Property Overview & Appeal

This home at 463 Morley Avenue in Lord Roberts presents a balanced and practical opportunity. Its key characteristic is a generous 3,755 sqft lot, which is notably larger than most on the street and in the immediate area, offering valuable outdoor space or future potential in a mature neighbourhood. Built in 1947, it is a newer construction compared to many homes in the historic area. With 983 sqft of living space and an assessed value that is average for the local market, it represents a straightforward, mid-century property without major extremes.

Its appeal lies in this balance: it’s a home with a sizable yard in an established neighbourhood, positioned at a value tier that is accessible. It would suit first-time buyers or practical investors looking for a solid entry into the Lord Roberts area, or those who prioritize lot size over a large interior footprint. A less obvious perspective is that its "average" metrics within the neighbourhood might indicate a lower risk of overpaying relative to the immediate area, while the large lot provides a tangible asset that is increasingly rare closer to the city core.

Frequently Asked Questions

1. How does the lot size compare to typical city properties?
While the lot is well above average for the street and neighbourhood, it is below the city-wide average. This highlights the property’s prime advantage locally—outdoor space—while acknowledging that lots in newer suburban areas are generally larger.

2. The home was built in 1947. Does that mean it’s newer than most in the area?
Yes. The data shows it is newer than about 82% of homes on Morley Avenue and 71% in Lord Roberts. This suggests it may have undergone fewer generations of renovation than its older neighbours, potentially offering a more modern layout or systems.

3. What does the assessed value tell me about the price?
The assessed value is squarely in the middle range for the neighbourhood. This typically indicates the home is not a premium, high-end property nor a major fixer-upper, but a standard home for the area. It’s a useful benchmark for property taxes and general market positioning.

4. The last sale was between 2020-2025 for an estimated $200k-$250k. Why isn’t the exact price shown?
Exact sale prices in Manitoba are not public record. The range is estimated from public data. You can request the exact price via email from the listing service, as they manually access this non-public information.

5. Are the “rankings” and “top X%” figures important?
They provide context. For example, being in the “Top 7%” for lot size on the street is a significant advantage. Conversely, rankings that are “around average” for living space or value simply confirm the home is typical for Lord Roberts, which can be reassuring for buyers seeking a fair market price.