Property Summary: 69 Harbison Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, situated on a standard-sized lot in the Glenelm neighborhood. With 750 sqft of living space and an unrenovated basement, it presents as a straightforward, no-frills property. Its appeal lies primarily in its position as an accessible entry point into the Winnipeg market. The assessed value of $170k is notably below averages for the street, neighborhood, and city, suggesting a potentially lower price point for a standalone house.
This property would suit a specific type of buyer: first-time purchasers or practical investors seeking a low-cost footprint with renovation potential. Its smaller size means lower utility costs and less maintenance, appealing to those looking to minimize ongoing expenses. A less obvious perspective is its potential for someone interested in "right-sizing"—downsizing from a larger home without leaving the community, or for a buyer who values a modest, manageable space over extensive square footage. The mature neighborhood setting offers established character, though the home itself requires a vision for updates.
Section 2: Frequently Asked Questions
1. What does "below average" for assessed value really indicate?
While the assessed value is below local averages, this typically reflects the home's smaller size, age, and condition relative to other properties. It's a useful benchmark for property taxes and can indicate a more affordable purchase price, but the final sale price is determined by the market.
2. Is the unrenovated basement a major concern?
It depends on your goals. It presents an opportunity to customize the space to your needs in the future. However, it also means factoring in the cost of any desired improvements and ensuring there are no foundational or moisture issues common in older homes.
3. Who is this neighborhood best for?
Glenelm is a mature, established neighborhood. It often appeals to those who value quieter, tree-lined streets with older home charm and proximity to central Winnipeg, rather than seeking new suburban developments or extensive amenities within immediate walking distance.
4. The home sold for between $12.5k and $15.5k in 2017. Why such a low price?
This very low historical sale price is unusual for a standalone house and likely indicates a distressed sale, a non-arms-length transaction between family members, or the sale of the property in a state of significant disrepair. It is not representative of current market value.
5. How should I interpret the ranking data (e.g., "Top 68%")?
These rankings compare this home against others. For example, "Top 68%" for living area on its street means 68% of comparable homes on Harbison Ave W are larger. It's a quick way to see that this is a smaller home relative to its immediate peers, which is consistent across most metrics provided.