Property Overview: 65 Morley Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This home stands out in its Riverview neighborhood for its modern build and generous living space. Built in 2006, it is a notably newer construction in an area dominated by century-old homes, ranking in the top 3% of the neighborhood for its year built. With 1,625 sqft of living area, it offers significantly more interior space than most homes on its street (top 3%) and in Riverview overall (top 20%). This combination of newer systems and ample room is reflected in its assessed value of $500k, which is elite for the street (top 5%) and above average for the area.
The appeal lies in acquiring a modern, low-maintenance home within a well-established community, without sacrificing space. The lot size, while average for Morley Avenue, is smaller than typical Winnipeg properties, suggesting a focus on the home itself rather than extensive yard upkeep.
This property would ideally suit buyers seeking a turn-key, spacious home who value newer construction and modern efficiencies, but still want the character and location of a mature neighborhood like Riverview. It’s a practical choice for those who prefer spending time indoors rather than on large-scale garden maintenance.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $500k is for municipal tax purposes and serves as a useful benchmark. Notably, it is nearly double the street average, underscoring the property's standout attributes. The final sale price will be determined by current market conditions.
2. What are the implications of the smaller lot size?
While the land area is typical for Morley Avenue, it is below the neighborhood and city averages. This often translates to less outdoor maintenance and can be a benefit for those seeking a more lock-and-leave lifestyle, though it may not suit gardeners or those desiring extensive private outdoor space.
3. Is this a good investment compared to the neighborhood?
The home’s elite rankings for value, size, and age on its street suggest it is a premium property in its immediate context. Its modern build may offer energy efficiency and repair cost advantages over older homes in the area, which can be attractive for long-term value retention.
4. What can past sale data tell us?
The property last sold between $400k-$450k in 2017. The significant increase to its current $500k assessed value indicates substantial appreciation, reflecting both market trends and the premium for a newer, spacious home in this location.
5. How can I verify the exact historical sale prices?
Due to industry regulations, exact MLS sale records are not published on this site. You can request the full transaction history and exact figures via email from the provider, who will manually look up and supply the data.