Property Overview: 709 Melrose Avenue W
This home presents a compelling opportunity in Winnipeg’s Melrose neighbourhood. Built in 1959, it sits on a larger-than-average 5,100 sqft lot for the area, offering good outdoor space. The 1,013 sqft living area is typical for similar homes on the street and in the immediate area. A standout feature is its assessed value, which ranks in the top 10% locally, suggesting the property is well-maintained or has features that are highly valued relative to its neighbours.
The appeal here is one of solid, above-average standing within a specific community rather than city-wide luxury. It suits a practical buyer looking for a established home in a mature neighbourhood, where the value is derived from its strong position on the block. It’s ideal for someone who prioritizes lot size and perceived value within the local context over a brand-new build or a home with the largest square footage in the city.
Frequently Asked Questions
What does the high assessed value ranking mean?
It indicates that, compared to its immediate neighbours and area, this home is assessed at a higher value. This often reflects updates, condition, lot desirability, or a favourable configuration that the market recognizes.
Is the living space small?
At just over 1,000 sqft, it’s very much in line with the average for Melrose. It’s a manageable size for a smaller household or first-time buyer, but noticeably more compact than the current city-wide average for homes.
How does the lot size benefit me?
The lot is over 20% larger than others on the street. This allows more room for gardening, private outdoor space, or potential future expansions like a shed or deck, which can be a rarity in older neighbourhoods.
The home is from 1959. What should I consider?
While newer than many homes on the street, it’s still over 65 years old. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems.
Why is the city-wide ranking for lot size only average?
This highlights the difference between neighbourhood and city characteristics. While the lot is generous for inner-city Melrose, newer suburban developments typically offer even larger lots, bringing the city-wide average up.