Property Overview & Key Characteristics
This home at 364 Morley Avenue in Winnipeg's Lord Roberts neighbourhood presents a classic, established character paired with strong fundamentals for its area. Built in 1914, it offers 1,168 sqft of living space on a 2,892 sqft lot. The appeal lies in its above-average positioning within its immediate locale: it ranks in the top 30% or better on Morley Avenue for living space, assessed value, and lot size. This suggests a property that is both substantial and well-regarded within its specific streetscape, offering more space and value than many of its direct neighbours. While its age places it below the city-wide average for newer homes, it is typical or slightly newer than many homes in the broader Lord Roberts area.
The property would suit a buyer who appreciates character homes and seeks a solid footprint in a mature neighbourhood. It’s ideal for someone who values a home that stands out positively on its own block in terms of size and assessment, rather than comparing it to newer suburban developments. The data indicates it may appeal to a pragmatic buyer looking for a home with established roots and a history of value retention, as evidenced by its last sale in the 2017 $250k-$300k range.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it consistently outperforms the average home on its own street (Morley Avenue) in key metrics like living area, assessed value, and lot size. It’s a larger, more valuable property within its immediate context, though it aligns more closely with averages for the wider Lord Roberts neighbourhood.
2. What does the assessed value indicate?
At $34.50k, the assessed value is in the top 14% on Morley Avenue and top 19% in Lord Roberts, suggesting the municipal assessment views it favorably compared to many nearby properties. This often correlates with market value, but is not a direct sale price.
3. Is the 1914 build date a concern?
While older than the city-wide average, the home is actually slightly newer than the average build year on its own street and typical for Lord Roberts. This age is common for the area’s character, but a thorough inspection is always recommended to understand the condition and any updates.
4. How does the lot size impact potential?
At just under 2,900 sqft, the lot is above average for the street but below the city-wide average. This offers a good outdoor space for the neighbourhood, but may not allow for extensive expansions without checking zoning bylaws.
5. Where can I see more detailed context for this property?
You can open the neighbourhood analysis page to view this home on a map alongside nearby houses, comparing year built, living area, assessed value, and lot size in a visual format. For the exact historical sold price, you can request it via email from the listing service.