Property Overview: 83 Morton Bay, River West Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974 bungalow at 83 Morton Bay presents a practical and value-conscious opportunity in Winnipeg's River West Park neighborhood. With 1,075 sqft of living space and an assessed value of $392k, it sits comfortably around the citywide average for similar homes. Its primary appeal lies in its efficient scale and relative affordability within a mature, established area.
The home’s characteristics suggest it is well-suited for first-time buyers, downsizers, or investors seeking a manageable property without a premium price tag. While its living space is below the neighborhood average, it offers a generous, above-average citywide lot size of over 6,200 sqft, providing valuable outdoor space and future potential. A thoughtful perspective is that this property represents a "right-sized" option—it avoids the higher taxes and maintenance of the larger homes prevalent in River West Park, while still granting access to the area. Notably, it is the newest home on its street, which may imply fewer immediate concerns with foundational or major system aging compared to its direct neighbors.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is below the average for the River West Park neighborhood but aligns closely with the Winnipeg citywide average. This indicates you are paying less for the location than for many area homes, potentially offering good value if you prioritize the neighborhood over sheer house size.
2. Is the living space too small?
At 1,075 sqft, the living area is below the neighborhood average. It would best suit individuals, couples, or small families. The trade-off is a larger-than-average lot for the city, which expands your usable space outdoors.
3. What does it mean that it’s the newest home on the street?
Built in 1974, this home is the newest among its 42 direct neighbors on Morton Bay. While all homes on the street are from a similar era, this slight edge could suggest potentially updated components or systems at some point in its history, which is worth investigating.
4. What was the recent sale history?
Records indicate a sale between $350,000 and $400,000 in September 2021. For verified, exact sale figures, you can request a manual lookup via the website’s provided service.
5. Are the property taxes likely to be high?
Given that the assessed value is notably below the neighborhood average, property taxes should be proportionally lower than for larger, higher-valued homes in River West Park, which is a key financial consideration.