414 Harvard Avenue W

Property Overview & Key Characteristics

This 1952 one-storey home in Victoria West sits on a generous 4,949 sqft lot, offering a significant amount of outdoor space that ranks above average for its street and neighbourhood. With 848 sqft of living area, the house itself is compact and efficient. Its assessed value positions it as an accessible entry point into the established Victoria West area. The detached garage adds practical utility.

The primary appeal lies in the combination of a large, versatile lot in a mature neighbourhood with a lower barrier to entry. It suits first-time buyers, downsizers, or investors looking for a solid foundation. The property represents a classic "land value" proposition, where the lot itself is a major asset, offering potential for future expansion, gardening, or outdoor living that newer subdivisions often can't match. It’s a home for those who see the value in location and space over square footage, willing to update the interior to match their vision over time.

Frequently Asked Questions

1. How does the lot size compare to others in Winnipeg?
At nearly 5,000 sqft, the lot is larger than 58% of all properties in Winnipeg, which is a significant advantage for an inner-city neighbourhood, offering more privacy and room for decks, gardens, or additions.

2. Is the house in need of major updates?
Built in 1952, the home is 74 years old. While the provided data doesn't specify condition, buyers should budget for updates typical of a house of this age, such as roofing, windows, and mechanical systems, and view it as a candidate for modernization.

3. What is the neighbourhood of Victoria West like?
Victoria West is an established, centrally located neighbourhood near the Assiniboine River. It features a mix of classic character homes and newer infill, with convenient access to downtown, Osborne Village, and major routes.

4. Why is the living area considered in the top 15% for Winnipeg if it's 848 sqft?
This statistic highlights that a significant portion of Winnipeg's housing stock consists of compact, efficient homes. It indicates this property offers a relatively manageable size for maintenance and heating costs, which can be appealing.

5. What does the assessed value tell me about the price?
The assessed value of $25,200 is for municipal tax purposes and is typically lower than market value. It indicates this is a modestly valued property for the area, but the final sale price will be determined by current market conditions and buyer demand.