Property Overview: 74 Morley Avenue, Riverview, Winnipeg

Key Characteristics & Appeal

This 1922 home on Morley Avenue presents a straightforward opportunity in Winnipeg's Riverview neighborhood. At 990 square feet, its living space is modest but typical for the street, ranking solidly among its immediate neighbors. The assessed value of $235K is also in line with the street average, yet it sits notably below the broader Riverview and city-wide averages. This creates a key dynamic: you're buying a home that is average for its specific block but positioned at a more accessible price point within the desirable larger neighborhood.

Its appeal lies in this value proposition. It offers entry into an established area without the premium often attached to larger lots or more modern homes in the same locale. The lot size, while smaller than many in Riverview, is manageable and typical for the street. The home’s age (older than most on its block) suggests classic character but also implies a need for thoughtful consideration regarding updates and maintenance.

This property would suit a first-time buyer or practical downsizer looking for neighborhood over sheer size. It’s for someone who values Riverview’s location and community but has a budget focused on fundamentals. It may also appeal to an investor seeking a rental property in a stable, in-demand area, given the price point relative to neighborhood averages.

Frequently Asked Questions

1. Is this a good value for the Riverview area?
Based on assessed values, this home is priced significantly below the Riverview neighborhood average, suggesting a more affordable entry point into the area. However, its size and lot are also below the neighborhood norm, so the value reflects a smaller, older property on a modest lot.

2. How does the home’s size compare to others nearby?
At 990 sq ft, it is slightly below the average for Morley Avenue itself (~1,051 sq ft) and more noticeably below the broader Riverview average. This indicates a cozier, more efficient floor plan typical of its era.

3. What might the sold price history indicate?
Public records show it last sold between $200K-$250K in mid-2016. This historical range, combined with its current assessed value, suggests relative price stability. For exact sold figures, a manual lookup via the site is required.

4. The home was built in 1922. What should I consider?
Being over a century old, potential buyers should prioritize a thorough inspection. While it’s older than many homes on its street, this also often means established character and mature landscaping. Budgeting for potential updates to systems like wiring, plumbing, or insulation is prudent.

5. How does the lot size impact the property?
The lot is approximately 2,500 sq ft, which is standard for this part of Morley Avenue but smaller than many in Riverview. This means lower maintenance but also less private outdoor space compared to larger lots in the neighborhood.