Property Overview: 711 Pandora Avenue W, Winnipeg
Key Characteristics & Appeal
This home at 711 Pandora Avenue W in the Melrose neighbourhood is a practical, no-frills property built in 1955. Its key appeal lies in its efficient scale and its position as a relatively affordable entry point into the Winnipeg market. The 816 sqft living area is modest, ranking around the average for both its street and the Melrose area, but notably smaller than the typical Winnipeg home. The assessed value of $25,900 is significantly below the city-wide average, reflecting its size and likely basic condition.
A standout feature is the 5,340 sqft lot, which is above average for Melrose. This presents a clear opportunity for buyers who value outdoor space over a large interior footprint, offering room for gardening, expansion, or simply more privacy than smaller lots allow. The home last sold in the 2021-2022 period for an estimated $200k-$250k, which aligns with its below-average city-wide assessment.
This property would best suit a first-time buyer, an investor looking for a rental property, or a downsizer seeking a manageable home with a generous yard. Its value proposition is grounded in land size and affordability rather than modern finishes or square footage, making it a project-friendly option for those willing to invest sweat equity or a straightforward, lower-maintenance holding.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price?
Assessed values in Manitoba are for tax purposes and are not intended to reflect current market value. The sale price from 2021 is a better indicator of its market worth at that time, though market conditions have since evolved.
2. What does the lot size ranking mean for me?
Ranking in the top 16% for land area in Melrose means this property has a larger yard than most in the immediate area. This is a relative advantage for privacy, outdoor activities, or future development potential compared to neighbouring homes.
3. Is a house from 1955 going to need major repairs?
While the building is of average age for its neighbourhood, any home over 70 years old will require a thorough inspection. Key systems like plumbing, electrical, roofing, and the foundation should be evaluated. Its "around average" age ranking suggests similar maintenance expectations as many other homes on the block.
4. Who provides the exact historical sold price, and why is it not public?
The exact sale price is managed by the local real estate board. The listing service offers to provide it manually via email as a verified data point, which can be helpful for accurate historical comparison without requiring a direct realtor inquiry.
5. How does the living area compare to nearby homes?
At 816 sqft, the home is smaller than the average on its street (~1,005 sqft) but very close to the Melrose area average (~973 sqft). This indicates it's a typically sized home for this specific community, which may consist of many similar, compact post-war houses.