Property Overview: 106 Morningmead Walk, Winnipeg
Key Characteristics & Appeal
This 988 sqft home, built in 1973, sits on a roughly 5,740 sqft lot in River East. Its primary appeal lies in its solid positioning within its immediate context. While the living space is modest compared to broader neighborhood and city averages, the property holds its own on its own street, where its size, assessed value ($341k), and lot are all around the local norm. This suggests a well-established, consistent streetscape.
The data reveals a practical, no-surprises profile. It’s a home that has seen significant appreciation, last selling for between $400k-$450k in 2022, a notable increase from its $250k-$300k sale in 2019. This points to a market that has actively valued the location and offering.
This property would suit a first-time buyer or downsizer looking for an entry point into a stable neighborhood without overextending. It’s for someone who values a standard lot and a home that is typical for its specific block, potentially offering easier future resale within that micro-market. A thoughtful perspective is that its "averageness" on the street could be a stability advantage, insulating it from standing out negatively among direct comparables.
Frequently Asked Questions
1. Is the living area too small?
At 988 sqft, it is below the neighborhood average. However, it ranks near the middle compared to other homes directly on Morningmead Walk, indicating the street consists of similarly sized homes. It’s compact but in line with its immediate surroundings.
2. How does the assessed value compare?
The city assessment of $341k is around the Winnipeg average for comparable homes. It is slightly below the River East neighborhood average but ranks about average for the street itself, suggesting the valuation is consistent with its direct location.
3. What is the property’s history of value?
Based on available data, the home sold in the $250k-$300k range in 2019 and then in the $400k-$450k range in 2022. This indicates a period of strong value increase over those three years.
4. Are the sold prices shown exact figures?
No. For non-members, sold prices are shown in $50k bands. To obtain verified, exact historical sale figures, you must request them directly from the site via email, as they do not publish MLS data.
5. How does the lot size compare?
The lot is approximately 5,740 sqft. This is slightly smaller than the lot average on Morningmead Walk and for the neighborhood, but it is around the average when compared city-wide. It provides a typical suburban yard space.