Property Summary: 459 Morley Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 459 Morley Avenue in Lord Roberts is defined by its compact efficiency and its position on a desirable lot for the area. Built in 1958, it is notably newer than most homes on its street and in the wider neighbourhood, which may appeal to those seeking a property with potentially fewer concerns related to very old infrastructure. With 680 sqft of living space, it is a smaller home, ranking in the top 5% for compact size citywide, making it a true bungalow or cottage-style dwelling.

Its primary appeal lies in its land value and location. The lot size of 2,504 sqft is solid for the central neighbourhood and provides valuable outdoor space relative to the home's footprint. The assessed value of $220k is around average for Morley Avenue but sits below the citywide average, suggesting the value is anchored in the land and location rather than the size of the structure. This combination suits first-time buyers, downsizers, or investors looking for an entry point into a mature neighbourhood. It’s a property where the value is in what you own (the land) and where it is, with the home itself representing a manageable project—ideal for someone comfortable with a cozy layout who sees potential in the lot itself, whether for gardening, expansion, or long-term holding.

Section 2: Frequently Asked Questions

1. Is this a small house?
Yes. At 680 sqft, the living area is significantly below the averages for the street, neighbourhood, and city. It is best suited for individuals, couples, or those comfortable with compact, efficient living.

2. Why is the assessed value what it is for a smaller home?
The assessment reflects more than just living space. It accounts for the desirable lot size for the area (2,504 sqft), the fact the home is newer than most in Lord Roberts, and overall property values on Morley Avenue. The value is largely tied to the land.

3. How does the year built affect this property?
Built in 1958, this home is much newer than the neighbourhood average (homes averaging from 1927-1933). This can be an advantage, potentially meaning updated electrical, plumbing, or insulation compared to century-old homes, though a specific inspection is always needed.

4. What can the 2021 sale price range tell me?
The previous sale in the $250k-$300k range provides a market benchmark from a few years ago. Comparing it to the current $220k assessment requires understanding current market conditions and any changes made to the property since then.

5. Who are the most logical buyers for this property?
It's well-suited for a first-time buyer seeking affordability in a central location, a downsizer looking for minimal upkeep and a good lot, or an investor interested in a land-value play in a stable neighbourhood. It is less suited for those requiring multiple bedrooms or ample indoor space.