Property Overview: 89 Morier Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighbourhood, built in 1926. With 712 square feet of living space and an unrenovated basement, it presents as a straightforward, no-frills property. Its key appeal lies in its accessibility and potential. The assessed value is notably below averages for the street, area, and city, suggesting a lower entry point into the market. The lot, while smaller than area norms, is manageable.
This home would suit a specific type of buyer: a first-time purchaser or an investor looking for an affordable foothold in the city. It’s a practical choice for someone comfortable with a smaller footprint, willing to take on a property that may require updates, and who prioritizes financial accessibility over immediate move-in readiness. A thoughtful perspective is that its age and simplicity could be seen as an advantage—there’s less to go wrong initially, and any improvements made are likely to add direct, proportional value. It’s a canvas rather than a finished piece.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper"?
The listing notes the basement is "not renovated," and the home is a century old. Buyers should budget for maintenance, updates, and potential repairs, expecting it to require more ongoing attention than a newer build.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and condition relative to the broader Winnipeg market. It indicates this is a more modestly priced property, which is consistent with its sales history.
3. How does the lot size impact the property?
At 2,585 sqft, the lot is smaller than many in Glenwood. This means lower exterior maintenance but also limited space for expansions, large gardens, or additions. It contributes to the home's manageable scale.
4. What can recent sold prices tell me?
The home sold in late 2020 and again in late 2022, each time at a price point well below area averages. This pattern reinforces its position as an affordable, entry-level property that may appeal to investors or buyers seeking a lower-cost option.
5. Who are the most likely neighbours?
The immediate neighbours on Morier Avenue are homes of very similar vintage and assessed value, suggesting a streetscape of consistent, modestly valued properties. This can provide neighbourhood stability.