Property Overview: 55 Morningmead Walk, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft home, built in 1973 on a 5,548 sqft lot in River East, presents a solid, established property in a neighborhood of similar homes. Its primary appeal lies in its strong standing within its immediate community. The living area is above average for Morningmead Walk, and its assessed value of $397k ranks well above the street average, suggesting it is a comparatively premium offering on this specific block. This creates an interesting dynamic: while the home is a standout on its own street, it sits around the average mark for the wider neighborhood and city in terms of size and value.
The property would suit practical buyers looking for a well-positioned home in a mature area without the premium of a newer subdivision. It’s a fit for those who value a stable streetscape where homes are of a similar era and scale. A thoughtful perspective is that this home may offer less competition from new construction but could also mean renovations and systems are of a similar age. Its appeal is one of relative quality and consistency on its street, rather than standout features against the entire city.
Frequently Asked Questions
How does this home compare to others on the street?
It ranks above average for both living area and assessed value on Morningmead Walk, indicating it is likely one of the more substantial and higher-valued homes on the block.
What is the recent sales history?
The home sold previously in December 2017 for a price between $300,000 and $350,000. Exact sale figures require a manual lookup request through the site.
Is the lot size typical for the area?
The lot is slightly below the average size for the broader River East neighborhood but is generally in line with the average for the street and the city overall.
How does the assessed value impact potential property taxes?
While the assessed value is used in tax calculation, property taxes are determined by the municipal mill rate. A value above the street average suggests taxes may be proportionally higher than some immediate neighbors.
Where can I see more detailed comparisons?
The site offers a neighbourhood analysis page to view this property on a map and compare it directly to nearby homes by year built, size, value, and lot size.