Property Overview
83 Moberly Avenue is a compact, single-family home in Winnipeg's Meadows neighbourhood, built in 1978. Its primary appeal lies in its position as an affordable entry point into homeownership, offering a manageable lot and a historically lower price point compared to broader city averages. The home is notably smaller in living space (845 sqft) than most in its immediate area, which is reflected in its below-average assessed value for the street and neighbourhood. However, its lot size is consistent with local norms, and the home is slightly older than many on its specific street, potentially appealing to those interested in a well-established community.
This property would best suit first-time buyers or investors seeking a lower-cost footprint in a mature suburb. Its scale makes it manageable for downsizers or those comfortable with a cozy layout. The data suggests value is found here not in size or luxury, but in the opportunity to enter the market, with the land itself representing a significant portion of the asset.
Key Details & FAQs
- Living Area: 845 sqft
- Land Area: 5,099 sqft
- Year Built: 1978
- Assessed Value: $34,700
- Last Sold Price (2022): $350,000 - $400,000
1. Why is the assessed value so much lower than the recent sale price?
Assessed values in Manitoba are primarily for municipal tax purposes and are often significantly below market value. The sale price from 2022 is a much stronger indicator of the home's actual market worth.
2. The home is described as smaller than average. How significant is this?
At 845 sqft, the living space is substantially smaller than the neighbourhood average (~1,286 sqft). This indicates a compact floor plan, likely with fewer or smaller rooms. Buyers should prioritize a viewing to ensure the layout meets their spatial needs.
3. What does the lot size mean for potential?
The lot is just over 5,000 sqft, which is standard for the area. It provides typical backyard space and may offer potential for gardening, additions, or storage, subject to local zoning regulations.
4. The home is older than many in Meadows. Should I be concerned?
Built in 1978, the home is actually slightly newer than many on its own street. While this suggests some updates may be needed, it also means major components like the foundation have settled and the neighbourhood's character is well-established. A thorough inspection is always recommended.
5. How does the past sale price help me?
The 2022 sale price range gives a concrete benchmark for what a buyer recently paid. It can help inform your offer and indicates the property's market trajectory, showing it was positioned as a more affordable option even two years ago.