75 Hart Avenue

Property Summary: 75 Hart Avenue, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home in the Glenelm neighbourhood, built in 1941. Its primary appeal lies in being a modest, entry-level property with a renovated basement and a detached garage. At 696 sqft, the living space is notably smaller than most homes in the area, city, and even on its own street, positioning it as a true "starter" home or a practical downsizing option.

The appeal is nuanced. While the house itself is small, the lot size of 3,299 sqft is above average for Hart Avenue, offering valuable outdoor space and potential. Its assessed value is consistent with the local area, suggesting it's priced appropriately within its immediate context rather than the broader city market. This property would best suit a first-time buyer comfortable with a cozy footprint, an investor looking for a manageable rental, or someone seeking a lower-maintenance home with a bit of yard in an established neighbourhood. Its recent sale in mid-2023 also provides a clear, contemporary benchmark for value.

Frequently Asked Questions

1. Is the house too small?
At 696 sqft, it is significantly smaller than the average Winnipeg home. It requires efficient use of space and would not suit those needing multiple bedrooms or dedicated work/entertaining areas. The renovated basement is a key feature for adding functional space.

2. What does the assessed value tell us?
The ~$24.5k assessment is average for Glenelm and Hart Avenue, but well below the city average. This indicates the property is typical for this specific, more affordable pocket of the city, not that it is under-valued relative to its direct neighbours.

3. How does the lot size impact value?
The lot is larger than many on the same street. This is a positive differentiator, offering more private outdoor space than nearby properties and potential for future landscaping, gardening, or expansion, subject to zoning.

4. Is a home from 1941 a concern?
While newer than many homes on the street, a house this age will likely have older building components. A thorough inspection is essential to understand the condition of major systems, the scope of the basement renovation, and any needed updates.

5. Why is the recent sale price range useful?
The recorded sale in July 2023 provides a very recent market price, making it a more reliable indicator of current value than the assessed value alone. It shows the property is active in the market and gives a realistic figure for recent buyer and seller agreement.