Property Overview: 384 Morley Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This is a classic, compact character home built in 1914, situated on a standard city lot in the established Lord Roberts neighbourhood. Its primary appeal lies in its position as an accessible entry point into a mature, central community. With 720 sqft of living space and an assessed value significantly below area averages, it presents a clear opportunity for first-time homebuyers, downsizers, or investors seeking a lower-cost footprint in Winnipeg.
The home’s character comes with practical trade-offs. Its living area is notably smaller than most comparable homes on its street, in the neighbourhood, and across the city, ranking in the bottom 15% locally. This suggests a cozy, efficient layout that would suit a minimalist lifestyle or serve as a strategic starter home. While the lot size is typical for the area, the assessed value is well below peers, which can indicate a more manageable property tax burden but also often reflects the home’s size, condition, and renovation needs relative to others. A thoughtful perspective for a buyer is to see this not just as a small house, but as a chance to secure land and location in a long-established area, with the home itself offering potential for personalization over time.
Frequently Asked Questions
1. What does the "below average" ranking for Living Area and Assessed Value actually mean?
It means that compared to most similar residential properties on Morley Avenue, in Lord Roberts, and across Winnipeg, this home has less interior square footage and a lower municipal assessed value. This typically translates to a lower purchase price and property taxes, but also indicates a more compact living space.
2. The home was built in 1914. What should I consider?
While charming, a 110-year-old home will likely have older building systems (like plumbing, wiring, and heating) and require diligent maintenance. Its above-average age rank on its street means it’s one of the older homes in the immediate vicinity, so a thorough inspection is essential to understand any needed updates or repairs.
3. How useful are the provided "Nearby" and "Similar Value" property comparisons?
They offer helpful context. The nearby properties (all on the same block) show you the immediate neighbourhood fabric. The "Similar Assessed Value" listings, however, are city-wide and include many condominiums, highlighting that this house offers a detached living experience at a price point often comparable to apartments.
4. The sold price history shows a range of CA$100k–150k in 2017. Why is the exact price not listed?
The site uses broad ranges from public data. To obtain the precise historical sale price, you must request it via email from the service. This is a manual process they use to verify accuracy.
5. Who would this property suit best?
It’s ideally suited for a budget-conscious first-time buyer ready for a character home, an investor looking for a rental property in a central location, or a downsizer seeking a manageable, low-tax footprint. It is less suitable for those needing ample space or a move-in-ready home without any projects.