Property Overview: 57 Harrowby Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood presents a straightforward, no-frills opportunity in the Winnipeg market. Its key characteristic is its affordability, underscored by a very low assessed value that places it in the bottom 10-15% of homes in its immediate area, neighborhood, and city. With 728 sqft of living space, it is notably compact, even compared to other homes on its own street. The house, built in 1917, comes with an unrenovated basement and a detached garage.
The appeal lies primarily in its position as an accessible entry point into homeownership or as a potential investment property. It suits buyers with a limited budget who prioritize getting onto the property ladder in a stable neighborhood over move-in-ready condition or space. It could also be a practical fit for an investor looking for a rental property with a lower initial capital outlay. A less obvious perspective is its potential for a long-term, incremental renovation project for a hands-on buyer, where the low initial cost allows for budget to be allocated over time to updates. The lot, while smaller than area averages, still provides outdoor space typical of older neighborhoods.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home's smaller size, older age, and likely its original or dated condition compared to larger, more modern, or renovated properties in Glenwood.
2. What does "below average" for living area mean for daily life?
With 728 sqft, the home offers compact living. It likely includes essential spaces like living room, kitchen, bathroom, and bedrooms, but storage and room for larger furniture may be limited. It's best suited for individuals, couples, or small families.
3. Is the unrenovated basement usable?
The basement is present but not renovated. It likely serves as utility and storage space. Finishing it would be a project requiring proper permits and addressing any moisture or foundation concerns common in century-old homes.
4. How does the 1917 build year affect the property?
A home of this age will have character but requires diligent maintenance. Buyers should budget for potential updates to older systems like wiring or plumbing and anticipate a pre-purchase home inspection to be thorough.
5. The last sold price range seems very low. Is that accurate?
The listed sold price range is based on available public data. For the exact historical sale price, you must request it directly via the provided email service, as this information is verified and supplied manually by the site.