Property Overview
132 Morier Avenue is a modern, two-storey home built in 2024, presenting a turn-key opportunity in Winnipeg's Glenwood neighborhood. Its primary appeal lies in the combination of new construction and a recently renovated basement, offering move-in-ready comfort with modern finishes. The home stands out statistically within its context: its living space (1,556 sq ft) and assessed value ($560k) rank in the top 10% for both its street and the broader Glenwood area. This indicates a premium property relative to its immediate peers, many of which are much older, with average build years in the mid-20th century.
The trade-off for this modern interior is a smaller land footprint (2,536 sq ft), which is below average for the area. This positions the property as a low-maintenance option, suited for buyers who prioritize interior space and new systems over extensive outdoor space. It would ideally suit professionals, small families, or downsizers seeking a contemporary home without the wait or uncertainties of a new build, and who value a home that is statistically a high performer in its category for size and value.
Frequently Asked Questions
1. How does the property’s value compare to nearby homes?
The home’s assessed value of $560k ranks in the top 3% in Glenwood and top 7% on Morier Avenue itself, signaling it is considered a premium offering compared to most neighbors. This is largely driven by its new construction and above-average living area.
2. What should I know about the lot size?
The land area is 2,536 sq ft, which is notably smaller than the typical lot in Glenwood. This means lower yard maintenance but less private outdoor space. It’s a practical trade-off for the modern, spacious interior.
3. Is the home truly "new"?
Yes, it was built in 2024. The data shows it is among the newest homes in the entire city, ranking in the top 1% citywide for year built. The basement has also been renovated, adding to its move-in-ready condition.
4. What does the sold price history indicate?
Public records show it sold in October 2024 for between $565k and $595k. This recent sale, close to its current assessed value, provides a solid benchmark for its market price in the current cycle.
5. Who would this property not suit?
Buyers seeking a large yard, extensive garden space, or a traditional character home on a mature lot may find the compact land size and modern build at odds with their preferences. It’s best for those who value interior condition and modern amenities over land.