Property Overview: 146 Harvard Avenue, Crescentwood

Section 1: Key Characteristics & Appeal

This is a substantial, classic two-and-a-half storey home built in 1910, situated on a large, above-average lot in the desirable Crescentwood neighbourhood. Its primary appeal lies in its generous proportions and clear value as a long-term project. With 2,751 sqft of living space, it offers significantly more room than most Winnipeg homes, providing ample space for a growing family or flexible living arrangements. The property features an attached garage and a full, unrenovated basement, presenting both storage potential and future expansion possibilities.

The home’s strongest suit is its land. The lot size is well above average for both the street and the neighbourhood, offering rare outdoor space and privacy in a central location. While the house itself is older and requires modernization, its high assessed value relative to peers indicates solid underlying worth and a desirable location. This property is ideally suited for a specific buyer: someone with a vision for a character home, who is prepared for a renovation or restoration project to unlock its full potential. It’s a canvas for creating a custom, high-value family home in a prime area, appealing to those who value space, location, and architectural heritage over immediate move-in readiness.

Section 2: Frequently Asked Questions

1. What does "unrenovated basement" typically imply?
It means the basement is in original or largely untouched condition. Buyers should budget for potential updates to mechanical systems (like plumbing or electrical), insulation, and finishing to make it a comfortable living or storage space.

2. The sale price is significantly higher than the assessed value. Why?
Assessed value is for municipal tax purposes and often lags behind market value, especially for unique properties. The sale price reflects what a buyer recently paid for the combination of the large lot, the neighbourhood, and the home's size and potential, which the market highly values.

3. Is the older year (1910) a concern?
It represents both character and responsibility. While it offers classic architectural details, it also means systems like wiring, plumbing, and insulation may need evaluation and upgrading to modern standards. A thorough inspection is essential.

4. Who would this home NOT be suitable for?
It may not suit first-time buyers seeking a low-maintenance start, or anyone unwilling to manage a renovation project. It’s also less ideal for those who prefer a modern, open-concept layout without undertaking significant structural work.

5. The lot is large, but what are the obligations that come with it?
A large lot in an established area offers great privacy and space, but also means higher maintenance (like lawn care and landscaping) and potentially higher property taxes relative to smaller lots. It’s an asset that requires ongoing commitment.