Property Overview: 327 Morley Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Morley Avenue in Lord Roberts presents a compelling blend of established character and above-average space for its immediate area. Built in 1910, it is a classic Winnipeg property with the potential for charm and updates. Its primary appeal lies in its generous living area of 1,462 sq ft, which ranks in the top 7% of homes on its street and the top 11% within the Lord Roberts neighbourhood, offering more interior room than many comparable local properties. The lot size, while modest by wider city standards, is above average for the street.
The assessed value positions the home as a solid, above-average asset within its local context. Recent sale history suggests steady market interest. This property would suit a buyer looking for a character home in a central neighbourhood who values interior space over a large yard. It’s a practical choice for someone comfortable with the maintenance and potential updating of an older home but who wants to be in a sought-after area without paying a premium for a more modern structure. A thoughtful perspective is that while the home is older than many in the city, its above-average size and value within its desirable micro-location could represent a strategic entry point into the neighbourhood.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its value?
While the 1910 build date is older than most city homes, the property’s assessed value remains strong for its street and neighbourhood. This suggests the location and living space are significant value drivers, potentially offsetting concerns about age for buyers who appreciate character homes.
2. Is the lot size a disadvantage?
The 2,508 sq ft lot is below the Winnipeg average but is actually above average for Morley Avenue itself. It provides a traditional urban yard for the area. Buyers seeking extensive outdoor space might look elsewhere, but it is typical for central, established neighbourhoods.
3. What do the ranking percentages (e.g., Top 7%) actually mean?
These rankings compare this specific property against similar homes in three circles: its immediate street, the broader Lord Roberts neighbourhood, and citywide. For example, its living area is larger than 93% of comparable homes on its street, making it a spacious option in that direct context.
4. Why is the exact sold price not listed publicly?
Exact sale prices are not always publicly available in Manitoba. The provided price ranges are based on public data, and the accurate figure can be requested directly from the listing service, which manually verifies the sale records.
5. How stable has the property’s value been?
Based on the available sale ranges, the property increased in value between its 2017 and 2021 sales. Its current assessed value continues to rank well above the local averages, indicating consistent market recognition for homes in this location.