Property Overview

This is a compact, one-storey home built in 1909 on a standard city lot in the Chalmers neighbourhood. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly suited for a land-value purchase or a foundational project. The home presents a straightforward opportunity with a detached garage and an unrenovated basement.

Key Characteristics & Ideal Buyer

The property is defined by its modest 824 sqft living area and its very low assessed value, which is typical for its immediate area but well below the citywide average. Its lot size is standard for the street, offering typical development potential for the neighbourhood. The home’s age means it likely requires modernization, but this also contributes to its accessible price point.

Its primary appeal is affordability and lot utility. It suits a specific type of buyer: a hands-on first-time purchaser comfortable with a renovation project, an investor looking for a land-value play with existing rental income potential, or someone seeking the absolute lowest barrier to homeownership in the city. A less obvious perspective is that its "below average" metrics citywide are actually its main feature—they represent a chance to enter the market where monthly carrying costs may be uniquely manageable, allowing for gradual improvement over time.

Frequently Asked Questions

1. What does the low assessed value indicate?
It primarily reflects the home's age, modest size, and condition relative to the broader Winnipeg market. In the context of its own street and neighbourhood, however, its value is very typical, suggesting it's priced for the local market conditions.

2. Is the unrenovated basement finished or usable?
The listing specifies it is "not renovated," which typically means it is in a rough or original state. It likely has utility space but would require significant work to become finished living area.

3. Who would this property not suit?
It would not suit buyers looking for a move-in ready home, those needing significant space, or anyone unwilling to take on potential maintenance or renovation projects associated with a 117-year-old house.

4. How does the lot size compare?
At just over 3,000 sqft, the lot is average for the Harbison Avenue streetscape and the Chalmers area. It provides standard backyard space and development potential for the neighbourhood, but is not an unusually large parcel.

5. What can the 2018 sale price tell us?
The home sold for $18,400 in 2018, closely aligned with its current assessed value. This history suggests a stable, low-value property in the area, not prone to the rapid appreciation seen in other market segments.