Property Overview: 410 Morley Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 410 Morley Avenue is a classic, early 20th-century residence built in 1913, situated on a desirable lot in the established Lord Roberts neighbourhood. Its key appeal lies in its balanced proportions and strong local positioning. With 1,130 sqft of living space, it is squarely average for the area, offering a practical footprint without being oversized. The standout feature is the 2,754 sqft land area, which ranks in the top 17% on its street, providing above-average outdoor space—a valuable asset in a mature neighbourhood.
The home’s assessed value of $240k is average for Lord Roberts and Morley Avenue but sits below the wider Winnipeg average, suggesting a potentially accessible entry point into a stable community. Its appeal is one of straightforward, no-frills character. It would suit a first-time buyer or pragmatic investor looking for a home with good lot size in a central location, who appreciates the charm of an older home and is prepared for the maintenance that comes with a 113-year-old structure. It’s less about modern luxury and more about solid fundamentals and the potential inherent in a well-located property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
While its assessed value is typical for its immediate street and neighbourhood, it ranks below the city-wide average. This indicates you are paying primarily for the specific location within Lord Roberts, not for premium city-wide features, which can represent a value-focused choice.
2. What does the "above average" land area ranking mean practically?
Ranking in the top 17% on Morley Avenue for lot size means you likely have more yard space than most of your direct neighbours. This could allow for larger gardens, outdoor living areas, or future additions where zoning permits.
3. The home sold between $200k-$250k in 2021. What is its likely value today?
The provided sale range is from 2021. Current market value would depend on recent sales of comparable homes, any updates made since 2021, and prevailing market conditions. The assessed value offers a baseline, but a current appraisal or comparative market analysis is needed for an accurate figure.
4. As a home from 1913, what should I be prepared for?
Homes of this age often have character but require diligent upkeep. Prospective buyers should budget for potential updates to older mechanical systems (like plumbing or wiring), insulation, and windows. A thorough pre-purchase inspection is essential.
5. Who are the typical buyers in this area?
Lord Roberts often attracts buyers seeking a central, residential neighbourhood with a community feel. Given this home’s profile, it would likely appeal to first-time homeowners, small families, or value-oriented investors looking for a character home with a solid lot size, rather than those seeking a new or fully renovated property.