495 Harbison Avenue W

Property Overview

This 1957 one-storey home at 495 Harbison Avenue W in Winnipeg's Chalmers neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of a generous, above-average lot size and a recently renovated basement, set within a community of similar vintage homes. With 914 sqft of living space, it offers a manageable footprint for a variety of lifestyles.

Key Characteristics & Ideal Buyer

The home's standout feature is its 4,635 sqft lot, which is notably larger than most in the immediate area and ranks in the top 3% on its street. This provides valuable outdoor space and potential not found in many comparable properties. The renovated basement adds functional living area and modern convenience. While the living space is average for Chalmers, the property carries an assessed value that is above average for both the street and the neighbourhood, suggesting it is well-regarded in its local context.

This property would suit first-time homebuyers looking for a solid entry point with a premium lot size, or practical investors seeking a character home in a stable, established area. It’s also a fit for downsizers who value a single-level layout, a manageable yard, and the upside of recent updates. A thoughtful perspective is that this home represents a balance: you’re investing more in the land and location than in sheer interior square footage, which can be a wise long-term strategy in a mature neighbourhood.

Frequently Asked Questions

1. How does the lot size compare to typical city lots?
At 4,635 sqft, the lot is significantly larger than the average for both Harbison Avenue W and the Chalmers neighbourhood, but is around the average size when compared to lots across the entire city.

2. What does the "above average" assessed value mean for this area?
The assessed value of $26,300k ranks above average for both the immediate street and the broader Chalmers area. This typically indicates the property is valued higher than many of its direct peers, possibly due to factors like its lot size, condition, or renovations.

3. Is the living space considered small?
At 914 sqft, the living area is very close to the average for similar homes on Harbison Avenue W and in the Chalmers neighbourhood. It is, however, below the city-wide average for homes, which is common for many established, older neighbourhoods.

4. The home was built in 1957. Is it older than most in the area?
No, it is actually newer than most. Its 1957 build date ranks it above average (newer) compared to other homes on its street and in Chalmers, where many homes date back to the 1930s.

5. What is the context of the last sale price from 2017?
The home sold for $21,50k in July 2017. This provides historical price context, but the current assessed value and market conditions will be the primary drivers of its present value.