Property Overview
60 Harrowby Avenue is a compact, one-storey home with an unrenovated basement and a detached garage, built in 1945. Its primary appeal lies in its position as a modest, entry-level property in Winnipeg's Glenwood neighbourhood. The 752 sqft living area is notably smaller than average for the city, but the home holds its own within its immediate area, with an assessed value that is around the local norm. This creates a specific value proposition: it’s a chance to own a standalone house on a standard city lot (3,849 sqft) without the premium price tag of a larger or updated home. The property suits first-time buyers, downsizers, or investors looking for a straightforward, lower-maintenance footprint. Its unrenovated state presents a clear canvas for future updates, while its recent sale history suggests it’s a viable and actively traded asset in its market segment.
Key Considerations & FAQs
1. How does the size compare to nearby homes?
The living space is compact at 752 sqft, which is below the Winnipeg average. However, on its own street and in Glenwood, it ranks closer to the middle of the pack, meaning the scale is more typical for this specific area.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is around average for the street and neighbourhood. Recent sale prices (2020 and 2022) for this home were in a range consistent with this assessment, suggesting it’s a stable, if not rapidly appreciating, property in its class.
3. What does "basement not renovated" typically mean?
This usually indicates a functional but unfinished or dated basement. It offers utility and storage space but represents a potential future project for finishing, rather than providing immediate living space in its current state.
4. Who would this property be a poor fit for?
It would likely disappoint buyers seeking a move-in-ready, modernized home or those who need multiple bedrooms and ample living space. The smaller square footage and older construction require a pragmatic approach.
5. What’s a less obvious angle to consider?
The detached garage and the lot size are tangible assets. In an older neighbourhood, the standard lot provides outdoor space and potential, while the garage offers storage or workshop space that many newer, denser properties lack. The home’s recent transaction history also indicates it’s a liquid property type within its niche, which can be reassuring.