440 Moray Street

Property Overview: 440 Moray Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the Booth neighbourhood presents a solid opportunity for a range of buyers. Its key strength lies in its generous 7,679 sqft lot, which is larger than approximately 87% of properties in Winnipeg, offering significant outdoor space and potential in a city where such lots are becoming rarer. The home itself, with 1,487 sqft of living space, is comfortably above average for its street and area. A renovated basement adds functional living space and is a major practical advantage.

The appeal here is grounded in value and potential. With a current assessed value significantly higher than its last sale price in 2019, the property suggests room for equity. It suits first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance footprint, but also appeals to those with a vision for renovations or additions, given the substantial lot size. A less obvious perspective is its positioning within its immediate area: while the home ranks well for size and value on its street, its newer construction date ranks lower in the neighbourhood, indicating it's surrounded by many newer homes, which can be a positive for overall area upkeep and standards.

Section 2: Frequently Asked Questions (FAQs)

1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, which typically means finished living space. However, specifics on the scope, quality, permits, and the nature of the rooms (e.g., bedroom, recreation room) are not provided here and would require inquiry with the seller or a viewing.

2. How significant is the lot size?
At 7,679 sqft, the lot is a standout feature. It is larger than most properties in Winnipeg, offering ample yard space for gardening, recreation, or future expansion like a garage, workshop, or addition, which is a valuable asset in a mature neighbourhood.

3. The assessed value is much higher than the 2019 sale price. What does this mean?
This indicates the city's current valuation of the property for tax purposes is $40,600, which is notably higher than its last purchase price five years ago. This generally suggests market appreciation and potential built-up equity, but the final sale price is always determined by the current market.

4. What is the neighbourhood like?
The home is in the Booth neighbourhood. The data shows it ranks in the top 65% for lot size locally, suggesting a well-established area with a mix of property sizes. The nearby comparable properties on Moray and Aldine Streets indicate a consistent, stable streetscape.

5. Are there any concerns about the home's age?
Built in 1960, the home's core systems (roof, wiring, plumbing, foundation) may be original or have undergone updates. Its construction date is newer than many on its street but older than many in the wider Booth area. A thorough inspection is recommended to understand the condition and any needed updates.