Property Overview
This one-storey home at 218 Harbison Avenue W in Winnipeg's Chalmers neighbourhood presents a straightforward opportunity centered on its lot and location. Built in 1914, the 853 sqft house sits on a 2,723 sqft lot and features a detached garage and an unrenovated basement. Its most recent sale was in 2016 for $190,000, and it carries a current assessed value of $21,300.
Key Characteristics & Appeal
The primary appeal of this property lies in its land and its position as a relatively affordable entry point into the Winnipeg market. The lot size is above average for the immediate street and neighbourhood, offering valuable outdoor space or future potential in a city where lot sizes generally decrease in newer areas. The home itself is modest, with a living area and assessed value that are typical for Chalmers but below the wider city average, indicating a no-frills structure.
This home would suit a practical, value-oriented buyer. It's a potential match for a first-time homeowner comfortable with a property that may require updates over time, or an investor looking for a land-value play with a rental property in place. Its unrenovated state means the next owner can customize it to their taste without paying a premium for recently finished work. A less obvious perspective is that a home of this vintage and scale on a decent lot can represent a manageable footprint, both in terms of maintenance costs and environmental impact, compared to much larger modern builds.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean?
It usually indicates the basement is in original or functional condition, but not modernized. Expect basic finishes, older mechanical systems, and potential for moisture management or insulation upgrades.
2. How significant is the difference between the 2016 sale price and the current assessed value?
The assessed value is for municipal tax purposes and is often significantly lower than market value. The sale price from 2016 is a historical data point, but the current market value will be determined by recent sales of comparable homes, condition, and buyer demand.
3. Is the lot size a major advantage?
While not exceptionally large city-wide, the lot is above average for the local area. This can provide more private outdoor space, better parking or storage options, and could be a factor for future expansion, subject to zoning.
4. What are the implications of the home's age (1914)?
Character and solid construction are potential benefits, but buyers should budget for and inspect age-related systems. This includes the roof, plumbing, electrical wiring, and foundation. A thorough inspection is essential.
5. Who is the typical buyer in this neighbourhood?
Chalmers often attracts pragmatic buyers seeking affordability and convenience. The neighbourhood offers a mix of long-time residents, young families, and investors, with a focus on value and functionality over luxury.