Property Overview: 59 Harrowby Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical and affordable entry point into Winnipeg’s housing market. Its key characteristic is its compact efficiency, with 762 sqft of living space and a renovated basement, making it a low-maintenance option. The detached garage adds functional value. The home’s appeal lies in its below-average price point relative to the city, supported by a recent sale in 2024, suggesting a move-in-ready opportunity without a major renovation project. The lot, while smaller than area averages at 2,563 sqft, is proportionate to the home's size.
It would suit first-time buyers, downsizers, or investors seeking a straightforward property with recent updates. A thoughtful perspective is that its 1914 build date, while older, means it has stood for over a century and may offer character often absent in newer builds, though this comes with an expectation of ongoing maintenance. Its value is grounded in its functionality and location rather than size or modern amenities.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 762 sqft, the living area is below the average for the street, neighbourhood, and city. It’s a compact home, best suited for individuals, couples, or small families.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is $270k. Recent sale data from 2024 shows a transaction in the $265k-$295k range, indicating the assessed value is a reasonably current benchmark, but market conditions will ultimately determine the price.
3. What should I consider about the age of the home?
Built in 1914, the home is significantly older than most in the area. While it features a renovated basement, potential buyers should budget for the maintenance typical of a century-old structure, such as updates to plumbing, electrical, or the foundation.
4. How does the lot size impact the property?
The lot is 2,563 sqft, which is smaller than area averages. This means lower yard maintenance but also limited space for expansions, large gardens, or outdoor amenities. It emphasizes the home’s efficient use of space.
5. Who are the most likely buyers for this property?
This home is most suitable for first-time buyers seeking an affordable entry into the market, investors looking for a rental property with recent updates, or empty-nesters wanting to downsize into a manageable, single-level layout without a large yard to maintain.