Property Overview: 22 Morton Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Morton Bay presents a compelling mix of established value and relative modernity within its immediate surroundings. Built in 1974, it is one of the newer homes on its street, offering potential advantages in building standards and systems compared to older Winnipeg stock. With 1,286 sqft of living space, it fits comfortably within the city-wide average, providing a practical footprint for everyday living.
The property’s primary appeal lies in its strong positioning within the local context. Its assessed value of $479k ranks in the elite top 5% on its own street, suggesting it is perceived as a premium offering in this specific location. This is supported by an above-average lot size for the street, providing valuable outdoor space. While the home’s size is below the broader River West Park neighborhood average, this translates to a more manageable property that may appeal to those seeking less maintenance without sacrificing location.
This home would suit a pragmatic buyer who values a solid investment in a mature area. It’s ideal for someone who appreciates being one of the better-maintained or updated homes on a block rather than the largest in a subdivision. First-time buyers or downsizers looking for a manageable space with a generous lot, or an investor seeking a property with a strong assessed value foundation in a stable area, would find this worth a close look.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $350k-$400k in mid-2020. The current assessed value of $479k is significantly higher, reflecting market changes and municipal assessment. It’s important to get exact historical sale data and a current market evaluation to understand this gap.
2. Is the living space smaller than most homes in River West Park?
Yes. At 1,286 sqft, it ranks below the neighborhood average (~1,678 sqft). However, it is very close to the average for its own street (~1,258 sqft), indicating it’s typical for this specific part of the community.
3. What does the “elite” year-built ranking mean?
Being ranked #1 out of 42 homes on Morton Bay for year built (1974) simply means it is the newest or among the very newest houses on this particular street. This can imply newer infrastructure, but a professional inspection is still essential.
4. Why is the city-wide assessed value ranking higher than the neighborhood ranking?
The assessed value ($479k) is above average for all of Winnipeg but around average for River West Park. This indicates the neighborhood itself commands higher values than many city areas, and this property sits squarely within that local market.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general reference. Due to data source restrictions, exact sale figures require a manual lookup. You can request this information directly via email through the provided link on the property page.