Property Overview: 334 Morley Avenue, Winnipeg
Key Characteristics & Appeal
This home at 334 Morley Avenue in the Lord Roberts neighbourhood is a classic Winnipeg character property, built in 1912. Its primary appeal lies in its established location and a lot size that stands out for the area. At 2,509 sqft, the land parcel is notably larger than many on its street and in the immediate neighbourhood, ranking in the top 18% locally. This offers valuable outdoor space and potential in a mature, central community.
The house itself, with 959 sqft of living area, is modest and typical for homes of its era in this area. Its assessed value is proportionally modest, positioning it as a more accessible entry point into the market compared to the city-wide average. Recent sale history indicates significant value appreciation between 2021 and 2023, reflecting the area's desirability.
This property would best suit a buyer looking for a character home in a central, tree-lined neighbourhood, who values a larger-than-average lot for gardening, expansion, or simply more private outdoor space. It’s a practical option for a first-time buyer, an investor, or someone willing to live in and gradually update a historic home. Its metrics suggest you are paying primarily for location and land, with the house representing a solid foundation for creating a personalized home.
Frequently Asked Questions
1. What does the sold price history indicate?
The home sold twice recently: once in the $150k-$200k range in 2021, and again in the $300k-$350k range in 2023. This suggests a period of rapid market increase and/or significant improvement to the property. For the exact sale prices, you can request them via email from the listing source.
2. How does the lot size compare practically?
While the lot is larger than most on Morley Avenue (top 18%), it is still below the city-wide average. The advantage is relative to the dense, established Lord Roberts neighbourhood, where larger lots are uncommon, offering more private outdoor space than you might typically find nearby.
3. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value of approximately $25,300 is for municipal tax purposes and is consistently below average for the city. It reflects the home's age and modest size. The recent sale prices are a far more accurate gauge of its current market value.
4. What should I consider about a 1912-built home?
A home from 1912 will have character but requires diligent inspection. Consider the condition and efficiency of original features like windows, plumbing, electrical systems, and the foundation. Budgeting for ongoing maintenance and potential updates is essential.
5. Who are my likely neighbours?
The listing shows several directly adjacent properties on Morley Avenue, all within 23 meters. The "Similar Assessed Value" list also indicates this price point is found in various other mature neighbourhoods like Varsity View and Vialoux, which could be useful for comparison shopping.