Property Overview: 309 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home built in 1920, offering a straightforward entry point into Winnipeg’s Melrose neighborhood. Its key characteristic is its modest scale: with 676 sqft of living space on a 2,701 sqft lot, it is notably smaller than most homes on its street, in the area, and across the city. The assessed value of $230k reflects this, positioning it below average for the city but offering a relatively lower price point within its local market.
The appeal lies in its affordability and simplicity. It suits a specific type of buyer: a first-time homebuyer, an investor looking for a rental property, or someone seeking a minimal-maintenance footprint without a large yard or excess space to manage. A less obvious perspective is that a home of this age and size in this price range may represent one of the fewer remaining opportunities for entry-level ownership in the area, appealing to those prioritizing location over size. Its recent sale history suggests steady demand at this scale and price point.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
It is significantly smaller than average. Its living area ranks in the bottom 6% on its own street, and its lot size is in the bottom 11% for the area, making it a compact property.
2. What does the assessed value tell me about the price?
The $230k assessment is below the city-wide average for homes. Historically, it sold between $200k-$250k in 2020 and $150k-$200k in 2017, indicating it sits in a more affordable tier of the market.
3. What should I consider with a home built in 1920?
While offering classic charm, a 106-year-old home will likely require a close inspection of its major systems (like plumbing, electrical, and foundation) and ongoing maintenance. Its age is greater than roughly 75% of homes on its street.
4. Is the lot size a limitation?
The 2,701 sqft lot is smaller than most in the vicinity. This means lower yard maintenance but also limited space for expansions, additions, or extensive outdoor living areas.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly displayed. You can request them directly via the email button on the listing page; the service provides the accurate figures manually at no cost and without marketing spam.