Property Overview: 209 Melrose Avenue E, Winnipeg
Key Characteristics & Appeal
This home presents a practical and efficient living option in Winnipeg's Melrose neighborhood. Built in 1978, it is notably newer than most houses on its street and in the immediate area, which typically date back to the late 1940s. This suggests potentially fewer concerns with aging infrastructure found in much older homes.
The 1,088 sqft living area is comfortably above average for both the street and the local area, offering more interior space than many comparable neighboring properties. However, the lot size of 1,726 sqft is significantly smaller than local and city averages, indicating minimal outdoor maintenance but limited private yard space.
Its appeal lies in this balance: a relatively modern, space-efficient home that requires less upkeep, both inside and out. It would suit first-time buyers seeking an affordable entry into the market, downsizers looking to simplify, or pragmatic investors interested in a property with a lower assessed value compared to the wider city. The recent sale history shows stable value in the $200k-$250k range.
Frequently Asked Questions
1. What does the "above average" year built ranking mean for me?
It means this 1978 home is among the newest 10% on its street. In practical terms, you may encounter fewer issues related to outdated plumbing, electrical systems, or materials common in homes built 50+ years earlier.
2. The lot size is ranked in the bottom tier. How small is it really?
At roughly 1,700 sqft, the lot is less than half the size of a typical lot in the Melrose area. This translates to a very compact backyard. It's a trade-off: minimal lawn care and gardening, but limited potential for additions, pools, or extensive outdoor entertaining space.
3. How can the assessed value be "around average" locally but "below average" city-wide?
The assessed value is in line with other homes in the immediate Melrose area. The city-wide average is pulled much higher by assessments in newer suburban developments and more affluent neighborhoods. This highlights the home's positioning as an affordable option within its own established community.
4. The home sold recently in 2023 and 2020. What does that indicate?
The consistent sale price range over three years suggests a stable, non-volatile market value for this specific property. It hasn't seen dramatic price swings, which can be reassuring for buyers seeking predictability.
5. Who might this property not suit?
It's likely not ideal for buyers prioritizing a large, private yard, extensive gardening, or future expansions like a garage or large deck. Families or individuals needing significant outdoor space or those looking for a home with value derived from land size may find it too compact.