Property Overview: 129 Morier Avenue, Glenwood, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1947, situated on a standard-sized lot in Winnipeg's Glenwood neighbourhood. Its key characteristic is its modest 703 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. However, it presents a renovated basement, a detached garage, and a very stable assessed value that aligns closely with local averages. The appeal here is one of efficiency and opportunity. It suits a specific buyer: perhaps a first-time purchaser seeking an affordable entry into the market, an investor looking for a manageable rental property, or someone wanting to downsize into a low-maintenance home without leaving the neighbourhood. Its value lies not in size, but in its potential as a solid foundation. For the right buyer, the smaller footprint is a feature, not a flaw—offering lower utility costs, less upkeep, and a chance to customize a truly efficient space over time.

Section 2: Frequently Asked Questions

1. Is the living area too small for practical use?
While below average in size, the layout and the renovated basement are key. The basement adds functional space, and the overall footprint may be ideal for individuals, couples, or those seeking a minimalist lifestyle.

2. How does the assessed value compare to recent sale prices?
The home's assessed value (~$32.4k) is consistent with the local area. It last sold in early 2021 for an estimated $25.5k–$28.5k, suggesting a history of stable, modest valuation in this market segment.

3. What does the "rank" and "top X%" data mean for this property?
These metrics compare the home to others. For example, its living area ranks in the top 91% on its street, meaning 90% of neighbouring homes are larger. Conversely, its year built ranks in the top 30%, meaning it is older than 70% of homes on the street. This highlights its character as a smaller, well-established home.

4. What is the Glenwood neighbourhood like?
Glenwood is a mature, post-war neighbourhood. The similar ages and assessed values of nearby homes on Morier Avenue suggest a consistent, established streetscape without extreme outliers in property scale or value.

5. What are the major considerations for a home of this age?
Built in 1947, the core structure is nearly 80 years old. While the basement has been renovated, a prospective buyer should prioritize inspections for the foundation, roof, wiring, and plumbing to understand the condition of the original building components.