Property Overview: 50 Moberly Avenue, Winnipeg
Key Characteristics & Appeal
This home at 50 Moberly Avenue in the Meadows neighbourhood presents a practical opportunity with a few distinct advantages. Built in 1981, it is notably newer than most homes on its street, ranking in the top 5% locally for its year of construction. This suggests potentially fewer immediate concerns with aging infrastructure compared to its immediate neighbours. The lot size is a clear asset, offering 5,598 sqft of land which is above average for both the street and the broader Meadows area, providing valuable outdoor space.
The living area of 1,040 sqft is modest and roughly average for its immediate context. A key financial characteristic is its below-average assessed value for the street and neighbourhood, which often correlates with a more accessible price point. This combination—a newer home on the block, a generous lot, and a value-oriented assessment—creates its core appeal. It would suit first-time buyers seeking a foothold in the market, value-conscious investors, or owners looking for a home with room to grow outdoors without the premium of a larger interior. The property offers a chance to own a relatively newer structure on a good-sized lot, where future equity may be found through updates to the home itself.
Frequently Asked Questions
1. What does the "Elite" ranking for Year Built actually mean?
It means that among the 40 comparable homes on Moberly Avenue, 50 Moberly Avenue is the 2nd newest, built in 1981. This is a relative strength on this specific street, though it's important to note the home is still 45 years old.
2. If the assessed value is below average, does that mean the property is undervalued?
Not necessarily. A below-average assessment can indicate a more affordable entry point, but it may also reflect the home's condition, finishes, or exact location. It's a useful data point for understanding its position in the market, but not a direct appraisal of market value.
3. How significant is the lot size advantage?
With 5,598 sqft, the lot is larger than about 70% of properties in the Meadows area. This is a tangible asset, offering more privacy, yard space, and potential for additions or landscaping than many nearby homes.
4. The home last sold between $250k-$300k in 2023. Is that price relevant today?
It serves as a recent benchmark, but market conditions can change. This past sale price is most useful for understanding the price trajectory and should be considered alongside current market evaluations.
5. Why is there a discrepancy in the city-wide assessed value comparison?
The data shows a city-wide average assessed value of $390k, which seems unusually high compared to the local figures. This may be due to the inclusion of vastly different property types across the entire city. For a realistic comparison, the "Same area" (Meadows) average of about $40.9k is the more relevant benchmark.