Property Overview & Appeal
This home at 366 Morley Avenue in Lord Roberts is a character property with strong fundamentals for its immediate area. Built in 1914, it offers 1,168 sqft of living space on a notably generous 3,470 sqft lot for the street. Its appeal lies in its above-average lot size and living area compared to neighbouring homes, suggesting more outdoor space and room than is typical for Morley Avenue. The assessed value is consistent with the local area, indicating it is priced in line with the neighbourhood market.
This property would suit a buyer looking for a character home in a central neighbourhood who values a larger lot for gardening, expansion potential, or simply more private outdoor space. It’s a practical choice for someone comfortable with the upkeep of an older home but seeking better-than-average proportions within an established community.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for both living area and lot size on Morley Avenue. Specifically, its lot size is in the top 11% on the street, meaning it has more land than most of its direct neighbours.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($26,500) is around the neighbourhood average. It is a municipal valuation for tax purposes and often differs from market value. Recent nearby sales and current market conditions are more direct indicators of likely selling price.
3. What should I consider with a 1914 build?
While the home has enduring character, its age means potential buyers should budget for updates to older mechanical systems, windows, or insulation. A thorough inspection is essential to understand the condition and any needed investments.
4. How does it compare to the wider Winnipeg market?
City-wide, this home’s lot and living space are below the average, and its assessed value is significantly lower than the city average. This highlights Lord Roberts as a more affordable, central neighbourhood where you get less house than in newer suburbs, but potentially more land than nearby lots.
5. Can I find out the exact historical sale price?
The listing indicates the sold price for a 2019 transaction is listed as a range. The exact sale price is available by request from the listing service, which they provide manually via email.