Property Overview
This 1954-built home on Harvard Avenue West in Victoria West presents a specific and compelling value proposition. Its key characteristic is a clear trade-off: a living space of 702 sqft that is notably compact compared to area averages, set on a well-sized 4,950 sqft lot that is above average for the immediate community. With an assessed value near the local median, it sits in a neighborhood of generally older and more varied properties.
The appeal lies in its efficiency and potential. It suits buyers seeking an entry point into a established neighborhood without a premium price tag, where the land itself represents a significant portion of the value. It’s ideal for a minimalist, a first-time buyer comfortable with cozy living, or an investor looking for a property where the lot offers future potential. The home’s age (newer than many on its street) suggests it may have seen updates, but it fundamentally appeals to those who see the opportunity in a smaller footprint on a good piece of land.
Frequently Asked Questions
1. Is the living space too small for practical living?
At 702 sqft, the home is significantly smaller than the average house in Winnipeg. It requires efficient use of space and would suit individuals, couples, or those comfortable with minimalist living. The layout and any modern updates would be key factors in its livability.
2. What does the assessment value tell me about the property tax?
The assessed value of $287,000 is close to the Victoria West community average. This suggests property taxes will likely be in line with similar homes in the area, not elevated due to a high assessment. The exact tax amount can be verified with municipal records.
3. The home is older. What should I be concerned about?
Built in 1954, the home is newer than many on its street but is still 70 years old. Prospective buyers should prioritize inspections for foundational integrity, roof condition, plumbing, electrical systems (like aluminum wiring common in that era), and insulation. Its relative "newness" compared to neighbors is a mild positive, but not a guarantee.
4. Why is the lot size an important feature here?
The 4,950 sqft lot is larger than most in Victoria West. This is a primary asset, offering more outdoor space, privacy, and potential for additions, landscaping, or gardening than typical community lots. It provides a balance to the compact interior.
5. How does this property really compare to others nearby?
The data shows a mixed picture: its living space is well below average everywhere, but its lot size is above average in the community. This indicates you are buying into a neighborhood with generally larger, older homes, but this specific property offers a more modest dwelling on a decent-sized parcel of land. It’s a unique profile within its context.