Property Summary: 286 Harcourt Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the Booth neighbourhood is defined by its exceptionally large, 13,003 sqft lot, placing it in the top 2% of the area for land size. The home itself is a manageable 1,045 sqft bungalow built in 1962, featuring a renovated basement and a detached garage. Its primary appeal lies in the rare opportunity for expansive outdoor space and future potential within a mature, established community. The lot size is a standout asset, offering privacy, room for gardens, play areas, or future additions that are simply unavailable in most newer subdivisions.

The property suits practical, forward-thinking buyers. It’s ideal for someone seeking a solid starter home with a massive yard, or for a homeowner looking to downsize from a larger house but not willing to compromise on outdoor space. It also appeals to value-driven investors or renovators who see the underlying value in the land and the already-updated basement, recognizing the chance to incrementally modernize the living space while holding a premium lot.

A less obvious perspective is its positioning relative to the market. With an assessed value closely aligned with its recent 2022 sale price, it presents a stable, grounded entry point without the speculation-driven premium of some areas. It’s a property where the value is firmly rooted in tangible assets—land and structure—rather than transient market trends.

Section 2: Frequently Asked Questions (FAQs)

1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and moisture control, which are key in older Winnipeg homes.

2. How does the large lot impact costs?
While offering great private space, a lot of this size typically means higher costs for seasonal maintenance (lawn care, snow clearing) and potentially higher property taxes relative to the home's living area. It’s a trade-off for the premium outdoor space.

3. The home's living area is noted as smaller than some neighbours. Is it expandable?
The generous lot size is a major asset here, as it provides a legitimate opportunity for a future addition, sunroom, or large garage/workshop, subject to city zoning and permit approvals. The land effectively future-proofs the property.

4. The year built is 1962. What should I be mindful of?
As with any home of this era, key considerations include the age and material of the roof, windows, plumbing, and electrical systems. The renovated basement is a positive, but the overall condition of the original structure and major systems should be verified.

5. The assessed and recent sale values are very close. What does this indicate?
This suggests the property’s market value is viewed consistently by both the municipality and the recent market, indicating stability. It may present less risk of a dramatic tax reassessment shock post-purchase, but it also suggests rapid, speculative appreciation is not currently priced in.