Property Summary: 329 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This home is a classic, post-war bungalow built in 1946, offering a practical and grounded living option in Winnipeg's Melrose neighbourhood. With 987 sqft of living space and a 4,200 sqft lot, its key metrics are consistently "around average" when compared directly to its immediate street and local area. This presents a clear picture: it's a typical, well-sized home for this specific community.
The primary appeal lies in its established neighbourhood context and its value proposition. The home's assessed value is notably below the city-wide average, which can translate to a more accessible entry point into homeownership. It suits first-time buyers seeking a manageable, no-frills starter home, or pragmatic investors looking for a character property with rental potential. A thoughtful perspective is that its very "averageness" for the area is a strength—it suggests a stable, predictable investment without the premium of a trendier locale, ideal for those prioritizing practicality and community consistency over standout features.
Section 2: Frequently Asked Questions
1. How does this home truly compare in size to others?
While its living area is below the Winnipeg city average, it is very typical for Melrose. It ranks in the top half of homes on its own street and in the broader area, meaning it offers a standard, comfortable size for this neighbourhood.
2. What does the assessed value indicate?
The assessed value is a key figure for calculating property taxes, not the market price. Its value is average for Melrose but sits in the bottom 20% city-wide, which often correlates with a lower tax burden and a potentially more affordable purchase price compared to many parts of Winnipeg.
3. What should I consider about a home built in 1946?
Homes of this era offer charm and often feature solid construction. Buyers should budget for potential updates to major aging components, such as plumbing, electrical, or the roof, and consider an inspection to evaluate the current condition. The 80-year-old foundation and structure should be a key focus.
4. How stable is the property's history based on past sales?
The available data shows sales in 2017 and 2020 within the $150k-$250k range. The specific sold prices are not publicly listed, but the recorded ranges suggest steady activity. For exact historical prices, you must request the information directly via the provided email service.
5. Is the lot size a advantage?
At 4,200 sqft, the lot is slightly larger than the immediate area's average. This provides a decent outdoor space for a garden, recreation, or future additions like a shed or deck, which is a relative advantage in this neighbourhood setting.