Property Overview & Key Characteristics
This home at 20 Morello Bay is a modern, well-sized property in Winnipeg's The Maples neighbourhood. Built in 2008, it is notably newer than most homes in the immediate area, offering contemporary construction and likely fewer immediate maintenance concerns. Its 1,387 sqft living area is spacious for the street and ranks highly within the neighbourhood. A key feature is the renovated basement, adding valuable finished living space. The property last sold in June 2023 for $285,000, with a current assessed value of $306,000.
Its primary appeal lies in being a relatively new, turn-key home in an established community. It suits first-time buyers or small families seeking a move-in-ready property without the quirks of an older home. It also appeals to value-conscious buyers who appreciate the upside of a modernized basement. A thoughtful perspective is that while it lacks a garage, its newer build may offset some of the storage or parking concerns typical of older homes in the area. The data suggests it offers a balance of modern amenities within a more affordable price segment of the neighbourhood.
Frequently Asked Questions
1. How does the age of this home compare to others nearby?
Built in 2008, this home is significantly newer than most comparable properties in The Maples, which are largely from the 1970s and 1980s. This often translates to modern building standards, materials, and systems.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish. A prospective buyer should inquire about the quality of the renovation, the permitted uses (e.g., legal suite, recreation room), and whether it includes a separate entrance or bathroom.
3. There's no garage. What are the parking options?
The listing shows no garage. Buyers should verify on-site parking, such as a dedicated driveway, and also research street parking regulations and availability in the area.
4. The assessed value is higher than the 2023 sale price. What does this mean?
The assessed value ($306,000) is set by the municipality for tax purposes, while the sale price ($285,000) is what a buyer previously paid. The difference can reflect market fluctuations, the condition at time of sale, or specific sale terms. It’s a starting point for market evaluation, not a direct price indicator.
5. How does the living space compare to other homes in The Maples?
At 1,387 sqft, this home is above average for its immediate street and ranks in the top 11% for size within The Maples neighbourhood, offering more interior space than many local listings.