Property Overview: 328 Morley Avenue, Winnipeg
Key Characteristics & Appeal
This home at 328 Morley Avenue in Lord Roberts is a study in contrasts, offering a compelling mix of established neighbourhood character and specific value metrics. Built in 1913, it presents a classic footprint with 880 sqft of living space, which is notably compact compared to area averages. However, its true standout feature is the 2,509 sqft lot, which ranks in the top 18% for size on Morley Avenue. This suggests a property where the land itself is a significant asset, potentially offering generous outdoor space relative to the home's size.
The appeal lies in its position as an efficient, potentially lower-maintenance home on a desirable lot in a mature, central neighbourhood. Its assessed value is strong for the immediate street and area, indicating it is well-regarded within its local market context. This property would suit a first-time buyer, an investor, or a downsizer looking for a foothold in Lord Roberts without the scale of a larger modern home. It’s a practical choice for those who prioritize location and land over sheer interior square footage, and who see potential in the balance between a modestly sized house and an above-average lot.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 880 sqft, the living area is below average for the city and for the Lord Roberts neighbourhood. It is a compact home, which typically translates to lower utility costs and less maintenance, but may require creative use of space.
2. What does the lot size mean for a buyer?
The lot is 2,509 sqft, which is larger than most on Morley Avenue (top 18%). This is a key feature, offering more private outdoor space than many neighbouring properties, which could be used for gardening, entertaining, or future expansion, subject to approvals.
3. Is the assessed value high or low?
The assessed value of $29,500 is above the street average and around the neighbourhood average, but below the citywide average. This reflects its strong standing in the immediate, established area of Lord Roberts, rather than in newer suburban districts.
4. What can past sale prices tell me?
The home sold in the $350k-$400k range in 2021 and the $250k-$300k range in 2019. For a precise historical sold price, you can request the exact figure via email from the listing service.
5. Who might this property not suit?
Buyers needing substantial, move-in-ready interior space or modern, open-concept layouts may find this 1913-built home limiting. It’s better suited for those comfortable with the character of a century-old home and who value lot size over interior square footage.