Property Overview: 119 Harrowby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Harrowby Avenue in Glenwood is a compact, century-old property (built 1924) with a modest 672 sqft living area and an unfinished basement. It sits on a standard city lot of approximately 3,690 sqft. The home has no garage or pool. Its key appeal lies in its position as one of the most accessible entry points into the Winnipeg housing market, evidenced by a very low assessed value. This is a straightforward, no-frills property.
The home would suit a specific type of buyer: first-time purchasers or investors seeking a low-cost foothold in the city. It’s a practical choice for those comfortable with a smaller footprint and who see potential in a home that hasn’t been renovated. A less obvious perspective is its appeal to someone interested in the history and character of a 1920s build, willing to take on a gentle modernization. It’s not for those needing ample space or turn-key convenience, but rather for the budget-conscious who value location over luxury.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the average sold prices shown for the area?
The assessed value is for municipal tax purposes and is often lower than market value. The sold price ranges shown for nearby properties, which are higher, better reflect what buyers are currently paying in the market.
2. What does the ranking data (e.g., "Top 90%") actually mean for a buyer?
These rankings compare this home against others. For example, a "Top 90%" rank for living area means its size is in the bottom 10% compared to peers. This quantifies the home’s position as a smaller, more affordable option in its immediate area, the wider Glenwood neighbourhood, and city-wide.
3. Is the unfinished basement a drawback or an opportunity?
It depends on the buyer’s vision and budget. It’s a drawback for those needing immediate finished living space. However, it represents a clear opportunity to add value and customize additional storage or living area in the future, according to one’s own needs and timeline.
4. How does the age of the home (1924) impact a purchase decision?
A home over 100 years old will likely have older building materials and systems. While it offers charm, it necessitates a thorough inspection. Buyers should budget for potential updates to wiring, plumbing, or insulation, viewing the age as a factor in long-term maintenance planning rather than just a historical note.
5. The sold price history shows a range for 2020. How can I find the exact price?
The exact sold price is not publicly displayed in detail here. As noted on the listing, you can request it by email. The service promises to provide the accurate figure manually without using your email for unsolicited marketing.