Property Overview: 420 Moray Street, Winnipeg
Key Characteristics & Appeal
This home at 420 Moray Street presents a compelling opportunity in Winnipeg's Booth neighborhood. Its primary strengths are its generous proportions and established lot. With 1,622 sqft of living space, the house is notably larger than most comparable homes on its street, in the neighborhood, and across the city. The lot size of 8,157 sqft is a significant asset, ranking in the top 6% on the street and top 11% citywide, offering ample outdoor space.
The appeal here is grounded in space and value. The assessed value of $385k is above average for Moray Street but sits around the average for both the broader Booth area and Winnipeg, suggesting the price reflects the home's larger footprint and lot. Built in 1961, it is a mature property, but notably newer than most on its specific street. This combination suits buyers looking for a spacious, classic home on a large lot without a premium city-wide price tag. It would particularly fit growing families seeking room both indoors and out, or value-oriented buyers who see potential in the generous land size.
A less obvious perspective is the street-level desirability it indicates. Ranking highly for living area, lot size, and year built among its immediate neighbors suggests this is one of the more substantial and updated properties on the block, which can contribute to stability and pride of ownership.
Frequently Asked Questions
1. How does the assessed value relate to potential selling price?
The assessed value of $385k is for municipal tax purposes. While it provides a benchmark, the actual selling price is determined by the market. This home's value is above the street average but aligns with broader area averages, indicating it's priced for its larger size.
2. What does the year built (1961) mean for maintenance?
As a home from the 1960s, buyers should budget for updates common to houses of this era, such as roofing, windows, or mechanical systems. However, being newer than most on its street suggests it may have had a relative advantage in upkeep or updates over time.
3. How does the lot size compare, and what are the benefits?
The lot of 8,157 sqft is substantially larger than the city average. This allows for greater privacy, expanded gardening or recreational space, and potential for additions like a shed or deck, which are harder to achieve on standard lots.
4. Are there recent sales data for this exact property?
No direct sales history is displayed for this listing. Exact prior sale figures can be requested manually from the data provider, as detailed in the "Data notes" section.
5. What do the rankings for "living area" actually tell me?
The rankings show that this home offers more interior space than a majority of similar homes on its street (top 12%), in Booth (top 25%), and across Winnipeg (top 24%). This is a key differentiator if you prioritize spacious rooms or need multiple bedrooms.