Property Overview: 68 Morley Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,056 sqft home, built in 2009, presents a compelling blend of modern convenience and established neighbourhood character. Its primary appeal lies in its relative newness within a mature area; it ranks in the top 2% of homes in Riverview by year built, meaning it offers contemporary construction and systems while being nestled in a long-standing community. With an assessed value of $398,000, it sits well above the average for its immediate street, suggesting it is a standout property on Morley Avenue.
The home’s living space is typical for the street but somewhat cozier than the broader city average, suiting buyers looking for efficient, low-maintenance living rather than expansive square footage. The lot size of 2,501 sqft is modest, especially compared to larger lots common in other parts of the city, which points to a property focused more on the home itself and less on extensive outdoor space.
This property would ideally suit first-time buyers or downsizers seeking a modern, turn-key home in a convenient location without the upkeep concerns of a century-old property. It also appeals to value-conscious buyers who recognize the premium for a newer build in a historic neighbourhood, offering a balance between modern amenities and established community roots.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $350,000 and $400,000 in January 2024, which aligns closely with its $398,000 assessed value. This indicates the assessment is current and the sale was likely near market value.
2. Is the lot size a disadvantage?
While the lot is smaller than the Winnipeg average, it is quite typical for Morley Avenue and the Riverview area. This can be an advantage for those seeking lower outdoor maintenance. The trade-off is less private yard space, which is a common characteristic of infill properties in established neighbourhoods.
3. What does its "elite" ranking for year built in Riverview mean?
It means this home is significantly newer than almost all homes in the Riverview area, where the average home was built in 1938. This is a major benefit, typically implying newer roofing, wiring, plumbing, windows, and insulation, potentially leading to lower repair costs and better energy efficiency.
4. Why is the assessed value so much higher than the street average?
The assessed value reflects the property’s modern build (2009) compared to the street's average home from 1927. This valuation captures the premium for a home that requires fewer immediate updates and major renovations than its older neighbours.
5. Who provides the exact sold price data?
The exact sold price is not publicly displayed due to industry regulations. The website offers to provide the verified figure via email upon request, as the data is manually sourced from public records and not from the MLS system.