Property Summary: 155 Morier Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1914. With 833 sqft of living space and a renovated basement, it offers efficient, no-fuss living on a standard city lot. A detached garage provides utility and storage.
Its primary appeal lies in its value and practicality within a mature, established area. The home presents a more affordable entry point into the Winnipeg market, particularly for a house with a detached garage. The renovated basement adds functional living space, which is a significant asset in a smaller-footprint home.
This property would best suit first-time buyers, downsizers, or pragmatic investors looking for a straightforward, lower-maintenance home without major renovations. It’s for someone who values character and location over square footage, and who sees the potential in a well-maintained older home that is priced comparably for its immediate area. A thoughtful perspective is that while its size ranks below average city-wide, it is competitively sized for the Glenwood neighbourhood itself, suggesting it fits the local housing fabric well.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the price?
The assessed value of $290k is around average for both Morier Avenue and the wider Glenwood area, but below the city-wide average. This typically indicates the home is priced in line with its immediate neighbourhood, which often has more bearing on market value than a city-wide comparison.
2. Is a 110-year-old home a concern?
While the age (1914) is well above average, this is common for the core of Winnipeg. The critical factors are the home's maintenance history, the quality of the basement renovation, and the condition of major systems like wiring, plumbing, and the foundation, which should be carefully inspected.
3. How usable is the living space?
At 833 sqft above grade, the floor plan will be compact. The renovated basement effectively doubles the functional living area, making the home feel more spacious than the main-floor square footage suggests. Consider how the layout fits your daily life.
4. Who are the typical neighbours?
The mix of similarly aged homes and the stable assessed values on the street suggest a settled, likely long-term community. This can be a positive for neighbourhood stability.
5. Why is the last sold price range so much lower than the current assessment?
The home sold in late 2017 for an estimated $225k-$255k. The increase to the current $290k assessment reflects broader market appreciation over seven years, as well as the value added by the basement renovation.