430 Melrose Avenue W

Property Overview

This home at 430 Melrose Avenue W is a compact, character property built in 1900. With 782 sqft of living space on a 3,629 sqft lot, it is notably smaller than both local and city-wide averages, placing it in the top 92% of Winnipeg for compactness. Its assessed value of $24,500 is modest and around average for its immediate area, though well below the city average. The home last sold between $200k-$250k in 2021.

Key Characteristics & Appeal

The primary appeal of this property lies in its efficiency and affordability within an established neighbourhood. It is a straightforward, no-frills home that offers a manageable footprint, which can mean lower utility costs and less maintenance. Its assessed value and recent sale price suggest it is an accessible entry point into the market.

This home would suit a specific type of buyer: a first-time homebuyer or an investor looking for a practical, lower-cost property. It could also appeal to someone seeking to minimize their living space or who values the potential character of a century-old home over modern size expectations. A thoughtful perspective is that its smaller size and lot represent a lower environmental footprint and a simpler lifestyle, which some buyers actively seek. However, the 1900 build date means prospective buyers should be prepared for the realities and potential costs of an older home.

Frequently Asked Questions

1. What does the "Top 92%" ranking for living area mean?
This means the home's living area is smaller than 92% of comparable properties across Winnipeg. It is a notably compact home, even compared to others in the Melrose area.

2. Is the $24,500 assessed value the sale price?
No. The assessed value is for municipal tax purposes. The home last sold in the $200,000 to $250,000 range in 2021, which is the more relevant figure for market value.

3. What are the main considerations with a home built in 1900?
Buyers should budget for potential updates to older mechanical systems (like plumbing and wiring), insulation, and windows. A thorough home inspection is essential to understand the condition and any needed repairs.

4. How does the lot size compare?
At 3,629 sqft, the lot is slightly below the average for the street and area, but fairly typical for older neighbourhoods. It provides a modest outdoor space without extensive yard work.

5. How can I find out the exact past sale price?
The listing service provides an estimated range publicly. You can request the exact sale price by emailing them through the provided form; they manually provide the figure without marketing spam.