Key Characteristics & Buyer Profile

This property offers a 1,079 sqft living area (below average for its street, neighbourhood, and citywide), built around 1960, with a $324,000 assessed value, and sits on a 6,575 sqft land area (above average citywide).

The main appeal here is the land-to-building ratio. The lot is generous—in the top 22% citywide—while the house itself is on the smaller side. That combination often appeals to buyers who value outdoor space, gardening, or future expansion potential more than immediate square footage. The home is older, which can mean lower property taxes and a chance to update gradually, but it also means systems (roof, furnace, windows) may need attention sooner rather than later.

This property would suit buyers who prioritize outdoor space over interior size, especially those looking for a project or long-term investment in a central Winnipeg neighbourhood like Booth. It may also work for buyers priced out of larger homes on Harcourt Street who want to land in that area with more lot room. Less obviously, it could appeal to someone with a specific use for the yard—workshop, hobby garden, or extra parking—who doesn't need a large house. It is less suited to buyers wanting a move-in-ready home with generous living space.

Five Possible FAQs

1. How does the home's size compare to others nearby?
The living area of 1,079 sqft is well below the street average of 1,258 sqft and the Booth area average of 1,408 sqft. It falls in the bottom 29% on Harcourt Street and bottom 37% citywide. If you're comparing to newer builds or typical family homes in the area, this is a smaller house.

2. Is the assessed value reasonable for the neighbourhood?
At $324,000, the assessed value sits near the median for similar homes citywide but is in the bottom third on Harcourt Street and in Booth. That's partly because the house is older and smaller than many nearby. The larger lot may offset this if you consider land value separately—something worth discussing with an appraiser.

3. What can I expect from a 1960s home in terms of maintenance?
Homes from this era often have original mechanicals or single-pane windows, and the electrical system may not support modern loads without upgrades. Insulation and foundation are worth inspecting. The upside: many 1960s homes were built with quality materials and solid framing, and in this case, the land value gives you room to renovate or rebuild without necessarily overcapitalizing for the area.

4. How is the land area measured, and what can I do with it?
The 6,575 sqft lot is above average citywide. In Booth, that's a notable advantage—most nearby homes sit on smaller parcels (the bottom 35% for the area). You may have room for a garage, larger garden, shed, or future addition, but always check local zoning, setback rules, and any easements before committing.

5. Should I be concerned about this property's low rankings?
The rankings show that the property is smaller and older than most comparable homes, but those same rankings also highlight that the land is a standout. If you're planning to live in the house as-is, the low living area and age rankings are important—expect less interior space than average. If you're thinking long-term, the land ranking is your key advantage. The value really depends on how much you weigh the lot versus the building.