Property Overview

54 Moore Avenue in Winnipeg's Norberry neighbourhood presents a distinct value proposition defined by its contrasts. Its key appeal lies in a generous, above-average lot paired with a modest, century-old home at a below-average assessed value. This creates an opportunity centered more on land and location than on the existing structure.

Key Characteristics & Ideal Buyer

The property is defined by two standout features. First, it sits on a significantly larger-than-average lot of just over 10,000 sq ft, placing it in the top tier for land size both locally and city-wide. Second, it is a 1924-built home with a compact 950 sq ft living area and a municipal assessed value of $233,000, which is notably below the average for comparable homes on its street, in Norberry, and across Winnipeg.

Its primary appeal is for the value-conscious buyer or long-term investor who sees potential in the land itself. The below-average assessment suggests a lower property tax burden relative to the neighbourhood, while the large lot offers tangible options: extensive outdoor space, gardening, future expansion, or redevelopment potential (subject to zoning). It suits a handy buyer comfortable with the upkeep of a 102-year-old home, a first-time purchaser seeking an entry point into the market with room to grow, or an investor looking at the underlying land value. The home last sold between $200k-$250k in mid-2021, indicating a historically accessible price point.

A less obvious perspective is that this property represents a "blank canvas" asset in an established area. The numbers suggest you are purchasing a premium-sized parcel with a functional, older home included, rather than a premium home on a standard lot. The value is fundamentally in the dirt and the possibilities it holds.

Frequently Asked Questions

1. Why is the assessed value so much lower than the street average?
The assessment is based on the property's characteristics, including the home's smaller size, older age, and likely its condition. A significantly lower assessment often reflects a more basic or dated structure compared to updated, larger homes on the same street.

2. What does the large lot size actually mean for me?
A 10,036 sq ft lot is substantially larger than the typical Winnipeg lot (~6,500 sq ft). This provides exceptional private outdoor space for recreation, gardening, or pets. Importantly, it may also offer future potential for additions, a garage, or even subdivision, though any development is subject to strict city zoning and bylaws.

3. Is a 102-year-old home a major concern?
It requires a pragmatic approach. While offering charm, a home from the 1920s will have older building systems (plumbing, electrical, foundation) that need careful inspection. Budgeting for ongoing maintenance and potential updates is essential. Its historic character is a trade-off for modern convenience.

4. How reliable are the sold price and comparison data shown?
The sold price range is based on publicly available data, not the MLS, and is presented as a band for non-members. The comparative rankings (e.g., "Top 79%") are algorithmic estimates based on civic data. For fully verified sale history and exact figures, you must request a manual lookup from the site via email.

5. Who would this property NOT suit well?
It is likely not ideal for buyers seeking a move-in-ready, modern home with ample interior space or who prefer minimal maintenance. The value here is in the land and long-term potential, not in turn-key finishes or spacious rooms.