Property Overview: 76 Morley Avenue, Riverview, Winnipeg
Key Characteristics & Buyer Profile
This home is a classic, compact character property built in 1912, offering a practical entry point into the established Riverview neighborhood. With 804 square feet of living space and a 2,501 sqft lot, its scale is modest, ranking below area and city averages for size. This very characteristic defines its core appeal: it’s a manageable, lower-maintenance home in a desirable location, reflected in its assessed value of $271k, which sits comfortably below the neighborhood average.
The appeal lies in its value proposition within a sought-after community. It suits first-time buyers seeking affordability in a mature area, downsizers looking to rightsize without leaving a prime neighborhood, or investors interested in a character rental. A thoughtful perspective is that its smaller footprint and lot, while not expansive, translate to lower utility costs, less upkeep, and a cozier, efficient layout—benefits for those prioritizing location and simplicity over square footage. Recent sale activity (2022, 2024) shows steady demand for homes in this price and size range on the street.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value is very close to the street average, suggesting it is priced in line with its immediate neighbors. However, it sits significantly below the broader Riverview and Winnipeg averages, indicating a relative value opportunity within the larger market.
2. Is the living space unusually small for the area?
At 804 sqft, it is smaller than both the Riverview and city averages. However, on Morley Avenue itself, a range of home sizes exists. It represents a more compact, efficient option among the street's mix of character homes.
3. What might the sale history indicate?
The property has changed hands several times in recent years (2016, 2022, 2024). This can signal a home that serves as a successful "starter" or "stepping-stone" property, meeting a consistent market need for affordable entry into the neighborhood.
4. Are there potential concerns with a 1912 build?
As with any century-old home, prospective buyers should budget for and investigate potential updates to major systems like wiring, plumbing, and insulation. The character comes with a responsibility for diligent maintenance.
5. How can I get the exact past sold prices?
The site provides sold price ranges. Due to industry rules, exact MLS sold figures are not displayed publicly. You can request the exact transaction history via email through the site’s provided form for a manual lookup.