Property Overview
This one-storey home at 14 Morier Avenue in Winnipeg's Glenwood neighbourhood presents a specific and straightforward opportunity. Its key appeal lies in its very low price point and the potential inherent in its sizable lot. The house itself is modest, with a living area of 578 sqft that ranks it among the smallest homes in the city. It was built in 1931 and features a basement that is noted as not being renovated, with no garage or pool. The assessed value is notably low at $20,500. However, the property sits on a land area of over 5,100 sqft, which is larger than many lots on its street and in the immediate area. This combination makes it a clear candidate for buyers looking for a land-value play, a knockdown-and-rebuild project, or an investor comfortable with a major renovation. It is not suited for someone seeking a move-in-ready or spacious family home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state, considering the home's very small size, age, and condition. It is primarily valued for its land, not the existing structure.
2. What type of buyer would this property be best for?
It would suit an investor, developer, or handy buyer with a long-term vision. Its value is in the land size and the potential for a significant renovation, rebuild, or holding as a land asset, rather than as a finished home.
3. How does the lot size compare to others?
At 5,162 sqft, the lot is a standout feature. It is larger than the average lot on Morier Avenue and in the Glenwood area, offering more space for expansion, gardening, or future development compared to neighbouring properties.
4. What does "basement not renovated" imply?
This typically indicates the basement is in original or unfinished condition. Buyers should budget for necessary updates for livability or utility and anticipate potential moisture issues common in older Winnipeg homes.
5. The last sold price range shows $15.5k - $18.5k in 2017. Is the current asking price likely near the assessed value?
While not a direct guide to listing price, the assessed value and historical sale suggest this is a very low-price-point property. The price is likely driven by land value and market conditions, not the dwelling's amenities. For the exact sale price history, you can request details via email from the listing source.