Property Overview: 394 Morley Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1911, presents a classic Winnipeg character property with notable potential. Its key appeal lies in the balance between its established neighbourhood setting and its tangible value proposition. The 1,088 sqft living space is squarely average for the area, suggesting a manageable size for renovation or comfortable living. However, the standout feature is the 3,504 sqft lot, which ranks in the top 10% on its street, offering generous outdoor space that is increasingly rare in mature neighbourhoods.
The property’s assessed value is notably below average for both the Lord Roberts area and the wider city, which can indicate an entry point for buyers. This combination—a larger-than-standard lot with a lower assessment—typically suits practical buyers looking for a long-term project. It’s ideal for someone seeking to put their own stamp on a home, whether through gradual updates or a more significant renovation, with the security of a substantial yard. It may also appeal to value-conscious investors or buyers who prioritize land size over a move-in-ready finish, seeing the underlying asset as the primary draw.
Section 2: Frequently Asked Questions
1. What does the below-average assessed value indicate?
A lower assessment can reflect the home’s age and condition relative to updated properties in the area. It often suggests a value opportunity but also implies that modernizing updates may be needed. It's a key factor for buyers weighing initial price against potential renovation budgets.
2. How significant is the lot size?
Very. The lot is significantly larger than most on the street (top 10%), providing exceptional outdoor space for gardens, play, or expansion. This is a permanent asset that adds long-term value and flexibility that smaller lots cannot offer.
3. What should I consider about the 1911 build date?
While the structure is solid, a home of this age requires a careful inspection for foundational integrity, historical wiring or plumbing, and insulation standards. Its character comes with the responsibility of maintaining or upgrading older systems.
4. Are the sold price ranges provided accurate?
The listed ranges are based on public data. For precise historical sale figures, you must request the exact sold price history via the provided email service, which the site manually verifies.
5. Who are the most likely neighbours?
The listing shows several directly adjacent properties on Morley Avenue, indicating a closely knit, established streetscape. The "similar assessed value" examples are from across Winnipeg and are for assessment comparison only, not indicative of the immediate neighbourhood character.