Property Overview: 101 Morier Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This is a notably modern, high-value home in Winnipeg's Glenwood neighborhood. Its key characteristic is its newness—built in 2024, it stands out as one of the newest homes not just on its street, but in the entire city. The 1,164 sqft, one-storey home sits on a generous 5,170 sqft lot and features a renovated basement. There is no garage or pool.
The appeal lies in its combination of a turn-key, contemporary build within an established community. Its assessed value of $890k places it in the top 1-2% of homes in Glenwood and on Morier Avenue, signaling a premium property for the area. The lot size is also above average for the immediate vicinity, offering more outdoor space than many neighboring properties.
This home would best suit buyers looking for a modern, low-maintenance lifestyle without moving to a distant new subdivision. It’s ideal for those who value being in an established area but want the amenities and condition of a new build, and for whom a premium price point for the neighborhood is justified by the property's condition and recent construction.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to the area average?
The assessed value reflects the property's very recent construction (2024). New builds with modern materials, systems, and finishes typically command a significant premium over the older housing stock that makes up the area's average.
2. What does "renovated basement" mean for a 2-year-old home?
In this context, it likely indicates that the basement was fully finished as part of the original build or shortly after, making it move-in ready. It’s a feature that adds immediate liveable space, rather than a project left for the buyer.
3. How does the lack of a garage impact daily life and value?
This is a key consideration. Buyers will need to plan for street parking or the potential cost of adding a garage later. While common for many older homes in the area, its absence in a new, premium-priced home is a trade-off for the modern interior and lot size.
4. The home sold in 2017 for a fraction of its current value. What happened?
The 2017 sale almost certainly was for the vacant land or a previous, much older home that was demolished to make way for this new construction. The current home did not exist at that time.
5. Is the living space smaller than the city average?
Yes, at 1,164 sqft, it is below the Winnipeg city-wide average for comparable homes. However, it is above the average for Glenwood. This highlights the property's positioning: it offers modern quality and a premium lot in a convenient location, rather than maximizing square footage.