Property Overview: 84 Morley Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic, compact character property built in 1907, offering a distinct value proposition in the Riverview neighborhood. Its primary appeal lies in its affordability and location, presenting an opportunity well below typical area prices. With a living area of 772 sq ft and an assessed value of $226k, it ranks significantly below neighborhood and city averages for size and value, but is more aligned with the average for its specific street.
This property would suit a specific buyer: first-time purchasers or investors seeking an entry point into a established neighborhood without a premium price tag. Its smaller scale also appeals to those looking to minimize upkeep, utility costs, and clutter. A thoughtful perspective is that this home represents the "original" footprint of the area—a chance to own a piece of the neighborhood's history and potentially renovate to modern needs without the burden of excessive square footage. The lot size, while modest for Riverview, is typical for the street and may offer manageable outdoor space for a low-maintenance garden or patio.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper"?
While the year built (1907) suggests potential for updates, the assessed value is consistent with other similar-sized, older homes on the street. A professional inspection is essential to determine the condition and any needed major repairs.
2. Why is the assessed value so much lower than the Riverview average?
The assessed value reflects this specific home's smaller size and older age compared to the broader neighborhood, which includes many larger, newer, and more extensively renovated properties. It is priced for its particular attributes, not the area's peak values.
3. How accurate is the sold price data shown?
The site provides a sold price range based on public data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site administrators via email.
4. What are the real costs of owning an older, smaller home?
Potential benefits include lower property taxes (tied to assessed value) and heating/cooling costs due to the size. Considerations include the potential for older-home maintenance (e.g., plumbing, wiring) and whether the layout meets modern living needs.
5. How does the lot size impact future potential?
At 2,501 sq ft, the lot is typical for Morley Avenue but smaller than many in Riverview. This likely limits potential for large additions but may be sufficient for a deck, shed, or landscaping. It's important to verify zoning bylaws for any expansion plans.