Property Overview
22 Moore Avenue presents a distinct profile defined by its contrasts. Its primary characteristic is a very compact 528 sqft living space, ranking it among the smallest homes on its street, in Norberry, and across Winnipeg. This is paired with a significantly larger-than-average lot of over 6,000 sqft. Built in 1945, the home is older than most comparables. The assessed value of $219k is notably below area averages, reflecting this unique combination of a small, older house on a generous lot.
Its appeal lies in its potential and affordability. The low assessment and historically modest sale price point to an accessible entry into the market. The large lot is the standout feature, offering rare space for expansion, gardening, or outdoor living in a city setting. This property would suit a specific type of buyer: a hands-on individual or couple looking for a footprint to build equity through renovation or addition, a budget-conscious first-time buyer willing to trade interior space for land, or an investor seeing the long-term redevelopment potential of the sizable parcel.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessment primarily reflects the existing structure—a very small, older home. The value does not fully capitalize on the development potential of the large lot, which is where significant future value may lie.
2. Is the 528 sqft livable for the long term?
For a single person or couple comfortable with a minimalist footprint, it can be. However, most buyers would view this as a starting point, with plans to renovate or expand into the ample yard space to meet longer-term needs.
3. What does the large lot actually allow me to do?
Beyond a spacious yard, it provides valuable flexibility. You could explore adding an extension, building a detached garage or workshop, or creating extensive landscaping. It's a rare asset that future buyers will also value.
4. Are there risks with a home built in 1945?
Likely yes, and a thorough inspection is essential. You should budget for updates to aging core systems like wiring, plumbing, and insulation. The potential here is coupled with the responsibility of maintaining an older property.
5. The data shows it sold recently in 2022. What does that indicate?
The sale in the $200k-$250k range suggests it was purchased as an affordable entry point. The quick turnaround may indicate an investor flip or a change in plans by the owner; requesting the exact sale history can clarify the timeline and context.