Property Overview
This home at 119 Pandora Avenue W in Winnipeg's Melrose neighbourhood presents a distinct profile. Its primary appeal lies in offering significantly more interior space than most comparable homes, housed within a classic 1920s structure. The property suits buyers looking for a spacious character home in an established area, who are comfortable with the realities of an older build and a moderately sized lot.
Key Characteristics & Appeal
The standout feature is the generous 1,800 sqft of living area, which ranks in the top 2% on its street and top 1% in the Melrose area. This offers rare interior volume for the neighbourhood, ideal for families, those who work from home, or anyone wanting ample room. The assessed value of $380k is strong for the immediate area, ranking in the top 5% in Melrose, suggesting the space is reflected in its valuation.
The trade-offs are its age and lot size. Built in 1920, it is notably older than most area homes, which may imply a need for updates or specific maintenance considerations for historic charm. The 3,575 sqft lot is more compact than many city lots, but is actually near the average for Melrose, pointing to a neighbourhood character of closer-built homes.
This property would best suit a buyer who prioritizes interior space over a large yard and appreciates the potential of a century-old home. It’s less suited for those seeking a modern build or extensive outdoor space.
Frequently Asked Questions
1. How does the home's age impact its value and condition?
Built in 1920, the home is a century-old property. While this can mean character and solid construction, it often comes with older mechanical systems (like plumbing or wiring) and a potential need for updates. The assessed value remains strong for the area, suggesting these factors are already considered.
2. The living area is large, but the lot is smaller than average. What does this mean for me?
This indicates the home likely makes efficient use of its footprint, potentially with multiple stories. You gain significant indoor living space but have a more modest private outdoor area compared to many Winnipeg homes. The lot size is typical for the Melrose neighbourhood itself.
3. What do the "Elite" and "Top %" rankings mean?
These rankings compare this specific property against similar homes on its street, in the Melrose area, and citywide. For example, "Elite — Top 1%" for living area in Melrose means its square footage is larger than 99% of comparable homes in the neighbourhood.
4. The home sold between $250k-$300k in 2018, but is now assessed at $380k. Why the increase?
The assessed value for 2025 reflects the municipal government's valuation for tax purposes, influenced by market trends, improvements, and area sales. The 2018 sale price was a transaction price from seven years ago, and the market has evolved since then.
5. How can I find out the exact historical sale price?
The provider offers a manual service to share the exact sold price. You can submit your email via the "Get exact sold price history" button, and they aim to reply with the accurate figure by the end of the same day, without using your email for marketing.