340 Morley Avenue

Property Overview & Key Characteristics

This home at 340 Morley Avenue in Winnipeg's Lord Roberts neighbourhood presents a classic, grounded opportunity. Built in 1912, its 994 sqft living space is typical for the street and area, offering a manageable footprint. The standout feature is its 2,509 sqft lot, which ranks well above average for Morley Avenue, providing valuable outdoor space that is a relative scarcity in the wider city context.

Its appeal lies in its position as a character home in an established community, with a lot size that offers more potential than many peers on the same block. The assessed value is notably below average across all comparison levels (street, area, and city), which can indicate an entry point for the neighbourhood or a property with room for modernization.

This property would suit a practical buyer looking for a character home on a good-sized lot, who is comfortable with a project or the realities of an older home. It's also a candidate for those seeking a strategic entry into the Lord Roberts area, where the value may be in the land and location rather than a turn-key finish.

Frequently Asked Questions

1. What does the below-average assessed value indicate?
A lower assessment compared to nearby homes can reflect several factors, including the home's age, its specific condition, or updates that haven't been captured in the valuation. It often represents a different value proposition than a newly assessed or renovated property.

2. How significant is the lot size?
Ranking in the top 18% on its own street for land area is a meaningful advantage. In mature neighbourhoods, larger lots are finite and can provide valuable extra space for gardening, recreation, or future expansion that many city properties lack.

3. What should I consider about the 1912 build date?
While the home's age is around average for Lord Roberts, it is older than the vast majority of city-wide properties. This underscores the importance of a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which may need attention or updating.

4. Are the sold price ranges for nearby homes a reliable guide?
The provided sold price ranges from public data offer a general market context. For the most accurate comparison, especially given this home's unique lot size and assessment, requesting the exact sold price history for this address is recommended to make informed decisions.

5. What is the immediate neighbourhood like?
The listing shows several homes on the same block (336-346 Morley Ave.), suggesting a tight-knit, stable streetscape. Exploring the area in person at different times of day is advised to get a genuine feel for the community atmosphere and street activity.