Property Overview
This bi-level home at 325 Harbison Avenue W in Winnipeg's Chalmers neighbourhood presents a practical and modernized option. Its key appeal lies in being a well-maintained, contemporary property relative to its immediate area. Built in 1993, it is significantly newer than most homes on its street and in Chalmers, suggesting updated building systems and less immediate need for major repairs. The home features a renovated basement, adding to its liveable space, which at 1,014 sqft is above average for the local area. The lot is a standard city size for the neighbourhood.
The property would suit a first-time buyer or an investor looking for a turnkey home in a mature community without the maintenance concerns common to century-old houses. Its above-average assessed value for the street indicates it is perceived as a premium property in this specific market. A thoughtful perspective is that while the home is newer, its sale price sits well above the local average, meaning you are paying for that condition and modernity within an otherwise modest-value area. This represents a trade-off: lower maintenance costs versus a higher entry price point for the neighbourhood.
Frequently Asked Questions
How does the age of this home compare to others nearby?
It is notably newer. Built in 1993, it ranks in the top 4% newest homes on Harbison Avenue W, where the average comparable home was built around 1934.
Is the living space large for the area?
Yes. With 1,014 sqft of living area, it is above average for both its immediate street and the broader Chalmers neighbourhood.
What does the "renovated basement" imply?
The listing confirms the basement has been renovated, but the scope and quality of the renovation are not detailed. This is a key point for a home inspection to verify the finish quality and ensure any work was permitted.
Why is the assessed value higher than many neighbours?
The assessed value of $27.4k is well above the local averages, likely reflecting the home's younger age, renovated condition, and larger living area compared to older, unrenovated homes on the street.
How has the property's value changed recently?
It sold for $32.1k in June 2024, which was among the top prices on its street. This represents a significant increase from its previous sale price of $24.5k in March 2018, indicating strong appreciation in a relatively short time.