Property Summary: 295 Harcourt Street, Winnipeg

Key Characteristics & Appeal

This is a classic one-storey home in the Booth neighbourhood, built in 1918 and situated on a notably large, 7,791 sqft lot. Its primary appeal lies in the land itself—the property ranks in the top third for lot size both on its street and within the wider neighbourhood, offering significant space and potential in a mature area. The home’s assessed value is strong for the area, ranking higher than most nearby properties, which suggests a solid foundation of value.

The house would suit a specific type of buyer: someone looking for a character home with ample outdoor space who is prepared for the realities of a century-old structure. It’s a project-oriented property, ideal for a buyer with a vision for renovations, an addition, or simply prizing a large, private yard over modern finishes. The very low sale price from 2018 indicates a likely fixer-upper opportunity, appealing to investors or hands-on homeowners looking to add value.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
The ranking indicates that this 7,791 sqft lot is larger than approximately 68% of other lots on Harcourt Street and in the Booth neighbourhood. It’s a standout feature, offering more space than most properties in the immediate area.

2. The house is from 1918. What should I be most concerned about?
While the rankings show the home’s age is typical for the street, prospective buyers should prioritize inspections for foundational integrity, plumbing and electrical systems (which may be original or outdated), and the condition of the roof and insulation. The era of construction suggests potential for both charming character and costly updates.

3. Why is there such a gap between the 2018 sale price and the current assessed value?
The assessed value is an estimate for taxation purposes, reflecting the property’s perceived market value, including the land. The 2018 sale price likely reflected the home’s condition at that time as a fixer-upper. The increase highlights the underlying value of the land and potential improvements made since.

4. Is the lack of a garage or basement a major drawback?
This depends on the buyer’s needs. The large lot offers space to add a garage or shed. The absence of a basement means all living space is on one level, which could be a positive for accessibility, but it also reduces storage and utility space. It’s a trade-off to consider.

5. How does this property compare to the nearby references on Nightingale and Thompson?
The referenced properties are similar in size but were built in the 1960s, likely with different layouts and systems. 295 Harcourt Street’s key differentiators are its much larger lot and its character as a century-old home. It represents a different style of homeownership, prioritizing land and heritage over a more modern, mid-century build.