Property Overview

82 Moberly Avenue is a 916 sqft bungalow built in 1978, situated on a roughly 5,100 sqft lot in Winnipeg's Meadows neighbourhood. Its key appeal lies in its position as a modest, entry-level home with a very low municipal assessed value ($33,500), which suggests a correspondingly affordable asking price. The home is smaller than most in its immediate area and the wider city, but it offers a competitively sized lot for the neighbourhood. It last sold between $250,000-$300,000 in 2017.

This property would suit first-time buyers or investors seeking a lower-cost entry point into the Winnipeg market. Its manageable size and lot present an opportunity for those comfortable with a home that may require updates, as it is older than many in the Meadows area. The low assessed value is a double-edged sword: it indicates affordability but also suggests the home is valued well below the citywide average for comparable properties, which could reflect its condition, size, or specific location on the street.

Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average for comparable homes?
Municipal assessments are for tax purposes and are based on a mass appraisal system considering factors like location, size, age, and condition. This home’s value is below average on its street and in Meadows, likely due to its smaller living area and older age relative to the neighbourhood. The dramatically lower value compared to the citywide "comparable" average of $390k primarily indicates it's being compared to a very broad pool of properties; its value is more accurately reflected in the local and area averages.

2. What does it mean that the home is "older than average" for Meadows?
Most homes in Meadows were built more recently, around 1990 on average. This 1978 home is among the older ones in the area. This could mean more original features or a greater potential need for updates to major systems like roofing, windows, or plumbing compared to newer builds in the neighbourhood.

3. Is the lot size a positive feature?
Yes. While the home itself is compact, the lot is very close to the average size for Meadows (5,099 sqft vs. 5,372 sqft average). This provides a good outdoor space relative to the home's footprint, offering potential for gardening, expansion, or simply more yard space than is typical for a home of this size.

4. How reliable are the past sold price ranges shown?
The ranges ($250k-$300k in 2017) are based on public data estimates. For the exact historical sale price, you must request it directly via the provided email service. This is a common practice to ensure data accuracy and compliance with local regulations.

5. Who would this home not be suitable for?
It may not suit buyers looking for a move-in-ready, modern home without renovation projects, or families requiring more than two bedrooms or significant living space. Its smaller size and older vintage are trade-offs for the affordability and lot size it offers.