Property Overview: 101 Melrose Avenue W
Key Characteristics & Appeal
This home presents a distinct profile defined by its contrasts. Its primary appeal lies in its generous 1,394 sqft living area, which ranks in the top 8% for its street and top 7% for the broader Melrose area, offering significantly more interior space than most immediate neighbours. This makes it a standout for buyers seeking roominess in a neighbourhood of typically smaller homes. The lot size is standard for the local area at 3,501 sqft.
These advantages are balanced by other factors. The home, built in 1912, is notably older than area averages, and its assessed value is consistently below average across all comparison levels. This combination suggests a property where the value is centred on the substantial interior space itself, potentially appealing to those less concerned with modern build dates or peak assessed valuations. It would suit a practical buyer who prioritizes square footage over a modern foundation, or an investor or renovator who sees the below-average assessment as a baseline opportunity. The last known sale was between 200k–250k in 2017.
Frequently Asked Questions
1. What does the "below average" assessed value actually indicate?
It indicates the city's assessed value for the property is lower than most homes on its street, in the area, and across Winnipeg. This can influence property taxes but does not directly set the market sale price.
2. Are there concerns with a home built in 1912?
While offering classic character, a home of this age requires diligent inspection for updates to foundational elements, wiring, plumbing, and insulation. Its maintenance history will be a key factor.
3. How meaningful is the living area ranking?
Very meaningful in a local context. It means this home offers roughly 400+ more square feet than the typical home on Melrose Avenue W, which is a significant difference for daily living.
4. Why is the sold price from 2017 shown as a range?
Public records often provide approximate sale prices. The exact figure requires a manual search through official records, which the listing service offers to provide via email.
5. How does the lot size compare?
The lot is fairly typical for the immediate neighbourhood but is below the city-wide average. This means outdoor space is consistent with the local area but not as large as in some other Winnipeg communities.