Property Overview
This home at 426 Melrose Avenue E presents a practical and affordable entry point into Winnipeg's Melrose neighborhood. Built in 1962, it is notably newer than many surrounding homes. With 837 square feet of living space, it offers a compact layout that is fairly typical for the immediate area but smaller than the citywide average. The lot size is modest at just under 3,000 square feet, which means lower maintenance but less private outdoor space. The property's assessed value is very low, reflecting its scale and positioning it as one of the more affordable options on its street.
Its primary appeal lies in its value proposition and manageable size. It suits first-time buyers or investors seeking a lower-cost foothold in a stable neighborhood without the upkeep of a larger property. The home’s newer vintage (relative to its peers) could suggest fewer major age-related concerns than some neighbors. A thoughtful perspective is that the smaller lot and home size translate to predictable, lower costs for utilities, taxes, and exterior maintenance, offering a simplified lifestyle.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No, the assessed value (approximately $29,900) is for municipal tax purposes and is typically significantly lower than current market value. The last recorded sale was between $150,000-$200k in 2016.
2. How does the home's size compare to others?
At 837 sq ft, it's moderately smaller than the average home on Melrose Avenue E (~980 sq ft) and notably smaller than the Winnipeg average (~1,342 sq ft). It's a compact, efficient layout.
3. What does the "newer" build year mean for this home?
Built in 1962, it is newer than most direct comparables in the Melrose area, where averages are from the late 1940s. This could be an advantage regarding certain building materials or systems, though a full inspection is still essential.
4. What are the implications of the smaller lot size?
The 2,970 sq ft lot is below average for the street and city. This means less yard maintenance and potentially lower landscaping costs, but also limited space for expansions, large gardens, or extensive outdoor privacy.
5. How can I find out the exact historical sale prices?
The provided sale price is a public data range. You can request the exact sale price history by emailing the listing service directly; they provide this detail manually at no cost.