Property Summary: 374 Harcourt Street, Winnipeg
Section 1: Overview & Appeal
This well-situated one-storey home in the Booth neighbourhood presents a solid opportunity. Its key characteristics include a renovated basement, an attached garage, and a generous 6,482 sqft lot that is larger than most in the immediate area. Built in 1977, the 1,596 sqft living space is also above average for the street.
The primary appeal lies in its established, quiet location combined with practical updates and ample outdoor space—a rare find in mature neighbourhoods. The fully renovated basement adds significant functional living area. The data suggests a property that offers more space, both inside and out, than many of its direct neighbours, providing good value.
This home would suit buyers looking for a move-in ready, single-level living option with a low-maintenance exterior and a large yard for gardening or recreation. It’s ideal for downsizers, small families, or investors seeking a property with above-average lot size and recent improvements in a stable area.
Section 2: Key Questions (FAQs)
1. What does the assessed value indicate?
At $47,500, the assessed value is notably low, ranking in the top 5% of the neighbourhood. This typically reflects a long-term ownership with capped provincial education tax credits, not the market value. The 2017 sale price of $342,800 is a more relevant historical benchmark.
2. How does the lot size compare?
The lot is a standout feature. At over 6,400 sqft, it is larger than approximately 76% of properties on Harcourt Street, offering more privacy and potential than is typical for the area.
3. Is the age of the home a concern?
Built in 1977, the home is newer than most on its street (ranking in the top 12%). While systems like the roof or furnace may need attention due to age, the renovated basement suggests proactive maintenance.
4. What is the neighbourhood context?
The data shows the property ranks highly for lot and living area size within its immediate vicinity but is surrounded by homes of similar assessed value. This indicates a consistent, established area without extreme outliers.
5. What are the less obvious considerations?
The significant gap between the assessed value and past sale price highlights the importance of a current market evaluation. Additionally, while the basement is renovated, verifying the quality of finishes and any permits is wise. The large lot is an asset, but buyers should consider the maintenance it requires.