Property Overview: 476 Morley Avenue, Winnipeg
Key Characteristics & Appeal
This home at 476 Morley Avenue in Lord Roberts presents a practical opportunity in Winnipeg’s market. Built in 1958, it is notably newer than most homes on its street and in the immediate neighbourhood, which may suggest fewer concerns related to the age of core components compared to its peers. The living space (988 sq ft) and assessed value are both positioned around the average for the local area, indicating a fairly standard offering for Lord Roberts.
Its primary appeal lies in its efficient scale and its above-average lot size for Morley Avenue (2,804 sq ft), offering more outdoor space than many nearby properties. This combination suits first-time homebuyers or downsizers looking for a manageable home with a decent yard in an established neighbourhood. It also appeals to value-oriented buyers focused on the Lord Roberts area itself, as the metrics show you are acquiring an asset that is competitive within this specific, sought-after context, even if its size and value are below the wider city average. A thoughtful perspective is that this property represents a "neighbourhood play"—its value is anchored by its location within a mature community, making it a stable, if unflashy, investment.
Frequently Asked Questions
1. How does this home’s 1958 build date compare to others nearby?
It is significantly newer than the average home on Morley Avenue (where the average build year is 1927) and in the broader Lord Roberts area (average 1933). This can be a distinct advantage regarding the potential age of major systems.
2. Is the lot size a pro or a con?
It’s a relative strength on its own street, where it ranks in the top 16% for land area. However, compared to the entire city, the lot is below average. This highlights the dense, established nature of the neighbourhood.
3. What does the assessed value tell me about the price?
The assessed value ($24,900) is around the neighbourhood average. It’s important to note that assessed value for tax purposes is not market value, but it indicates the home is not an outlier in terms of municipal valuation within Lord Roberts.
4. Who would this property suit best?
It’s well-suited for buyers prioritizing location in the Lord Roberts area over sheer size. The efficient layout and yard space are ideal for first-time buyers, small families, or those looking to downsize without leaving a mature community.
5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the exact sale prices from 2017 and 2020, you can request them via email from the site. They provide this information manually and state they will not use your email for unsolicited marketing.