115 Harriet Street – Property Summary
Key Characteristics & Appeal
This is a character-rich home built in 1882 with 1,840 square feet of living space on a 3,411-square-foot lot in Winnipeg’s West Alexander neighbourhood. What stands out is the living area: it ranks in the top 15% on the street and in the neighbourhood, and top 16% citywide—significantly larger than the average comparable home. The assessed value of $172,000 is roughly average for the street and neighbourhood, but well below the citywide average of $390,100, reflecting the older housing stock and smaller lot sizes typical of this area. The land itself is slightly above average for the street but below average citywide.
Where the appeal lies: This property offers generous interior space at a relatively accessible price point, especially for buyers who value square footage over a large yard. The 1882 build date means it’s one of the older homes in the neighbourhood and citywide, which will appeal to those who appreciate historic character and craftsmanship, but also comes with considerations around maintenance and updates. The assessed value being modest relative to the city suggests it may be undervalued compared to newer or more centrally located properties, though this also reflects the realities of the West Alexander market.
Who it suits: Buyers who want a spacious older home without paying a premium for land or a trendy neighbourhood. It’s a good fit for someone willing to invest in renovations or upkeep in exchange for space and character. Less suited to those seeking a turnkey modern home or a large yard.
Five Possible FAQs
1. How does the assessed value compare to similar homes?
It’s around average for the street and neighbourhood, but well below the citywide median. This is typical for older homes in established inner-city areas where land values are lower than in newer suburbs.
2. Is the living area unusually large for a home of this age?
Yes. At 1,840 square feet, it’s significantly larger than the average home on the same street (1,451 sq ft) and in the neighbourhood (1,299 sq ft). It also outpaces the citywide average. This makes it stand out among comparable properties.
3. What should I know about the 1882 build date?
It’s one of the older homes even within an older neighbourhood. Ranking in the bottom 2% citywide means it predates most Winnipeg homes. This can mean solid vintage construction and desirable period details, but also potential for outdated systems (plumbing, electrical, insulation) that may need attention.
4. How does the lot size compare?
The 3,411-square-foot lot is above average for the street but slightly below the neighbourhood average. Citywide, it’s small (bottom 18%). If you want a large yard, this likely isn’t it. The focus here is on interior space, not land.
5. Why is the assessed value so much lower than the city average?
The citywide average ($390,100) is pulled up by newer, larger homes in higher-demand areas. This property’s value reflects its older age, smaller lot, and the West Alexander market, which tends to have more modest pricing. That said, the living area is a notable asset that could add value if the home is well-maintained or updated.