Property Overview: 227 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home built in 1926, offering a practical entry point into Winnipeg’s Melrose neighborhood. With 789 square feet of living space, it is notably smaller than most homes on its street, in the area, and across the city, positioning it as a low-maintenance option. Its assessed value is fairly typical for Melrose but sits well below the citywide average, suggesting a more accessible price point.
The appeal lies in its efficiency and location. The lot, while smaller than area averages, provides manageable outdoor space. For the right buyer, the smaller scale translates to lower utility costs and less upkeep. This property would best suit a first-time homebuyer, an investor looking for a rental property, or a downsizer seeking a straightforward, no-frills home in an established neighborhood. Its average standing within the immediate area indicates it’s a representative, not an outlier, property on Melrose Avenue, offering a grounded, realistic purchase.
Section 2: Frequently Asked Questions
1. How does the home’s size compare practically?
At 789 sq ft, the living space is significantly cozier than the average area home (approx. 973-980 sq ft). This emphasizes efficient use of space and likely means fewer rooms or smaller room sizes, suited for a simpler lifestyle.
2. What does the assessed value indicate about the price?
The assessed value ($26,200) is around the average for Melrose but is far below the citywide average. This typically suggests the property may be priced for its specific local market rather than city-wide trends, potentially offering value within this neighborhood.
3. Are there concerns with a 100-year-old home?
Built in 1926, it is older than most city homes. While this can mean character, it also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand potential maintenance or upgrade needs.
4. How usable is the land?
The 2,860 sq ft lot is smaller than most in the area. It provides yard space but may limit expansion possibilities like a large addition or detached garage. It’s adequate for a patio or garden but not for extensive outdoor features.
5. How can I find out what it last sold for?
The listing shows a sale between 2017-2025 for an estimated $200k-$250k. For the exact sale price and date, you must request the information via the email service provided, as this data is verified and shared manually by the listing service.