Property Overview & Key Characteristics
This home at 451 Morley Avenue in Winnipeg's Lord Roberts neighbourhood presents a distinct profile defined by its generous lot and classic age. Its primary appeal lies in its exceptionally large 5,007 sqft lot, which ranks in the top 1% on its street, offering rare potential for expansion, gardening, or outdoor space in a central area. The house itself is a modest 720 sqft character home built in 1921, with an assessed value that is average for its immediate locale.
This property would best suit a specific type of buyer: those who value land size over living space, such as an owner looking to eventually build a larger home, a family wanting a substantial yard, or an investor seeing long-term value in the lot itself. It’s a practical choice for someone comfortable with a smaller, older home who views the land as the primary asset for future enjoyment or investment.
Frequently Asked Questions
1. Is the house in good condition given its age?
The listing provides the year built (1921) but not a condition report. Any home of this age will require a thorough inspection to assess the state of its foundation, roof, wiring, and plumbing. Budgeting for updates and maintenance should be expected.
2. Why is the assessed value so much lower than the recent sold price range?
Municipal assessed value for tax purposes often lags behind market value and uses a different calculation method. The recent sale price (2024, $250k-$300k) is a stronger indicator of its current market worth.
3. What can I do with such a large lot?
The lot size is the standout feature. Potential uses could include adding a significant extension, building a detached garage or workshop, or creating extensive landscaping. It’s wise to check City of Winnipeg zoning bylaws for any restrictions on coverage and setbacks before making plans.
4. How does the living space compare to nearby homes?
At 720 sqft, the living area is below average for the street, neighbourhood, and city. This confirms the property is a compact home, making efficient use of space and layout particularly important.
5. What is the neighbourhood like?
Lord Roberts is a mature, central neighbourhood. The "Nearby Properties" data shows very close proximity to neighbouring houses, which is typical for the area, offering a community feel. Its central location likely provides good access to amenities and downtown.