your own over time, rather than paying a premium for already-maximized square footage.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. A buyer should inquire about the scope of work, ceiling height, permits, and whether it includes a separate entrance, bathroom, or kitchenette.
2. How does the large lot size affect costs and rules?
A lot of this size is a benefit but comes with considerations. Property taxes are influenced by land value, and there may be specific city zoning bylaws regarding setbacks, coverage, and what can be built (like a garage, addition, or secondary suite) that a buyer should verify.
3. The home's living area is small for the neighbourhood. Is this a concern?
It indicates the house is likely original in footprint. This isn't inherently a concern but explains the pricing. It represents a chance to add value through thoughtful renovations or an addition, leveraging the large lot many neighbours may not have.
4. There's no garage. Can one be built?
Given the substantial lot, adding a garage or carport is likely feasible from a space perspective. The critical steps would be to check zoning for allowable structures and to budget for this as a future project.
5. The last sale was in 2022. Why is it being sold again?
Without specific disclosure, common reasons for a short ownership period could include a change in the owner's life circumstances, an investment property flip, or a relocation. The sale history shows a price increase from 2022, consistent with market trends.