Property Overview: 61 Harrowby Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1914. With 714 sqft of living space, it is notably smaller than most homes in the area and across the city, positioning it as a more affordable entry point. The lot size of 3,383 sqft is fairly typical for the immediate street but is below the wider city average. Key features include a detached garage and an unrenovated basement.

The primary appeal lies in its value and potential. Its assessed value is significantly below area averages, suggesting a lower price threshold for buyers. This makes it a candidate for first-time homeowners, investors, or downsizers seeking a foothold in the market without a large upfront investment. The property suits a practical buyer comfortable with a home that may require updates, or an investor looking for a rental property with a manageable scale. A less obvious perspective is that its smaller size and older vintage could appeal to those seeking a minimalist lifestyle or a project home where the scope of renovation is contained by the home's modest footprint.

Section 2: Frequently Asked Questions

1. Is this a "tear-down" or a renovation project?
Given its age, smaller size, and unrenovated state, the property could be seen either way. Its value is primarily in the land, but the existing structure provides a liveable shell for a gradual, budget-conscious update.

2. How does the low assessed value translate to the likely selling price?
While the assessed value is a key municipal metric for taxes, it is not a direct predictor of market price. However, such a low assessment strongly indicates a selling price well below the neighbourhood average, which is its main market advantage.

3. What are the implications of the "unrenovated basement"?
This typically means the basement is in original or functional condition, but not modernized. It likely provides essential utility space and storage, but not finished living areas. Buyers should budget for potential moisture-proofing, insulation, or foundational checks common with century-old homes.

4. The home is smaller than 96% of properties citywide. What does that mean for daily living?
The floor plan will be efficient and compact. It is well-suited for 1-2 people. This necessitates thoughtful furniture choices and organization, but also results in lower utility costs and less maintenance.

5. The sold price history shows a very wide range. Why is that?
The listed range is based on public data estimates. To get the precise sale price, you must request it via email from the source. This wide range underscores the importance of obtaining exact historical data to understand true market activity for this specific, unique property.