428 Moray Street

Property Overview & Key Characteristics

This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a blend of space, value, and established community appeal. Its key strength is the generous 6,399 sqft lot, placing it in the top 17% for size on its street, providing ample outdoor potential. The 1,500 sqft living area is also notably spacious for the area, ranking in the top 83% on the street. The home features a renovated basement and a detached garage. Built in 1960, it is one of the newer homes in its immediate vicinity, ranking in the top 87% by year built on Moray Street.

The appeal lies in its solid value proposition and room to grow. The assessed value of $43,400 is in the top 7% on the street, suggesting the property is viewed favorably relative to its neighbours, yet the 2021 sale price of $38,500 indicates a potentially accessible entry point. It suits practical buyers looking for a larger-than-average lot in an established area—perfect for families, gardeners, or those who value private outdoor space. It’s also a sensible choice for buyers who appreciate a home that already has key updates like a renovated basement, allowing them to avoid major immediate projects.

Frequently Asked Questions

Q: How does the lot size compare to typical properties?
A: The lot is a significant feature at 6,399 sqft, which is substantially larger than many in the immediate area and ranks in the top 17% for size on Moray Street.

Q: What does the assessed value tell me?
A: The current assessed value of $43,400 is notably higher than the 2021 sale price and ranks in the top 7% on the street. This can indicate the municipality sees strong value in the property relative to its neighbours, but market conditions and the property's condition are the final determinants of price.

Q: Is the home older or newer for the neighbourhood?
A: Built in 1960, it is actually one of the newer homes on its street, ranking in the top 87%. This can be an advantage, potentially meaning fewer concerns related to very aged infrastructure found in older homes in the area.

Q: What is the living space like?
A: At 1,500 sqft, the living area is comfortably above average for both the street and the wider Booth neighbourhood, offering more interior space than many comparable properties.

Q: Are there any recent renovations?
A: Yes, the listing specifies that the basement has been renovated, which is a key update that adds immediate livable space and can reduce the need for near-term investment.