Property Overview
This two-storey home at 90 Morningside Drive in Fort Richmond presents a compelling mix of space, value, and location. Its key appeal lies in offering above-average living area and a notably high assessed value within its immediate neighbourhood, suggesting a home that has been well-maintained or updated relative to its peers.
Key Characteristics & Ideal Buyer
The home’s primary strength is its generous 2,125 sqft of living space, which places it in the top 12% of homes on its street and the top 7% within Fort Richmond. This is complemented by a renovated basement, adding functional space. Built in 1977, it is newer than most comparable homes in the area. The standout metric is its assessed value, which ranks in the top 2% on Morningside Drive and the top 7% in the neighbourhood, indicating a premium valuation for its location and characteristics.
Its appeal is for the practical buyer who prioritizes interior space and modernized features over a large yard. The land area is smaller than most on the street, which may appeal to those seeking lower maintenance outdoor space without sacrificing indoor square footage. It would suit a growing family, a professional couple needing home office space, or a value-conscious buyer looking for a home with above-average metrics in a established neighbourhood like Fort Richmond. Recent sale history suggests stable value.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates that, according to municipal assessment, this home is valued significantly higher than most comparable homes on its street and in the wider neighbourhood. This often reflects updates, desirable features, or a premium lot location that the city's assessment model recognizes.
2. The land size is noted as "below average." How significant is this?
The lot is approximately 5,901 sqft. While it is the smallest among the 42 homes on Morningside Drive, it is closer to the Winnipeg city-wide average. This typically means a smaller backyard, which could be a drawback for some but an advantage for those seeking less yard maintenance.
3. Has the home's value increased since its last sale?
The home sold in 2019 and again in 2016. The sold price ranges from that history, when compared to the current assessed value, can indicate market trends. For the exact sold prices to make a precise comparison, you can request the information via the provided email service.
4. What are the implications of the home having a renovated basement?
A renovated basement legally adds to the liveable square footage (reflected in the 2,125 sqft total) and functionality. It’s important to clarify the nature of the renovation—whether it’s a finished recreational space, additional bedrooms, or a separate suite—and if proper permits were obtained.
5. The home is newer than many on the street. Why is that relevant?
A 1977 build date is relatively recent for the area. This can suggest potentially newer major systems (like plumbing and electrical) compared to older homes, and possibly a layout that feels more modern, though it still may require updates common to homes of that era.