Property Summary: 509 Pandora Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its practicality and position as an accessible entry point into the Winnipeg market. Its key characteristic is a compact 730 sqft living space in a 1939-built structure, situated on a modest 2,970 sqft lot in the Melrose neighbourhood. The data consistently shows this property ranks below average in size, lot dimensions, and assessed value compared to its immediate street, area, and the wider city. Its most recent recorded sale was between $150k-$200k in 2020.
The appeal lies squarely in its affordability and potential as a straightforward investment. With an assessed value significantly lower than city averages, it represents a low-barrier option for first-time buyers or investors seeking a rental property with a manageable overhead. Its smaller scale also suggests lower utility costs and upkeep effort. It would suit a buyer with minimal space needs, a hands-on investor looking for a value-add opportunity, or someone prioritizing financial accessibility over square footage. A less obvious perspective is that a home of this vintage and size, while requiring attention, offers a simpler renovation canvas without the complexity of a large, modern layout.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific attributes: its smaller building size, older age, and modest lot dimensions relative to the broader Winnipeg market, which includes many larger, newer homes.
2. What does the "Top 95%" ranking for living area city-wide mean?
It means that approximately 95% of comparable residential properties city-wide have a larger living area. For this home, it confirms its status as a compact, below-average-sized dwelling in the overall market context.
3. How reliable is the sold price range shown?
The provided range is based on available public data. For the exact historical sold price, you must request it directly via the email service described, as the precise figure is not publicly disclosed in the listing.
4. Is the older year of build (1939) a concern?
While the home is older than many on its street and in the city, it is around the average age for the Melrose area. This typically means potential for older building materials and systems, so a thorough inspection is advisable, but it is not an outlier for the neighbourhood.
5. What can I glean from the nearby and similarly-valued properties listed?
The list shows that homes with the same assessed value are located in various neighbourhoods, indicating this price point exists across Winnipeg. The nearby properties on Pandora Avenue E suggest a streetscape of similarly scaled homes, providing context for the immediate environment.