Property Overview: 23 Mornefortune Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This 936 sqft bungalow, built in 1975, presents a practical opportunity in Winnipeg's River East neighborhood. Its key appeal lies in its balance of a modestly-sized home on a relatively generous lot. While the living area is below average for the street, neighborhood, and city, the property’s 5,947 sqft land area is above average for Mornefortune Crescent, offering valuable outdoor space and potential.

The home’s assessed value of $336k sits below the immediate street and neighborhood averages, suggesting a potentially accessible entry point into the area. This combination—a smaller, likely more manageable home on a good-sized lot—creates a specific niche. It would suit first-time buyers, downsizers, or value-focused investors who prioritize land over square footage and are comfortable with a home that may require updates typical of its era. The appeal is grounded in practicality: lower maintenance costs than a larger house, room for a garden or expansion, and a price point that compares favorably within its own community.

Section 2: Frequently Asked Questions

1. Is the below-average living area a major drawback?
Not necessarily. For the right buyer, it’s a feature. It translates to lower utility costs, less upkeep, and a cozier footprint. The trade-off is the larger-than-average lot, which provides flexibility.

2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is a historical snapshot. Market price is determined by current conditions. However, its position below local averages indicates this property may not command the premium of larger homes on the street, which can be an advantage for buyers.

3. What does the 1975 build year imply for maintenance?
Homes from this period may have original components nearing the end of their service life, such as roofing, windows, or major systems. A thorough inspection is advised, but this era also often features solid construction and straightforward layouts.

4. The sold price history shows a range of $300k–$350k in late 2021. Is that relevant today?
It provides a historical benchmark, but the market has evolved since then. It’s most useful for understanding the property’s previous market position rather than predicting its current value.

5. Why is the lot size highlighted as a positive?
On a street where the average lot is about 6,012 sqft, this property’s 5,947 sqft parcel is competitive. In a neighborhood of similarly sized homes, having one of the larger lots offers more privacy, recreational space, and future potential, which is a key differentiator.