Property Overview: 428 Morley Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This is a classic, early 20th-century home built in 1912, situated on a standard city lot in the established Lord Roberts neighbourhood. Its primary characteristic is its modest scale, with a living area of 720 sqft that is notably compact compared to both local and city-wide averages. This positions the property as an efficient, manageable space rather than a sprawling home.
The appeal lies in its affordability and location within a mature community. The assessed value is modest, especially when viewed against city-wide benchmarks, suggesting a lower entry point into the market. It suits first-time buyers, downsizers, or investors seeking a character home with straightforward upkeep. A thoughtful perspective is that its smaller size and older vintage offer a chance to own a home with history without the premium price tag of a fully renovated character property, allowing the next owner to tailor updates to their own taste and budget over time.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 720 sqft, the living area is below average for the Lord Roberts neighbourhood, where comparable homes average about 1,071 sqft. It represents a more compact living option.
2. What is the property’s assessed value, and how is it calculated?
The assessed value is $21,100. This is determined by the municipal authority for taxation purposes, considering factors like lot size, building size, age, and location. It is typically below both the average market value and the average assessed value for the city.
3. When was the home built, and what should I consider due to its age?
The home was built in 1912. Potential buyers should budget for and investigate the condition of age-related systems like plumbing, electrical, and the foundation, and consider the potential for historical charm alongside modernization needs.
4. Can I find out the exact price it last sold for?
The public data shows a sold price range of CA$200k–250k for 2022. The exact sale price is available by request from the listing service, which provides it manually via email.
5. What is the lot size, and are there development possibilities?
The lot is 2,504 sqft, which is around average for the street but below the city-wide average. Any expansion or redevelopment would be subject to local zoning bylaws and the home's heritage context, given its age.