Property Overview: 380 Moray Street
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg's Booth neighbourhood presents a solid, grounded opportunity. Its primary appeal lies in a combination of generous outdoor space and a recently renovated basement, offering immediate livability and room to grow. With a land area of over 7,600 sqft, the lot is notably larger than most in the city (ranking in the top 13% for Winnipeg), providing rare potential for gardening, expansion, or simply enjoying private outdoor space—a feature that becomes more valuable over time.
The home suits two main types of buyers: first, practical downsizers or young families seeking a single-level layout without a major renovation project, thanks to the updated basement. Second, it appeals to value-conscious buyers who prioritize land size and future potential over a brand-new build. The property’s metrics—like its above-average lot size and middle-of-the-road assessed value for the area—suggest it’s a stable, established holding in a mature neighbourhood. A thoughtful perspective is that while the home itself is of average size for the street, the significant lot size offers a "blank canvas" equity that newer subdivisions often lack. Its 1960 build date means it likely has classic, sturdy construction, but buyers should be prepared for the updates that come with a home of this era.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" typically include?
While the listing confirms the basement is renovated, specifics on finish quality, permits, and moisture control should be verified through a viewing and inspection. This is a key feature that adds liveable square footage.
2. How does the large lot size impact costs?
A nearly 7,700 sqft lot offers great potential but also means higher property taxes relative to smaller lots and potentially more maintenance (lawn care, snow clearing). It’s an asset that comes with ongoing responsibilities.
3. The home sold in July 2023; why is it back on the market?
The quick resale warrants asking about the seller’s motivation and what, if any, changes have been made in the last year. It’s not inherently negative but is a standard point of due diligence.
4. Is the detached garage heated or insulated?
This detail significantly affects its year-round usability as a workshop or project space, a common consideration with detached garages in Winnipeg.
5. How does the neighbourhood ranking translate to daily life?
Rankings in the "top 66%" for the neighbourhood suggest it's a typical, well-established part of Booth. It indicates stability rather than premium prestige, which often translates to a quiet, community-focused area with fewer extremes.