Property Overview: 531 Pandora Avenue W, Winnipeg
Key Characteristics & Appeal
This 810 sqft bungalow, built in 1961, sits on a 3,959 sqft lot in the Melrose neighbourhood. Its core appeal lies in its established location and relative value within the immediate area. The home's assessed value ($30.20k) ranks above average for Melrose, suggesting it is viewed favorably compared to its local peers. While the living space is modest and below the city-wide average, the lot size is typical for the neighbourhood. Recent sale history indicates steady market activity.
This property would suit a first-time buyer or an investor looking for an entry point into a mature Winnipeg neighbourhood. It’s a practical choice for someone prioritizing location and lot potential over square footage, who is comfortable with a home that may require updates reflective of its age. A thoughtful perspective is that, while smaller inside, its above-average assessment for the area could indicate a solid foundation or desirable location nuances not captured by basic metrics.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is above the average for the Melrose area, ranking in the top 27%. This means it is assessed higher than most comparable properties in the immediate neighbourhood.
2. Is the house particularly small?
At 810 sqft, the living area is smaller than the average Winnipeg home. However, it is quite close to the average size for the Melrose neighbourhood itself (973 sqft), making it a typical offering for this specific community.
3. What can the recent sale history tell me?
The property has sold three times since 2020, each time within the $200k-$300k range. The consistent activity suggests a stable level of market interest in the home and street.
4. Is the lot size a pro or a con?
The lot is under 4,000 sqft, which is below average for the city and for Pandora Avenue W specifically. However, it is very close to the average lot size for the Melrose neighbourhood, so it is not an outlier in that context.
5. How do I find out the exact past sale prices?
The exact sold prices are not publicly displayed. You can request them by email via the button on the listing page. The service provides the accurate figures manually and does not use email addresses for unsolicited marketing.