Property Overview
367 Harbison Avenue W is a 1.5-storey home in Winnipeg's Chalmers neighbourhood, built in 1909. It sits on a 2,315 sqft lot and offers 1,021 sqft of living space. The home features a basement that has not been renovated and does not include a garage or pool. Its most recent recorded sale was in June 2022 for $18,500.
Key Characteristics & Appeal
This property is defined by its contrasts. It offers above-average interior living space for its immediate street, yet sits on a smaller, below-average lot for the area. The very low assessed value and recent sale price signal a clear entry point into the Winnipeg market, likely appealing to buyers with a limited budget or those seeking a minimal property tax base. Its primary appeal lies in its potential as a blank canvas—whether as a foundational investment for a future rebuild, a project home for a hands-on renovator, or a strategic land hold in an established neighbourhood. The unrenovated basement and absence of a garage underscore its as-is, value-oriented nature.
It would best suit a pragmatic buyer: an investor looking for a low-cost rental property with renovation upside, a first-time buyer willing to trade modern finishes for affordability and space to grow, or someone with a long-term vision for the lot itself. The home’s age (117 years) means character is a given, but it also requires a buyer comfortable with the maintenance and updating demands of a century-old structure.
Frequently Asked Questions
1. Why is the recent sale price so much lower than the sale in 2017?
The dramatic drop from $150k in 2017 to $18.5k in 2022 is significant and warrants investigation. It strongly suggests a major change in the property's condition, status, or permitted use. A buyer should consult with their agent to review the full sales history and property title for clarity.
2. What does "below average" for land area mean in practical terms?
While the 2,315 sqft lot is smaller than many in Chalmers, it is still a standard city lot size. This could mean less yard maintenance and a more compact footprint, but may limit options for large additions, detached garages, or extensive landscaping compared to neighbours with larger plots.
3. Is the low assessed value a benefit?
Yes, for carrying costs. Property taxes are based on assessed value, so this home would currently have very low annual taxes. However, any significant renovation or rebuild would trigger a reassessment and a corresponding increase in taxes.
4. What are the implications of an unrenovated basement?
This typically indicates a basement in original or utility-only condition, likely with older foundations, mechanical systems, and limited finished space. It presents both a cost (potential need for moisture management, updates) and an opportunity (the chance to design and insulate from a blank slate to modern standards).
5. Who should be particularly cautious about this property?
Buyers seeking a move-in-ready home or who have a limited renovation budget should look carefully. The price reflects a project, and the age of the home means systems like plumbing, wiring, and the roof may require imminent attention despite the livable interior space.