Property Overview: 127 Harrow Street, Crescentwood
Key Characteristics & Appeal
This is a substantial, character home in the desirable Crescentwood neighbourhood, built in 1920. Its primary appeal lies in its generous scale and prime location. The home offers over 3,300 square feet of living space, placing it in the top 1% of homes citywide for size, and sits on a large, approximately 9,430 sqft lot that is well above average for the area. These metrics signal a property with ample room for both living and outdoor enjoyment. A key feature is the renovated basement, adding modern, functional space to the historic structure. The home is complemented by a detached garage.
Its assessed value of $930,000 reflects its elite standing in the Winnipeg market. The last sale was in 2017 for $800,000, suggesting significant appreciation. This property would best suit buyers looking for a established, spacious family home in a prestigious neighbourhood, who appreciate classic architecture but also value the practicality of updated spaces like the basement. It’s for those prioritizing lot size and interior volume over a newer build, and who are prepared for the upkeep and investment level of a high-value, century-old home.
Frequently Asked Questions
1. What does the "Top 1%" ranking for living area actually mean?
It means that, compared to all residential properties across Winnipeg, this home has more interior square footage than 99% of them. It is exceptionally large by city standards, while still being proportional for the Crescentwood area.
2. The home was built in 1920. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements (like plaster, wiring, or plumbing) that require inspection and potentially updating. The charm comes with a responsibility for ongoing maintenance typical of heritage properties.
3. The lot is large, but what are the implications?
A lot of this size (over 9,400 sqft) in Crescentwood is a rare asset offering privacy, garden potential, and space. It also means higher property taxes and greater maintenance (like landscaping) compared to standard lots.
4. The assessed value is significantly higher than the 2017 sale price. Why?
The assessed value is the city's estimate of its current market value for taxation purposes. The increase from the 2017 sale price reflects strong market appreciation in Crescentwood over seven years, particularly for large, desirable properties like this one.
5. How does the detached garage affect the property?
A detached garage offers flexibility—it could be used as a workshop or studio without impacting the main house. However, it is less convenient for daily vehicle access in winter compared to an attached garage, a trade-off common with many character homes.