Property Overview: 29 Moore Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is defined by its position as a modest, entry-level property in Winnipeg's Norberry neighborhood. Its key characteristic is its significantly below-average assessed value of $194k, which ranks it at the very bottom of its street and in the lower tiers for the area and city. The living space (745 sq ft) and lot size (2,722 sq ft) are also compact, consistently ranking below local averages. Built in 1924, it is notably older than most surrounding homes.
The primary appeal lies in its accessibility. It represents one of the most affordable homeownership opportunities in the market, with a last sold price indicated between $150k-$200k in mid-2022. This low barrier to entry suits first-time buyers or investors seeking a straightforward rental property with minimal initial capital. Its smaller scale also translates to lower property taxes and potentially manageable upkeep costs. A thoughtful perspective is that this property offers a foothold in the market with the potential for value addition; updates and modernizations to a well-located, century-old home could be a strategic long-term investment. It may also appeal to those seeking a minimalist lifestyle without the burden of maintaining a larger house and yard.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value reflects the property's specific attributes—its smaller size, older age, and more compact lot—compared to the larger, newer, or more renovated homes typically found on Moore Avenue and in Norberry.
2. What does the "sold price range" mean, and how can I get the exact figure?
The site shows a historical sold price range (e.g., CA$150k–200k) based on public data. To obtain the verified, exact sale price, you must request a manual lookup via email from the service, as they do not display MLS records directly.
3. Is the small lot size a major disadvantage?
It depends on your priorities. The yard requires less maintenance, which can be a benefit. However, it offers limited space for expansions, large gardens, or extensive outdoor recreation compared to neighboring properties.
4. As a 100-year-old home, what should I be concerned about?
While the age indicates character, it typically warrants a particularly thorough inspection. Potential buyers should budget for and investigate updates to major systems like plumbing, electrical, and the foundation, as well as the roof and insulation, which may not meet modern standards.
5. How reliable is the comparative ranking data provided?
The rankings offer a helpful, data-driven snapshot of how this property compares to peers on specific metrics. However, they are broad comparisons and do not account for the interior condition, specific renovations, or unique features that also determine a home's value and livability. They are best used as a starting point for evaluation.