378 Harcourt Street

Property Overview: 378 Harcourt Street

Key Characteristics & Appeal

This two-storey home, built in 2006, presents a compelling blend of space, modern age, and established value in Winnipeg's Booth neighbourhood. Its primary appeal lies in its generous 6,482 sqft lot—a size that ranks in the top quarter for the street—offering ample outdoor space that is increasingly rare for a home of this relatively recent vintage. The 1,810 sqft living area is notably spacious for the immediate area, ranking in the top 6% on its street. Key features include a renovated basement and a detached garage.

The home suits buyers seeking a move-in ready property that avoids the premium and unpredictability of brand-new construction, while still feeling modern. It’s particularly well-suited for those who prioritize private outdoor space for gardening, play, or entertaining over a massive interior footprint. The data suggests a strong value proposition: the property’s assessed value sits in the top 4% of its street, indicating it is viewed as a substantial asset relative to its neighbours, yet its last sold price (2021, $345k) was moderate for the area. This points to a buyer who values a balanced investment—a home that is both a comfortable living space and a statistically sound holding in its locale.

Frequently Asked Questions

1. How does the age (2006) affect this home?
Built 20 years ago, it strikes a balance. Major components like the roof, windows, and HVAC are likely still in good condition but may be approaching their mid-life service period, allowing for predictable planning. It avoids the potential build-quality issues of some older homes while being settled into a mature landscape.

2. What does the high lot size ranking actually mean for me?
Ranking in the top 24% on the street for lot size means you have more land than most of your immediate neighbours. This translates to greater privacy, more room for additions like a deck or shed, and less feeling of being crowded—a significant perk in a city neighbourhood.

3. The assessed value is high for the street, but the last sale price wasn't. Why?
A high assessed value relative to the street suggests the municipal assessment sees the property as a top-tier asset on the block, which can be positive for long-term value. The 2021 sale price may reflect market conditions at that time or specific terms of the sale. This gap can sometimes represent an opportunity, but it's essential to have a current market evaluation.

4. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify it as a legal suite. Buyers should clarify the nature of the renovation (cosmetic vs. structural), whether it includes a separate entrance or kitchenette, and verify its compliance with local codes if intended as an income source.

5. How does the detached garage impact winter use?
A detached garage offers flexibility for workshops or projects without affecting the home's air quality. The trade-off is the brief exposure to the elements when going between your car and house during Winnipeg winters—a consideration for some buyers.