15 Morton Bay

Property Overview: 15 Morton Bay, Winnipeg

Key Characteristics & Buyer Appeal

This 1974 bungalow in River West Park presents a specific value proposition centered on its lot and location. At just over 1,000 sqft, the home itself is notably smaller than most in its immediate area and neighborhood, ranking in the bottom 10% for living space. However, its assessed value of $410k is competitive, sitting near the street average and above the citywide average. The standout feature is the land—a ~6,000 sqft lot that is typical for Winnipeg but offers relative spaciousness on its own street.

The appeal here is for a pragmatic buyer. It suits someone looking for an entry point into a established neighborhood like River West Park, who values outdoor space and is comfortable with a cozy, efficient floor plan. It’s a property where the value is anchored more in the land and location than in the size of the dwelling, making it a potential candidate for future expansion or renovation. First-time buyers, downsizers seeking a manageable home with a good-sized yard, or investors might find it aligns with their goals. A less obvious perspective is that its "below average" size for the area could mean lower utility costs and less maintenance, appealing to those seeking simplicity without sacrificing location.

Frequently Asked Questions

1. How does the home's size compare to nearby properties?
It is significantly smaller than most homes on Morton Bay and in the broader River West Park neighborhood, ranking in the top 90-93% (meaning 90-93% of comparable local homes are larger). City-wide, however, its size is around the average.

2. Is the assessed value in line with the area?
Yes and no. At $410k, it is very close to the average for Morton Bay street itself (~$413.5k). It is, however, assessed below the neighborhood average for River West Park, which is closer to $485.6k.

3. What is the lot size, and how does it compare?
The lot is 5,996 sqft. It is below the average for both Morton Bay street and the River West Park neighborhood, but is near the citywide average for comparable properties.

4. When was it last sold, and for how much?
Records indicate a sale between July 2021 for a price in the range of CA$350,000–$400,000. Exact sale figures require a manual lookup from the provider.

5. The data shows it's an "Elite" year built on its street. What does that mean?
Built in 1974, it is one of the newest homes on Morton Bay, ranking #1 out of 42 comparable properties. This suggests it may have newer core components than its immediate neighbors, though the neighborhood and city averages are similar.