Property Overview: 513 Pandora Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 513 Pandora Avenue E in the Melrose neighbourhood presents a practical and affordable entry point into Winnipeg’s housing market. Built in 1965, its 972 sqft living space is very typical for the immediate area and Melrose, offering a manageable layout for smaller households. The standout characteristic is its assessed value of $230k, which is notably lower than both the city-wide average and recent sale prices of comparable nearby homes. This suggests a potentially lower property tax burden and an accessible price point.
The appeal lies in its value proposition within a mature, established neighbourhood. It suits first-time buyers or investors seeking a lower-cost property with the fundamentals in place. The lot, while smaller than many in the city, is a standard size for the street and requires less maintenance—a plus for those seeking a simpler yard. A thoughtful perspective is that while the home is older, it is actually newer than many in the broader Melrose area, potentially meaning fewer issues associated with very aged infrastructure. This isn’t a luxury property, but a grounded, functional home for pragmatic buyers.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($230k) is used for calculating property taxes and is often lower than current market value. Recent sales data suggests homes on this street are selling in the $200k-$250k range.
2. How does the lot size impact this property?
At 2,970 sqft, the lot is smaller than the Winnipeg average but is common for Pandora Avenue E. This means less outdoor maintenance but also limited space for expansions or large additions.
3. What does the "above average" year built ranking for Melrose mean?
It means this home (1965) is newer than most homes in the Melrose neighbourhood, where the average comparable home was built around 1947. This could indicate relatively newer core components.
4. Who would this property not be suitable for?
It may not suit buyers looking for a large lot, extensive square footage, or a recently built home. The living area is below the city average, making it less ideal for larger families needing significant space.
5. How can I get the exact historical sale price?
The exact sold price history is not publicly listed. You can request it directly via the email option provided on the listing page; the service aims to provide the accurate figure manually by the end of the same day.