Property Overview: 421 Morley Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, century-old home (built 1910) in the Lord Roberts neighbourhood, characterized by its below-average size (710 sq ft living area) and assessed value ($180k). Its primary appeal lies in affordability and location within a mature, established community. The lot size (2,504 sq ft) is fairly typical for the immediate street and area, offering standard urban outdoor space.
The property would best suit first-time buyers, downsizers, or investors seeking an entry point into the Winnipeg market with a lower financial barrier to entry. Its value proposition is straightforward: you are purchasing a location in a central neighbourhood, not a large or modern living space. A thoughtful perspective for potential buyers is to consider the trade-off: while the home ranks below average in size and value metrics compared to the wider city, it represents a chance to own a home in a character area without a premium price tag, potentially freeing up budget for renovations or lifestyle. It’s a practical choice for those who prioritize land ownership in a specific community over interior square footage.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper"?
While the listing doesn't specify condition, the 1910 build date and the fact that its assessed value is significantly lower than the citywide average for comparable homes suggest it likely requires updates or maintenance. Prospective buyers should budget for potential renovations.
2. Why is the assessed value so much lower than the citywide average?
The $180k assessment reflects this specific home's older age, smaller size, and its value relative to similar properties in Lord Roberts. The much higher citywide average (cited as $390k) includes newer, larger homes in different areas, making a direct comparison misleading.
3. What can the sold price history tell me?
The home sold between $100k-$150k in 2019. This historical range, significantly below the current assessed value, indicates the market has appreciated. For the exact sale price, you must request it directly from the listing service.
4. How does the lot size compare?
At 2,504 sq ft, the lot is around average for Lord Roberts and on Morley Avenue itself. It is, however, below the citywide average, which is skewed by newer suburbs with larger lots. In this central neighbourhood, the lot size is unexceptional but standard.
5. Who are the typical neighbours?
The nearby properties on Morley Avenue are similarly aged homes, suggesting a streetscape of consistent, older character homes. The "similar assessed value" examples provided are primarily condominiums in other areas, highlighting that this price point buys a detached house here, but likely an older one.