Property Overview: 426 Melrose Avenue W
Key Characteristics & Appeal
This 910 sqft bungalow, built in 1988, presents a practical and modern opportunity within its established Winnipeg neighbourhood. Its primary appeal lies in its relative newness compared to most homes on the street and in the broader Melrose area, where the average construction year is 1948. This suggests potentially fewer concerns with major aging infrastructure. The home sits on a 3,629 sqft lot, which is typical for the immediate area, offering manageable outdoor space.
The data reveals a thoughtful perspective: this property represents a "middle ground." It's not the largest or smallest home on the block, and its assessed value sits comfortably in the top third for the street. This positions it as a stable, average-priced home in its micro-area, but one that is notably newer. It last sold in the $300k-$350k range in 2023.
This home would suit first-time buyers or downsizers seeking a manageable, low-maintenance footprint without the uncertainties of a century-old property. It’s also a sensible fit for an investor looking for a relatively modern rental in a neighbourhood of older homes. The buyer here is likely pragmatic, valuing the efficiency and condition of a late-80s build over grand character or expansive square footage.
Frequently Asked Questions
1. How does the 1988 build year affect this home?
Compared to the neighbourhood average from the 1940s, a 1988 construction typically means updated electrical, plumbing, and insulation standards. It may offer more modern room layouts and require fewer immediate major upgrades.
2. Is the living space smaller than average?
At 910 sqft, it is slightly below the average for Melrose Avenue (~980 sqft) and notably smaller than the Winnipeg citywide average. This indicates a efficient, compact layout suited for 1-2 people.
3. What does the assessed value tell us?
The assessed value of $29,900 is not a market price but a valuation for municipal tax purposes. That it ranks in the top 32% on its street suggests the city assesses it as a higher-value property on Melrose Avenue, likely due to its newer construction.
4. How does the last sold price help?
The 2023 sale in the $300k-$350k range provides a recent market benchmark. It shows what a buyer was willing to pay at that time, which is more current and relevant than the tax-assessed value.
5. Who provides the exact historical sold price?
The exact sale price is not public record in Manitoba. The listing service offers to provide this verified information manually via email upon request, as noted on the property details page.