Property Overview
This 1959 one-storey home at 517 Harbison Avenue W in Winnipeg's Chalmers neighbourhood presents a specific and practical opportunity. Its key appeal lies in its efficient scale and recent updates, positioned on a standard city lot. The home is notably compact, with a living area of 676 sqft that is well below average for the area, suggesting a minimalist, low-maintenance footprint. Importantly, it features a renovated basement, adding functional space, and comes with a detached garage. The lot size is typical for the street, and the property's assessed value ranks above average within its immediate locale.
This property would suit a first-time buyer, an investor, or someone looking to downsize, prioritizing affordability and essential updates over square footage. It's a pragmatic choice for those who value a renovated basement for extra living or rental potential and prefer a smaller, manageable interior. A less obvious perspective is that its compact size and above-average assessment for the street could indicate a well-maintained asset in a stable, established area, appealing to someone looking for a straightforward entry into the market without the burden of a large, aging house.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 676 sqft of living area, it is significantly smaller than most homes on the street and in the wider Chalmers neighbourhood, placing it in the bottom 15% locally. This indicates a very efficient, compact layout.
2. What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific scope, quality, and whether it includes a legal suite or additional bedrooms is not detailed. This would require clarification with the seller or a viewing.
3. How does the assessed value compare?
The assessed value of $23,900 is above the average for both Harbison Avenue W and the Chalmers neighbourhood, but below the Winnipeg citywide average. This suggests the property is valued favorably in its immediate context.
4. What is the land like?
The lot is 3,089 sqft, which is around the average size for the street. It is not an unusually large or small parcel for the area.
5. How old is the home, and what might that mean?
Built in 1959, the home is newer than most on its street and in Chalmers. While this can suggest potentially newer core components, the specific condition of the roof, wiring, plumbing, and the extent of the basement renovation would be key inspection points.