Property Overview & Appeal
This home at 429 Morley Avenue is a classic, early 20th-century residence in Winnipeg's Lord Roberts neighbourhood. Its key characteristic is its solid, average positioning within its immediate context. With 990 sqft of living space, a 2,504 sqft lot, and an assessed value of $25,800, it consistently ranks as "around average" when compared directly to its neighbours on Morley Avenue and within the Lord Roberts area. This suggests a home that is in step with the local market, neither over-improved nor under-developed for its setting.
The appeal lies in this very balance and in the established, central location. It represents an opportunity to own a character home in a mature neighbourhood without the premium often attached to larger or fully renovated properties. It would suit a pragmatic first-time buyer or an investor looking for a stable, entry-point property in a central area. The buyer should be prepared for the realities and potential maintenance of a 1912-built home but can take confidence from its consistent, middle-of-the-road metrics among comparable local homes. A less obvious perspective is that its "below average" citywide rankings for size and value actually highlight the affordability and character of the central neighbourhoods compared to the newer, larger-home suburbs.
Frequently Asked Questions
1. What does "around average" for this property actually mean?
It means that when compared specifically to similar homes on its street and in the Lord Roberts neighbourhood, its living area, assessed value, year built, and land size are all typical. It is not an outlier in any major category, suggesting it aligns with local expectations.
2. How can the assessed value be so much lower than the last sold price range from 2016?
Municipal assessed value for tax purposes is not the same as market value. It is often calculated using mass appraisal techniques and can lag behind current market conditions. The 2016 sale price range reflects what a buyer was willing to pay at that time.
3. Is the 1912 year built a concern?
It indicates a character home that will likely require diligent maintenance and may need updates to mechanical systems like wiring or plumbing. Its age is typical for the street (average year built is 1927), so local contractors are likely familiar with homes of this vintage.
4. How does the lot size compare?
At 2,504 sqft, the lot is smaller than the average for both Lord Roberts and the city overall. However, it is closer to the norm for Morley Avenue itself. This points to a more compact, traditional urban lot rather than a sprawling yard.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail. The listing notes that you can request this information directly via email, and they commit to providing the accurate figures manually without using your email for unsolicited marketing.