Property Overview
This one-storey home at 44 Harrowby Avenue in Winnipeg's Glenwood neighbourhood presents a specific and practical opportunity. Its key appeal lies in being a more affordable entry point into the market, particularly for those who value a renovated basement and a decent-sized lot over sheer square footage.
Key Characteristics & Ideal Buyer
The house is compact, with 720 sqft of living space, which is notably smaller than most homes in Glenwood and across Winnipeg. This is balanced by a renovated basement and a detached garage. The lot size of 4,362 sqft is quite generous for the area, offering potential for outdoor space or future expansion. Built in 1943, it is older than the city average but typical for its immediate street.
Its appeal is grounded in value and potential. The assessed value sits below area averages, suggesting a relatively lower price point. This isn't a move-in-ready showcase home; it's a pragmatic foundation. It would suit first-time buyers or practical investors looking for a lower-cost footprint in a central neighbourhood. The generous lot is a standout feature for those with a longer-term view, offering possibilities that smaller, modern lots do not. It’s a home for someone comfortable with a cozy layout who sees the value in the land and the already-completed basement renovation.
Frequently Asked Questions
1. Is the house too small?
At 720 sqft, it is significantly smaller than the average Winnipeg home. The layout and efficient use of space will be crucial. The renovated basement effectively doubles the usable living area, which mitigates the small main-floor footprint.
2. What does the "below average" assessed value mean?
This indicates the home's municipal assessment is lower than most comparable properties in the area. This often correlates with a more affordable purchase price, but it can also reflect the home's smaller size and age. It's a starting point for valuation, not a final market price.
3. How does the lot size compare?
The lot is a strong point. At over 4,300 sqft, it is above average for the street and neighbourhood. This provides valuable outdoor space and is a key asset for future enjoyment or potential property value increase.
4. What should I know about a house built in 1943?
While the core structure is 80+ years old, the renovated basement suggests some updates. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, electrical, and foundation.
5. Why is the exact past sale price not listed publicly?
For privacy and data accuracy reasons, the exact sale price requires a manual request. The provided range (sold for between $215k-$245k in 2019) gives a historical benchmark, but current market conditions will determine today's value.