Property Summary: 322 Moray Street
Key Characteristics & Appeal
This 2009-built, one-storey home in Winnipeg's Silver Heights neighbourhood offers a modern foundation within a mature community. Its key appeal lies in the balance of a newer, low-maintenance structure (built just 17 years ago, ranking in the top 1% for newness on its street) on a generously sized 6,159 sqft lot. The home features a renovated basement, adding valuable finished living space to the 1,026 sqft main floor.
The property suits first-time buyers or downsizers seeking a modern, single-level layout without the concerns of an older home's major systems. Its strong rankings for lot size and building age on its street suggest it's a standout property in its immediate area, offering more space and newer construction than most neighbours. A thoughtful perspective is its potential as a "blank slate" on a large lot; the newer build provides a solid, efficient shell, while the expansive yard allows for future outdoor living projects or gardening, something often limited on newer infill lots. The 2016 sale price was significantly below the current assessed value, indicating substantial equity growth, which may appeal to value-conscious buyers.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,026 sqft, the main living area is above average for Winnipeg overall but is actually among the smaller footprints (top 2%) on Moray Street itself. This suggests the street may have larger, older homes, making this property a more manageable size.
2. What does the assessed value tell me about the property?
The current assessed value of $35.50k is in the middle range for the street, neighbourhood, and city. This indicates the property is not over-assessed relative to its area, providing a stable tax base.
3. The lot is large, but how does it rank?
The 6,159 sqft lot is a significant feature, ranking in the top 12% on Moray Street. This means it's notably larger than most direct neighbours, offering more private outdoor space.
4. The home sold for $29.90k in 2016. Is that relevant?
Yes, it shows a history of strong value appreciation. The $5,600 increase in assessed value since the last sale eight years ago demonstrates steady growth.
5. Are there any obvious drawbacks based on the data?
The home has no garage, which is common for many older neighbourhoods but is a consideration for parking and storage. The living area, while sufficient, is compact relative to the large lot size, so the interior space is efficient rather than expansive.