Property Overview
130 Morier Avenue is a one-and-a-half storey home in Winnipeg's Glenwood neighbourhood, built in 1919. With 959 square feet of living space and a 2,537 square foot lot, it presents a compact, classic footprint. The home features a detached garage and an unrenovated basement. Its assessed value is notably lower than area averages, and it last sold in mid-2024.
Key Characteristics & Appeal
This property’s primary appeal lies in its position as an affordable entry point into the Winnipeg market, particularly within a mature neighbourhood like Glenwood. Its lower-than-average assessed value and recent sale price suggest it is a value-conscious option. The home suits first-time buyers, investors, or downsizers comfortable with a project, as the unrenovated basement indicates potential for customization or gradual updates. A thoughtful perspective is its lot size: while below average for the street, it requires less maintenance, which could be a draw for those seeking a simpler yard. Its age (107 years) means character is a given, but it also implies a need for a thorough inspection and potential updates to major systems. This isn't a move-in-ready showcase home; its appeal is for the pragmatic buyer who sees foundation over finish.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean?
It usually indicates the basement is in original or functional condition, lacking modern finishes. Buyers should budget for potential updates and prioritize a inspection for moisture, foundation integrity, and mechanical systems.
2. How significant is the lower assessed value?
A lower assessment often translates to lower property taxes, which is a lasting financial benefit. However, it can also reflect the home's condition, age, and smaller size relative to the area.
3. The lot is smaller than others on the street. Is that a major drawback?
It depends on your priorities. It offers less private outdoor space but also means less yard work and lower landscaping costs. For some, this is a practical trade-off for the location.
4. Who might this property not suit?
It may not suit buyers seeking a large, modern living space or a turn-key home without any projects. Families needing multiple large bedrooms or extensive recreational space might find it too compact.
5. The home sold recently in 2024. What should I consider?
A very recent sale suggests the market has recently established its value. It's important to understand why it was sold again so quickly—review any new disclosures and consider if any changes were made during the short ownership period.