Property Summary: 410 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and established neighbourhood character. Built in 1987, it is a notably newer construction compared to most homes on its street and in the wider Melrose area, suggesting potentially lower maintenance needs and updated building systems. With 834 sqft of living space, it offers a manageable footprint that is typical for the immediate locale but more compact than the Winnipeg city average, promoting an efficient, low-maintenance lifestyle.
Its primary appeal lies in its strong value proposition within its community. The assessed value ranks in the top 15-16% for both the street and the area, indicating it is viewed as a higher-value property among its direct peers. This, combined with its newer build date, positions it as a well-regarded asset in the neighbourhood. The lot size is standard for the area, providing adequate outdoor space without the burden of extensive upkeep.
This property would ideally suit first-time buyers seeking a move-in-ready home with modern fundamentals, or downsizers looking for a comfortable, manageable property in a mature neighbourhood. It also appeals to the value-conscious investor or buyer who prioritizes a property’s relative standing and newer age within its specific community over sheer size.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 834 sqft, the living space is slightly below the average for Melrose Avenue West (~980 sqft) and the broader Melrose area (~973 sqft). It is a compact and efficient layout, which is common for homes of its era in this location.
2. Why is the assessed value higher than many neighbours?
The assessed value of $32,500 ranks in the top 15% for the street. This is likely strongly influenced by the home’s 1987 build date, which is significantly newer than the area average (homes built around 1948), and suggests more modern construction and systems.
3. What does the 2022 sale price range indicate?
The property sold for an estimated $350k-$400k in 2022, a price that ranked in the top 7% for both the street and area at that time. This historical data reinforces its trend of being a premium-priced property within its immediate micro-market.
4. Is the lot size a constraint?
The 3,629 sqft lot is typical for the street and area. It is smaller than the city-wide average, but is standard for this established neighbourhood and provides a balanced yard space for its proportionate home size.
5. How does this home fit within the broader city context?
City-wide, this home is a study in contrasts: its living area and lot size are below the Winnipeg average, but its build date is newer than about 75% of city properties. This highlights its nature as a modern, efficient property within a well-established neighbourhood context, rather than a sprawling suburban home.