Property Overview: 94 Morton Bay, River West Park, Winnipeg
Key Characteristics & Appeal
This 1974 bungalow presents a practical opportunity in Winnipeg's River West Park neighborhood. At 1,075 sqft, the living space is notably compact for the immediate area but aligns more closely with the city-wide average, suggesting a efficient, low-maintenance layout. Its primary appeal lies in its value proposition: with an assessed value of $359k, it sits well below the neighborhood average and offers one of the most accessible price points on Morton Bay itself. This creates a clear entry point into a established community.
The lot size is a standout feature, offering above-average outdoor space both for the street and city-wide, which is a valuable asset for gardening, recreation, or future expansion. The home's age is also a relative strength on its street, being one of the newest among direct comparables.
This property would suit first-time buyers or downsizers seeking a foothold in a mature neighborhood without a premium price tag. It’s for those who prioritize land space over interior square footage and are comfortable with a home that may require updates. A thoughtful perspective is that its below-average metrics for the area could mean less property tax pressure relative to neighbors, while its city-average stats suggest it’s a broadly typical Winnipeg home, just in a higher-value pocket.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($359k) is for municipal tax purposes. Market value is determined by current conditions. The data shows it sold between $300k-$350k in 2016, and its assessed value is below most neighborhood comparables, which is a useful starting point for discussion.
2. How does the smaller living area impact daily living?
At 1,075 sqft, the home is significantly smaller than the River West Park average. This necessitates efficient use of space but can mean lower utility costs and less upkeep. It's important to assess if the layout meets your needs.
3. What are the implications of the larger lot size?
The 6,498 sqft lot is a positive feature, offering more privacy and outdoor potential than many city properties. Buyers should consider the maintenance required (lawn care, snow clearing) and check zoning for any potential future use, like adding a garage or deck.
4. The home is "newer" for its street. Does that mean fewer issues?
While being built in 1974 makes it newer than many neighbors, it is still a 50-year-old home. Systems like roofing, plumbing, windows, and electrical may be original or nearing the end of their service life. A thorough inspection is essential.
5. How can I verify the exact past sale price?
The public data shows a sold price range from 2016. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as they do not display MLS sold records.