Property Overview
This one-storey home on Harbison Avenue W is a compact, century-old property built in 1913. Its key appeal lies in its affordability and potential, positioned as a land-value opportunity in Winnipeg's Chalmers neighbourhood. The house itself is modest, with 760 sqft of living space and an unrenovated basement, and it sits on a 2,314 sqft lot. It comes with a detached garage. When compared to nearby homes, its assessed value and sale price are significantly below average, suggesting it may be suited for a buyer comfortable with a project or looking for an entry point into the market.
The property would best suit a practical buyer, such as a first-time investor seeking a rental property with manageable overhead, a hands-on owner willing to renovate over time, or someone primarily interested in securing land in the area. Its low price point is its defining characteristic, but it requires a clear-eyed perspective on the investment needed for updates and maintenance.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific characteristics: its smaller size, age, and the condition of the home relative to others. In this case, it indicates the land comprises a significant portion of the value, with the existing structure contributing less.
2. What does "below average" for land area mean for a 2,314 sqft lot?
While the lot is a good size, it's smaller than many others on the same street and in the wider Chalmers area. This isn't necessarily a drawback, but it means you have less yard space than the typical neighbouring property.
3. Is a house from 1913 a major concern?
It requires careful consideration. A home of this age will likely need updates to electrical, plumbing, and insulation to meet modern standards. A thorough inspection is essential to understand the condition of the foundation, roof, and structure.
4. The home last sold in 2017 for $11,800. What does that indicate?
This very low sale price, close to the current assessed value, strongly suggests the property was purchased as a land value or investment opportunity at that time, not for its condition as a move-in ready home.
5. Who might the neighbouring properties at 293 and 305 Harbison Avenue W be?
Listed as being only 8 meters away, these are likely the immediately adjacent homes. Reviewing their characteristics can give you a direct sense of the street's density and the scale of surrounding buildings.