Property Overview & Key Characteristics
This home at 378 Morley Avenue in Lord Roberts presents a specific and compelling proposition. Its key appeal lies in the balance between a modest, historic house and a generous, above-average lot size for its immediate area. Built in 1939, the 776 sqft dwelling is smaller than most comparable homes locally and city-wide, suggesting a cozy, manageable footprint. However, its 3,003 sqft land parcel ranks in the top 14% on its street, offering valuable outdoor space and potential in a mature neighbourhood.
The property suits a pragmatic buyer. It’s ideal for a first-time homeowner, an investor, or a downsizer who prioritizes land value and location over immediate living space. The assessed value is steady and average for the area, indicating a stable entry point into the market. The appeal here is less about the existing structure and more about the underlying asset—a larger-than-typical lot in an established community—which could be enjoyed as-is or viewed as a long-term opportunity.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (1939), buyers should anticipate characteristics and maintenance needs typical of a home from that era. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation.
2. How does the smaller living area impact value?
While the living space is below average, the property’s value is supported by its proportionally larger lot. This dynamic often attracts buyers who value outdoor space or future potential over current square footage.
3. What is the neighbourhood like?
Lord Roberts is a mature, central Winnipeg neighbourhood. The listing shows nearby properties with a mix of ages and sizes, suggesting an area with character and gradual renewal.
4. Why is the assessed value so much lower than the city-wide average?
The city-wide average includes newer, larger homes in suburban areas. This assessment is more reflective of older, compact homes on smaller lots in established neighbourhoods, making it a more affordable entry point.
5. Can I find out what this property previously sold for?
The sold price history is not publicly displayed. You can request the exact historical sale data via the email service provided, which manually supplies this information.