Property Summary: 416 Moray Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established two-storey home in the Booth neighbourhood sits on a notably large lot of over 7,800 square feet, a rarity that offers significant space and potential. Built in 1961, the home features a renovated basement and a detached garage. Its primary appeal lies in its generous proportions, both in land and living space (1,704 sqft), which rank it in the top tier for size within its immediate area. The property suits buyers looking for a solid, spacious canvas in a mature neighbourhood—whether that’s a family valuing outdoor space, an investor seeing long-term land value, or a homeowner planning gradual updates to a structurally sound property. Its strong assessed value ranking suggests it is viewed as a substantial asset relative to its surroundings, offering a blend of immediate livability and future opportunity.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean for a buyer?
The percentile rankings show how this property compares to others on its street, in the neighbourhood, and across Winnipeg. For example, being in the "top 88%" for land area means only 12% of lots on Moray Street are larger. This quantifies its relative strengths, like its above-average lot and living space, at a glance.
2. The home was last sold in 2017. How might that impact an offer?
The 2017 sale price provides a historical benchmark, but market conditions have likely shifted. The current assessed value is significantly lower than that last sale price, which may influence negotiation or municipal tax calculations, but a professional appraisal would be needed to determine present market value.
3. The lot is large, but what are the responsibilities or costs associated?
A lot of this size offers great potential for gardens, play space, or additions, but also entails higher maintenance (like lawn care or snow clearing) and potentially higher landscaping costs compared to standard city lots.
4. The basement is noted as renovated. What isn't specified?
While "renovated" is positive, details on the scope, quality, permits, and the basement's current use (e.g., legal suite, recreation room, storage) are not provided and would be key questions for the listing agent or during a viewing.
5. How does the detached garage affect daily use, especially in winter?
A detached garage provides flexible space but means navigating outdoors to access your vehicle year-round. For some, this is a minor trade-off for extra storage or workshop space; for others, it's a consideration for harsh Winnipeg winters.