Property Overview
This 1913 one-storey home on Harbison Avenue W in Chalmers is a compact, no-frills property centered on its land. Its primary appeal is its straightforward, renovated basement and its position as an affordable entry point into the Winnipeg market. The home suits practical buyers looking for a low-maintenance footprint or a strategic land holding, rather than those seeking ample living space.
Key Characteristics & Appeal
The 748 sqft living area is notably compact, placing it below average for the street, neighbourhood, and city. This defines the home as a cozy or minimalist living space. Its key updated feature is the renovated basement, adding functional space. The lot size of 2,460 sqft is more generous relative to the house itself, offering outdoor potential. With no garage and a very low assessed value, the property represents a baseline investment.
Its appeal lies in affordability and simplicity. It would suit a first-time buyer prioritizing budget over size, an investor looking for a manageable rental property, or someone interested in the long-term value of the land itself in an established neighbourhood. A less obvious perspective is its potential for someone seeking to minimize their physical and financial footprint, as the small scale translates to lower utility costs and upkeep.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The provided details confirm the basement is renovated but do not specify if it is a legal, separate suite. This is a critical point for potential landlords or buyers to verify with the city and the seller.
2. Why is the assessed value so much lower than the recent sale price?
The home sold for $16,900 in June 2024, while its assessed value is listed at $15,700. Municipal assessments for tax purposes often lag behind current market values, and sale prices can be influenced by factors beyond the tax assessment.
3. What does the "below average" ranking for living area mean for daily life?
With living area ranked in the bottom 30% city-wide, the home offers essential, efficient space. It necessitates a minimalist lifestyle or creative use of the renovated basement and yard for additional living, storage, or hobby areas.
4. Given the age of the home (1913), what should I be concerned about?
While the basement has been renovated, a home of this age likely has original components elsewhere. A thorough inspection should focus on the foundation, plumbing, electrical systems, and insulation to understand future maintenance needs.
5. How does the lack of a garage affect property use in Winnipeg?
Without a garage, parking and vehicle protection in winter must be considered. The lot size may allow for adding a shed or future garage, subject to local zoning bylaws. For some buyers, this represents a cost-saving; for others, it's a significant inconvenience.