Property Overview: 109 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its practicality and position as a value-oriented entry point in the Winnipeg market. Its key characteristic is its modest scale, featuring 945 sqft of living space and a 2,780 sqft lot, which are both slightly below the average for the immediate Melrose area. Built in 1913, it is a century-old property, making it notably older than most homes in the city.
The appeal lies in its affordability, as reflected in its assessed value of $20,800, which is significantly below averages for the street, neighborhood, and city. This presents a lower barrier to entry for homeownership. Its living area is actually quite typical for the local Melrose context, suggesting the home fits the established character of the area rather than feeling unusually small.
This property would best suit a first-time buyer, an investor looking for a rental property, or a practical downsizer who prioritizes financial efficiency over space. It’s for someone who sees a century-old home not as a drawback, but as a canvas for gradual updates or a straightforward, manageable asset. The close proximity of similar neighboring houses indicates a tight-knit, established streetscape.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—its smaller size, older age, and more modest lot—compared to the broader city average, which includes many newer and larger homes. It reflects the property's market position as an affordable option.
2. What does the "below average" ranking for Year Built mean for me?
It confirms the home is historically significant in age, being over 110 years old. Buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation) and budget for maintenance or updates typical of a house of this era.
3. Is the living space too small?
While below the city-wide average, the living area is actually on par with the local Melrose area average. This suggests the home's size is consistent with the neighborhood's housing stock, making it a comfortable fit for a small household or individual.
4. How reliable are the sold price ranges shown?
The ranges are based on public data. For the exact historical sold price, you must request it via the provided email service. This step ensures accuracy for serious buyers making financial comparisons.
5. The lot is smaller than others nearby. Is that a major disadvantage?
It means less yard space for gardening or expansion. However, it also translates to less exterior maintenance. For a buyer seeking a low-maintenance property or one where outdoor space is not a priority, this can be a practical trade-off for the lower price point.