Property Overview

This home at 112 Harvard Avenue W in Winnipeg's Victoria West neighborhood presents a practical and affordable entry point into the city's housing market. Built in 1949, it sits on a 4,000 sqft lot with 952 sqft of living space and a municipal assessed value of $268k.

Its primary appeal lies in its relative affordability within a well-established neighborhood. The data shows its value and lot size are below the citywide average, which translates to a lower price point. However, it holds its own within Victoria West itself, ranking around average for the area. This suggests you're paying for a solid neighborhood location without the premium for a larger or more modern home.

This property would best suit first-time buyers or pragmatic investors seeking a functional starter home with renovation potential. It's for those who prioritize location and getting onto the property ladder over move-in-ready size or modern finishes. A thoughtful perspective is that its "below average" city rankings in size and value are actually its key advantage, offering a manageable footprint and tax burden for someone who values simplicity and location over sheer scale.

Frequently Asked Questions

1. Is this a good value for the neighborhood?
The data suggests it is competitively priced for Victoria West. Its assessed value is very close to the neighborhood average, and while the home is smaller than others on its specific street, it offers a chance to live on a desirable avenue at a more accessible point.

2. What does the "below average" city ranking mean for me?
Primarily, it indicates a smaller home and lot compared to the Winnipeg average. This isn't necessarily negative; it means lower maintenance, potentially lower utility costs, and a more affordable entry price. It's a trade-off of space for location and affordability.

3. The home was built in 1949. What should I expect?
You should budget for updates typical of a home of this era. While systems may have been replaced, the core structure is from the post-war period. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and insulation.

4. How does the lot size impact future potential?
At 4,000 sqft, the lot is smaller than many in the city but near the neighborhood average. It provides adequate outdoor space but may limit expansion possibilities like a large addition. Any development plans would need to carefully consider zoning bylaws and setback requirements.

5. Who are the typical neighbors on this street?
The analysis shows homes on Harvard Avenue W are, on average, larger, older (1936 average), and have a much higher assessed value. This indicates a street with a mix of original homes and likely more substantial, renovated properties. As an owner of this more modest home, you would benefit from the overall street's character and stability.