Property Overview: 344 Morley Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This 1912 home in Lord Roberts presents a distinct profile defined by its value proposition and lot size. Its key characteristic is a notably low municipal assessed value, which ranks in the bottom tier compared to homes on its street, in the neighbourhood, and across Winnipeg. This suggests a potentially lower property tax burden and indicates a home that is likely a candidate for modernization. The 884 sqft living area is modest and below average for the city, but the 2,509 sqft lot is above average for Morley Avenue, offering valuable outdoor space in a central neighbourhood.
The appeal lies in its role as an entry point into a well-established neighbourhood. It suits a specific type of buyer: the hands-on renovator or investor looking for a property with a low entry cost where the value can be added through updates. It’s also a practical option for a buyer seeking to minimize ongoing property taxes. A less obvious perspective is that the very low assessment, combined with a solid lot size, creates a clear financial "baseline" from which any improvements will directly increase equity, as the starting point is so defined.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is typically based on market value and physical condition. A ranking in the bottom 3% on the street strongly suggests the municipal assessment reflects a home in need of significant updates, systems upgrades, or repairs compared to its neighbours.
2. What does the lot size ranking mean for me?
While the lot is below the city average, it ranks in the top 18% on Morley Avenue. This means for this specific block, the property offers more usable outdoor space than most, which is a relative advantage for gardening, expansion, or outdoor living in this location.
3. Is the sold price history reliable?
The listed sold price is a public data range. For the exact historical sale price, you must request it directly via the provided email service. This step ensures accuracy, as some public records are estimated ranges.
4. Who would this home not be suitable for?
It is likely not a match for buyers seeking a move-in-ready property without renovation plans. Given its age and assessment, it may require immediate investment in maintenance, infrastructure, or modernization.
5. How should I interpret the "below average" city-wide rankings?
This context is important for understanding the property's place in the broader market. For example, the living area is smaller than most Winnipeg homes, and the lot is smaller than typical suburban lots. This highlights that the property's primary value is in its location, lot size for the area, and renovation potential, not in its current size or condition relative to the entire city.