Property Summary: 626 Melrose Avenue W
Key Characteristics & Appeal
This 1,275 sqft bungalow, built in 1958, presents a solid opportunity in Winnipeg's Melrose neighbourhood. Its primary appeal lies in offering above-average space and value within its immediate area. The home sits on a generous 5,059 sqft lot, providing ample outdoor space that is notably larger than many neighbouring properties. While its size and assessed value rank highly on its street and in the Melrose area, they align closer to the city-wide average, suggesting it represents a balanced, established urban property rather than an outlier.
The data indicates this home would particularly suit practical, value-oriented buyers. It’s ideal for someone looking for more interior and yard space than is typical for the neighbourhood without a premium city-wide price tag. It also fits buyers comfortable with a home of this vintage, likely appreciating the character and potential of a well-located post-war property. A less obvious perspective is that its consistent "above average" standing in hyper-local rankings, but average city-wide standing, could indicate a stable and predictable investment within a specific community context, appealing to those seeking neighbourhood familiarity over chasing market trends.
Frequently Asked Questions
1. How does this home compare to others on the street and in the area?
The home ranks above average for both living area and lot size compared to its direct neighbours on Melrose Avenue W and within the broader Melrose area. It offers more interior space and a larger yard than many nearby properties.
2. What does the assessed value tell me?
With an assessed value of $34,200, this property is valued higher than most homes on its street and in the Melrose area. Compared to the entire city, its assessment is around the median, indicating it is not an exceptionally high or low-valued property in the broader Winnipeg market.
3. Are there any recent sold prices available for this specific address?
No sales history is displayed publicly for this listing. The exact sold price history can be requested by email from the listing source, who provides the information manually.
4. What should I consider about a home built in 1958?
As a home built 68 years ago, it is newer than many on its street but aligns with the city-wide average for age. Buyers should factor in the potential for updates to major systems like plumbing, electrical, and the roof, while also appreciating the established neighbourhood and likely mature landscaping.
5. Can I see how this property fits into the neighbourhood?
Yes, a neighbourhood analysis map is available through the listing to compare this home with nearby properties in detail based on year built, living area, assessed value, and lot size.