Property Overview: 431 Pandora Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Melrose presents a practical opportunity. Built in 1959, it sits on a generous 5,940 sqft lot, which is notably larger than many in the immediate area and ranks in the top 8% for lot size within the wider neighbourhood. The home itself is 976 sqft with a renovated basement and a detached garage.
Its primary appeal lies in its balance of space and value. The large lot offers significant outdoor potential and a sense of privacy uncommon for the area, while the renovated basement adds functional living space. With an assessed value firmly in the top third for its street and neighbourhood, it suggests a property that holds its own in a stable community. This home would suit first-time buyers or downsizers looking for a manageable single-level layout with room to grow outdoors, or an investor seeking a property with solid fundamentals and the upside of a large, versatile lot in an established area.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
The home is in the Melrose neighbourhood. The provided data shows the property ranks highly (top 17%) for assessed value within its broader community, indicating it is among the better-maintained or more desirable properties in the area.
2. How does the lot size compare?
The 5,940 sqft lot is a standout feature. It ranks in the top 8% for lot size within the wider neighbourhood, meaning it is significantly larger than most comparable properties, offering more yard space and potential.
3. Is the home updated?
The listing confirms a renovated basement, adding modernized living space. The age of updates to the main floor is not specified in the provided data and would require further inquiry.
4. How does the assessed value relate to the likely selling price?
The assessed value is $30,600, which is used for municipal tax purposes. Market value is determined by current buyer demand and can be higher or lower. The home’s assessed value ranks well against neighbours, suggesting it is not undervalued for the area.
5. What are comparable nearby properties?
The data lists several nearby homes with similar assessed values in the low $30,000s, primarily in the Kildare-Redonda area, and others with larger living areas and higher values in newer neighbourhoods like Kern Park. This highlights this property’s position as a value-oriented option in the central market.