Property Summary: 436 Moray Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the Booth neighbourhood sits on a large, approximately 7,680 sqft lot, offering more outdoor space than most properties on its street and across Winnipeg. Built in 1960, the home features 1,302 sqft of living space and a renovated basement. A detached garage provides additional storage or workshop potential.

The primary appeal lies in its established, spacious setting and recent updates. The lot size is a significant asset, ranking in the top third locally, which is rare for older neighbourhoods and provides room for gardens, recreation, or future expansion. Its recent sale in mid-2023 for above the assessed value suggests a renovated condition that the market found desirable. This property would suit a buyer looking for a solid, single-level layout in a mature area, who values private outdoor space over a brand-new build. It’s particularly practical for those seeking a manageable home with modernized fundamentals (like the basement) and the flexibility a large lot affords.

Section 2: Frequently Asked Questions

1. What does the lot size ranking actually mean?
The data indicates this property’s lot is larger than approximately 64% of other lots on Moray Street and 87% of lots across Winnipeg. In practical terms, you’re getting a more generous yard than is typical, which is a key feature in an inner-city neighbourhood.

2. How does the recent sale price compare?
The home sold for $40,500 in July 2023, which was about 10% above its last assessed value of $36,600. This typically indicates the property was updated or in high demand at the time of sale, as it attracted a premium over the municipal valuation.

3. Is the neighbourhood actively developing?
The Booth area is fully established, not a new subdivision. The appeal here is stability, mature trees, and character. The mix of recently sold and long-held properties on the street suggests a neighbourhood with steady turnover but no large-scale redevelopment.

4. What are the implications of a "renovated basement"?
While specific finishes aren’t listed, a renovated basement generally means it’s been finished into livable space (e.g., family room, office, or additional bedrooms) and likely includes updated moisture protection, insulation, and electrical work. It adds functional square footage to the home.

5. How does this home compare to nearby properties?
It sits among similar vintage homes, but key differentiators are its larger lot and living area compared to the direct neighbour listed at 453 Aldine Street. The assessed values of similar homes in other areas are consistent, but this property’s larger lot and recent sale price suggest it may offer more value in terms of space.