Property Overview: 711 Melrose Avenue W, Winnipeg
Key Characteristics & Appeal
This is a modest, well-situated bungalow built in 1958, offering a practical entry point into Winnipeg’s Melrose neighbourhood. With 736 square feet of living space, the home is notably compact, ranking in the smaller 15-20% of homes locally. This characteristic defines its core appeal: it’s a manageable, low-maintenance property. The lot size of 4,200 sqft is typical for the street and area, providing a decent outdoor space relative to the home's footprint.
The appeal lies in its financial accessibility and efficiency. The assessed value ($28,900) is very close to the local average, suggesting it’s priced appropriately within its immediate context, though it sits well below the citywide average. A recent sale in the $200k-$250k range (2024) confirms its position as a more affordable option. The home suits first-time buyers, downsizers, or investors seeking a straightforward, no-frills property. Its smaller size means lower utility costs and less upkeep, which is a significant, often overlooked advantage. While not a large or modern home, its lot offers potential for future expansion or gardening, and its "above average" year-built ranking for the area indicates it’s relatively newer than many neighbours, which may imply somewhat updated infrastructure.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 736 sqft, the living area is smaller than most. It ranks in the bottom 20% compared to other homes on Melrose Avenue West and in the wider Melrose area, and is significantly more compact than the Winnipeg city average.
2. Is the assessed value high or low for the area?
The assessed value is very much in line with the local market. It ranks almost exactly in the middle when compared to homes on the same street and in the Melrose area, making it an average-priced property in its immediate surroundings.
3. What can the recent sale price tell me?
The property sold in 2024 for an estimated $200,000-$250,000. This recent transaction provides a concrete market value benchmark that is more current than the government assessment, indicating strong buyer interest at that price level.
4. How old is this home, and is that a concern?
Built in 1958, the home is 68 years old. Interestingly, it is considered newer than about 70% of the homes on its street and in the Melrose area, meaning the surrounding housing stock is generally older. A thorough inspection is always recommended for homes of this age.
5. How do I find out the exact historical sold price?
The exact sale price is not publicly listed. You can request it directly via the "Get exact sold price history" feature on the listing page. The service provider will email you the precise figure, typically by the end of the same business day.