Property Overview
This one-and-a-half storey home on Harbison Avenue W in Chalmers presents a specific and compelling opportunity. Built in 1913, it sits on a modest 2,264 sqft lot but offers a living area of 1,086 sqft, which is notably above average for both its immediate street and the wider neighbourhood. The property features a detached garage and an unrenovated basement. Its most recent sale was in December 2020 for $18,200, and it holds a current assessed value of $17,100.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficient use of space and its position as a value-conscious entry point into the Winnipeg market. While the lot size is below average, the house itself provides more interior space than many comparable homes in the area. This creates an interesting dynamic: you get a relatively spacious home without the maintenance burden of a large yard. The detached garage is a practical asset in this setting.
It’s a home that would suit a first-time buyer, an investor, or someone looking to downsize without sacrificing interior room. Its very low assessed value and sale price indicate it is likely a fixer-upper or requires modernization, appealing to those comfortable with a project or seeking to build equity through renovation. A less obvious perspective is that its compact lot and efficient footprint could mean lower utility and property tax costs relative to the amount of living space provided, offering a form of long-term affordability.
Frequently Asked Questions
1. What does "above average living area" mean in this context?
While the home’s total land is modest, its 1,086 sqft of living space ranks within the top 27% for the Chalmers neighbourhood. This means the house itself is more spacious inside than many others in the immediate area.
2. Is the low assessed value a concern?
The assessed value is significantly below the Winnipeg city average. This typically reflects the home’s age, condition, and market segment rather than an error. It’s essential to have a professional inspection to understand the property's condition, as the basement is noted as unrenovated.
3. Who might this property not suit?
It would likely not suit buyers seeking a move-in-ready home without any projects, or those who prioritize a large private outdoor space, as the lot is smaller than most.
4. What can the 2020 sale price tell me?
The sale price from late 2020 provides a recent market benchmark. Comparing this to the current asking price (if listed) and assessed value can help gauge market movement and the seller’s positioning.
5. How useful is the detached garage here?
In a neighbourhood with smaller lots, a detached garage is a significant benefit for vehicle storage, workshop space, or extra storage, freeing up the main living area.