Property Overview: 58 Morton Bay, River West Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,193 sqft bungalow, built in 1974, presents a practical opportunity in Winnipeg's River West Park neighborhood. Its key appeal lies in its solid city-wide value positioning—the home sits around the Winnipeg average for both size and assessed value ($380k), suggesting a competitively priced entry point into the market. The lot size, while below the spacious neighborhood average, is still generous by city standards.
The home’s standout characteristic is its age relative to its immediate street; it ranks in the top 2% on Morton Bay for year built, indicating it is one of the newest homes on the block. This can be a subtle advantage, potentially meaning fewer immediate major updates compared to older peers.
This property would suit first-time buyers or downsizers seeking a manageable footprint without a premium neighborhood price tag. It’s for the value-conscious buyer who prioritizes a solid foundation in a mature area over a larger or more recently renovated home. The data suggests you’re paying for a well-located, average-sized home, not for excess land or luxury finishes common in the broader neighborhood.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The assessed value is below the street average, which could indicate better value, but it’s essential to understand why. Factors could include the home’s condition, specific upgrades, or its exact lot characteristics.
2. Why is the assessed value below the neighborhood average?
River West Park has a high average assessed value ($485.6k). This home’s lower value is likely due to its more modest size and potentially standard finish level compared to the many larger, more valuable homes that pull the neighborhood average up.
3. What does the "elite" ranking for year built on the street mean?
It simply means 58 Morton Bay is one of the newest homes on its specific block. On a street where the average home was built in 1974, this one was also built in 1974 but is newer than most of its direct neighbors. It doesn’t imply the home is new, just relatively newer on that street.
4. How reliable is the sold price history shown here?
The site notes that its transaction history is based on public data, not the MLS, and may be incomplete. For fully verified sales history and exact figures, you must request a manual lookup via email from the provider.
5. The living area is below the neighborhood average. How will this affect resale?
In a neighborhood with larger homes, a more modestly sized property can appeal to a specific segment of the market, as it does now. It may appreciate in line with city averages rather than neighborhood highs, but its lower entry price could offer a stable investment with potentially broader appeal to future budget-minded buyers.