Property Overview: 57 Morley Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This 2012-built home in Riverview stands out for its modern construction and generous living space within a historic neighborhood. Its primary appeal lies in offering a contemporary, low-maintenance lifestyle without sacrificing the established charm and convenience of the area.
The home’s key characteristic is its significant size advantage. With 1,814 sqft of living area, it ranks in the top 2% on its own street and well above averages for both Riverview and Winnipeg overall. This is paired with an elite assessed value, placing it in the top 1% of Morley Avenue, indicating a premium property relative to its immediate surroundings. The 2012 build year is a major asset, making it notably newer than most local homes and likely reducing immediate repair concerns.
However, the perspective shifts when considering the land. The lot is modest, ranking below average for the neighborhood and city. This suggests the value is driven almost entirely by the modern, sizable house itself, not by expansive outdoor space. It perfectly suits buyers seeking a turnkey, spacious interior in a mature neighborhood, who prioritize a modern home over a large yard. It would also appeal to those looking for a property that statistically outperforms its peers in terms of value and living area on a direct, street-by-street comparison.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for an estimated $550k-$600k in late 2024. This is notably below its $577k assessed value, which is a positive indicator that the city’s assessment is grounded and may not represent an inflated tax burden relative to recent market activity.
2. Is the property typical for the Riverview neighborhood?
Not entirely. While it shares the neighborhood’s appeal, it is atypical in its newness (2012 vs. an area average from 1938) and its above-average living space. The lot size, however, is significantly smaller than the Riverview norm.
3. What does the "elite" street ranking mean for future value?
Ranking in the top 1-2% for value and size on Morley Avenue sets a high benchmark. It suggests limited direct competition on the same block, but also that the property may be more sensitive to overall market trends than to hyper-local price increases, as it's already a peak performer on the street.
4. Why is there a range for the sold price and how can I see the exact figure?
Due to data sourcing rules, the exact price is not publicly displayed on this site. The provided range is a reliable estimate. You can request the precise sold price via email from the service for verification.
5. How does the modest lot size impact the property?
The smaller lot (2,501 sqft) means lower exterior maintenance, which aligns with a modern, low-maintenance home. It implies outdoor living space is limited compared to many area homes, so the focus and value are squarely on the interior living experience.