Property Overview: 288 Leola Street, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1969, presents a practical and competitively positioned home in the Melrose neighbourhood. Its core appeal lies in offering above-average space and value within its immediate area. The living area is notably larger than most similar homes on Leola Street and in Melrose, providing comfortable roominess for its class. This is coupled with an assessed value that ranks in the top 12-18% locally, suggesting a historically strong valuation relative to nearby properties. While the lot size is more compact compared to the city average, it is typical for the Melrose area, implying a lower-maintenance yard.
The home would suit first-time buyers or downsizers looking for a well-sized, single-level layout in an established neighbourhood without a premium price tag. It also appeals to the value-conscious buyer who prioritizes interior space over extensive outdoor land. A thoughtful perspective is that a newer build date (1969) compared to many area homes (average 1947-1955) may mean fewer immediate concerns with aging components, while the compact lot could translate to lower utility and property maintenance costs.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $250,000 and $300,000 in 2020. Its current assessed value of $33,600 is strong compared to local averages, but a professional market appraisal is recommended to determine its present-day sale price.
2. Is the lot size a disadvantage?
The 3,606 sqft lot is smaller than the Winnipeg average but is standard for Melrose. It’s ideal for those seeking less yard work, but may not suit those wanting extensive outdoor space for gardening or recreation.
3. What does the "above average" ranking for Year Built mean?
Built in 1969, this home is newer than many in its direct vicinity, where comparable homes often date to the 1940s and 1950s. This could indicate updated infrastructure, though a specific inspection is necessary.
4. Who provides the exact historical sold price?
The exact sale price is not public record. The listing service offers to provide it manually via email upon request, at no cost and without marketing spam.
5. How can I compare this property to the neighbourhood in detail?
The listing includes a link to a neighbourhood analysis page, which maps nearby houses and allows for detailed comparison of year built, living area, assessed value, and lot size.