Property Overview: 143 Morier Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Glenwood is a classic Winnipeg character property, built in 1914. With 1,081 sqft of living space, it offers a comfortably sized layout that is very typical for its immediate street and neighborhood. Its primary appeal lies in its position as an accessible entry point into the market. The assessed value is notably modest compared to city-wide averages, suggesting a lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes.
The home suits practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a property that may require updates, as the basement is noted as unrenovated. It would also appeal to an investor looking for a straightforward rental property in a well-established area. A less obvious perspective is its potential for those interested in the history and gradual restoration of early 20th-century homes, offering a chance to add value over time. The smaller land size (2,584 sqft) means less yard maintenance, which could be a positive for those seeking a simpler footprint.
Section 2: Frequently Asked Questions
1. What is the actual recent sold price?
The available public data shows a sale in September 2021 for an estimated range of $29.5k to $32.5k. For the precise sale price, you can request the exact history via email from the listing source.
2. How does the assessed value relate to market value?
The assessed value for taxation purposes is $25.7k, which is below average for Glenwood and Winnipeg. It's important to note that this is not a market appraisal; a home's sale price is determined by current market conditions and can differ significantly.
3. What does "below average" for Year Built mean?
Built in 1914, this home is older than most in its comparison groups. This typically indicates classic construction and character but also suggests that major systems (like plumbing, electrical, or the foundation) may need inspection and potential updating.
4. Is the smaller land area a disadvantage?
While the lot is smaller than many in the city, it is relatively more common on Morier Avenue itself. This can be an advantage for buyers who prefer less outdoor maintenance. The trade-off is less space for expansions, large decks, or extensive landscaping.
5. Who would this property not suit?
It may not be the best fit for buyers seeking a modern, move-in-ready home with no projects, as the basement is unrenovated. It's also less suitable for those requiring ample indoor space, multiple garage parking, or a large private yard.