Property Overview
53 Morier Avenue is a one-storey home with a renovated basement and a detached garage, built in 1947. With 999 sqft of living space, it sits on a notably generous 5,170 sqft lot in Winnipeg's Glenwood neighbourhood. Its assessed value is $29,400.
Key Characteristics & Appeal
This home presents a practical opportunity in a mature neighbourhood. Its primary appeal lies in its substantial lot size, which is well above average for both the street and the broader Glenwood area, offering valuable outdoor space and potential. The renovated basement adds functional living area. While the living space is modest and typical for the immediate area, the property’s overall value proposition is grounded in its land.
It would suit a first-time buyer or downsizer looking for a manageable, single-level home with a low-maintenance footprint, but who still desires a larger yard for gardening, pets, or future projects. It’s also a sensible fit for an investor seeking a character home with a strong land-to-building ratio in an established community.
Frequently Asked Questions
1. How does this home compare to others nearby?
Within the Glenwood neighbourhood and on Morier Avenue itself, this home is very typical in terms of living space, age, and assessed value. Its standout feature is the lot size, which is larger than most comparable properties nearby.
2. What is the significance of the assessed value?
The assessed value of $29,400 is used for calculating property taxes. It is typically lower than market value. In this case, it is around the average for the local area, suggesting the property is in line with its peers for municipal valuation purposes.
3. Has the property value increased?
Based on available data, the home sold in the range of $23,500–$26,500 in 2016. The current assessed value suggests a modest increase over that period, consistent with broader market trends.
4. What are the implications of a home built in 1947?
While the basement has been renovated, a home of this age may have original building materials and systems. A thorough inspection is recommended to understand the condition of the roof, wiring, plumbing, and foundation.
5. What is the neighbourhood like?
Glenwood is a long-established area with homes primarily from the mid-20th century. The listing shows a mix of older homes like this one and some new construction on the same street, indicating a neighbourhood that is stable yet seeing some renewal.