Property Overview & Key Characteristics
This home at 420 Morley Avenue in Winnipeg's Lord Roberts neighbourhood presents a classic, grounded opportunity. Built in 1912, it is a character home that sits comfortably within the averages for its immediate street and area in terms of size, value, and lot dimensions. With just over 1,050 sqft of living space on a 2,500 sqft lot, it offers a manageable scale. The appeal lies in its established location, a price point that has shown steady growth (evident from its sold price history), and its position as a solid, no-surprises property in a mature community. It’s not an outlier in any metric, which can be a mark of stability.
This property would suit a first-time buyer or downsizer looking for an entry into a long-standing neighbourhood without the premium of a newly built or extensively renovated home. It’s for someone who appreciates a home with history and is potentially prepared for the maintenance that comes with an older structure, balanced by the benefit of a lot size that is generous for the area.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
Based on assessed value, this property ranks in the top third on its own street and top half within the Lord Roberts area, indicating it is valued in line with or slightly above many immediate neighbours. City-wide, its assessment is more modest, highlighting the relative affordability of the neighbourhood compared to newer areas.
2. What does the sold price history tell us?
The home sold in the $300k-$350k range in 2023 and in the $250k-$300k range in 2020. This indicates a trend of increasing value over that period, consistent with broader market movements.
3. Is the lot size a pro or a con?
At 2,504 sqft, the lot is smaller than the Winnipeg city average but is fairly typical for Lord Roberts and actually above average for Morley Avenue itself. It provides outdoor space without the high maintenance of a much larger yard, a practical balance for many.
4. What should I consider about the 1912 build date?
While the home is over a century old, its year built is around the average for both its street and neighbourhood. This suggests the area is full of similarly aged homes, so infrastructure and services are tailored to them. A thorough inspection is essential to understand the current condition and any needed updates to plumbing, electrical, or insulation.
5. Who are the likely neighbours?
The listing shows the adjacent properties on Morley Avenue are all closely built, single-family homes from the same early 20th-century era. This points to a stable, residential streetscape with a consistent character, not a mix of new infill and old homes.