Property Overview
32 Morley Avenue is a 760 sqft home in Winnipeg’s Riverview neighborhood, built in 1956 on a 3,001 sqft lot with a current assessed value of $307,000. Its profile is one of contrasts: it’s a smaller, modern home relative to its historic surroundings, offering a distinct value proposition.
Key Characteristics, Appeal & Ideal Buyer
This home stands out on Morley Avenue primarily for its era and efficient layout. Built in 1956, it is significantly newer than most homes on its street (average year built: 1927) and in Riverview overall, suggesting potentially fewer concerns with aging infrastructure common to century-old houses. While its living space is compact at 760 sqft—placing it below area averages—its assessed value is above the street average, indicating a premium for its lot and modern build relative to immediate neighbors.
The appeal lies in this balance. It suits a buyer seeking the established, tree-lined character of Riverview but preferring a mid-century home that may require less immediate updating than its older counterparts. The lot size is also above average for the street, offering valuable outdoor space in a mature neighborhood. It would particularly suit a first-time buyer, downsizer, or investor looking for a lower-maintenance property in a central location, who values a newer structure over square footage.
A less obvious perspective is its positional value. Being a newer home on a street of much older properties could mean it’s physically surrounded by larger, more valuable homes, offering a desirable setting. However, its smaller size means its value is more closely tied to its land and location than its interior space.
Frequently Asked Questions
1. Is the assessed value of $307k a fair indicator of its market price?
It’s a useful benchmark. The assessment is above the street average but below the Riverview neighborhood average, reflecting its smaller size but newer condition. Market price will depend on current conditions, but this suggests it’s a higher-value property on its specific block.
2. How does the 1956 build year affect maintenance compared to neighboring homes?
Positively. With most area homes built in the 1910s-1930s, this 1956 build likely has more modern wiring, plumbing, and foundation standards. This could mean lower near-term renovation costs and different maintenance priorities than a century-old home.
3. The home is smaller than average. How does that impact living and resale?
The compact 760 sqft layout promotes efficient, low-maintenance living but may not suit those needing multiple bedrooms or dedicated workspaces. For resale, it attracts a specific segment (like singles, couples, or downsizers), which can be stable in sought-after neighborhoods like Riverview.
4. What does the lot size tell us?
At 3,001 sqft, the lot is larger than the street average. In a mature neighborhood where land is scarce, this is a tangible asset, offering more private outdoor space than many nearby properties and contributing significantly to the assessed value.
5. Can I find out the exact past sale price?
The site provides a sold price range ($250k-$300k) from 2017. For precise historical figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.