Property Overview: 127 Pandora Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a specific and practical value proposition in Winnipeg’s Melrose neighbourhood. Built in 1929, it is a character property with a modest 805 sqft living space, sitting on a notably generous lot of just under 4,800 sqft. Its assessed value is significantly below the citywide average, indicating a lower property tax base.
The primary appeal lies in its land size relative to its immediate area—the lot is above average for Melrose—offering potential for outdoor space, gardening, or future expansion where permitted. It suits a pragmatic buyer, such as a first-time homeowner comfortable with a smaller, older home, an investor looking for a land-value opportunity, or someone seeking lower ongoing property taxes. Its price history suggests it trades at a accessible point in the market. It’s not a modern, move-in-ready showpiece, but a grounded property where value is derived more from its land and location than its current structure or size.
Section 2: Frequently Asked Questions
1. Is the low assessed value a good thing?
Yes, for ongoing property taxes, a lower assessed value typically results in a lower tax bill. However, it also reflects the home’s current market valuation relative to other city properties.
2. What does the lot size mean for me?
At 4,801 sqft, the lot is larger than many in the Melrose area. This provides more private outdoor space than neighbours may have and could be a long-term asset for adding a garage, deck, or garden.
3. As a 97-year-old home, what should I consider?
While full of character, a home of this age will likely require diligent maintenance and updates to mechanical systems like wiring, plumbing, and insulation. A thorough inspection is essential.
4. How does the living space compare?
At 805 sqft, the living area is compact, below averages for the street and city. This home suits efficient living or a small household, not those requiring ample indoor space.
5. Can I get the exact historical sale price?
The listed sale price is a public range. The exact sale price is available by request from the listing service via email, which they provide manually without using your address for marketing.