Property Overview: 227 Melrose Avenue E, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a practical opportunity in Winnipeg's Melrose neighborhood. Built in 1957, its 874 sqft living area is very typical for its immediate street and area, offering a manageable footprint. The lot size of just over 4,000 sqft is also standard for the locale, though notably smaller than the Winnipeg city average.
The primary appeal lies in its strong assessed value relative to its peers. The assessment of $30.7k ranks in the top quarter for both Melrose Avenue and the wider Melrose area, suggesting the property is viewed favorably compared to direct neighbors. This, combined with its last known sale in the $300k-$350k range in 2022, indicates a solid position in the local market. A thoughtful perspective is that this home represents a "neighborhood-concentrated" value—it stands out more within its own community context than it might across the entire city, which could appeal to those specifically targeting this area.
This property would suit first-time buyers or downsizers looking for an established, no-fuss home in a mature neighborhood. It’s a straightforward option for someone who values a standard lot and living space without the maintenance of a larger property, and who appreciates a valuation that is competitive within its specific community.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 874 sqft, the living area is very close to the average for both Melrose Avenue (980 sqft) and the broader Melrose area (973 sqft). It is, however, significantly cozier than the typical Winnipeg home, which averages around 1,342 sqft.
2. What does the assessed value ranking mean?
An assessed value of $30.7k ranks this property in the top 26% on its street and top 24% in the Melrose area. This means it is assessed higher than most comparable homes nearby, which can be a positive indicator of its relative condition, features, or desirability within the immediate locale.
3. Is the lot size a constraint?
The 4,052 sqft lot is perfectly average for the street and area. While it provides standard outdoor space for this neighborhood, it is about 38% smaller than the city-wide average lot, so those accustomed to or seeking larger yards may find it compact.
4. When was it last sold, and for how much?
The home was sold in 2022. The public price range is between $300,000 and $350,000. For the exact sale price, you can request the information directly via the provided email service.
5. What are the implications of the 1957 build date?
Built in 1957, the home is slightly newer than the average house on its street (1948) and in the area (1947). This suggests it may have more modern construction elements than some neighbors, but as a nearly 70-year-old home, a thorough inspection of its major systems, roof, and foundation is always recommended.