Property Overview
50 Morton Bay is a well-situated family home in Winnipeg's River West Park neighborhood. Built in 1974, its 1,360 sqft living space is efficiently laid out and sits on a 6,007 sqft lot. With an assessed value of $410k, it presents a balanced option in the market, neither the largest nor the most expensive home in its area, but one that offers solid value and a stable streetscape.
Key Characteristics & Appeal
This home’s primary appeal lies in its established neighborhood setting and its position as a reliable, average-sized property on its street. It is notably one of the newer homes on Morton Bay itself, which may suggest updated infrastructure or construction compared to immediate neighbors. The living area is above average for the street, offering more interior space than many nearby homes, while the assessed value is very close to the street's average, indicating it is priced in line with its direct community.
It would suit first-time buyers or downsizers looking for a manageable home in a mature area without overextending financially. It also appeals to value-conscious buyers who prioritize a home that aligns closely with its immediate surroundings over one that stands out, offering a sense of stability and predictable long-term value. A thoughtful perspective is that while the lot size is below the broader neighborhood average, it represents a lower-maintenance yard, which can be a practical advantage for many modern homeowners.
Frequently Asked Questions
How does this home’s value compare to the area?
The home’s assessed value of $410k is around average for the city and very close to the average for Morton Bay street. However, it is below the average for the wider River West Park neighborhood, potentially offering a more affordable entry point into the area.
Is the home newer than others nearby?
Yes. Built in 1974, it ranks as one of the newest homes on its street, which could imply newer major components like plumbing or electrical systems compared to older homes in the vicinity.
What are the sold prices for nearby homes?
A nearby reference property at 58 Morton Bay, with a similar assessed value, sold between $300k-$350k in September 2020. For fully verified and exact sold price history, you can request a manual lookup by email through the listing site.
Is the lot size a drawback?
The lot is smaller than many in the River West Park neighborhood. While this means less outdoor space, it also translates to less yard maintenance, which some buyers may prefer for lifestyle or practicality reasons.
How does the living space compare?
At 1,360 sqft, the living area is above the average for Morton Bay street, offering more interior space than many direct neighbors, but is around the average size when compared to the whole city.