218 Melbourne Avenue

Property Overview: 218 Melbourne Avenue, Winnipeg

Key Characteristics & Appeal

This 750 sqft bungalow, built in 1929, sits on a 3,600 sqft lot in Munroe West. Its core appeal lies in its established neighbourhood setting and its relative value proposition. The home’s assessed value of $281k is above the immediate street average, suggesting it is a well-regarded property on its block. However, it presents as a more compact and affordable option when viewed against wider city averages, where both living space and lot size are significantly larger.

This property would suit first-time buyers or downsizers seeking an entry point into a mature neighbourhood without a premium city-wide price tag. It’s a practical choice for those who value location and character over sheer square footage. A thoughtful perspective is that its older vintage (1929) offers classic charm but also implies a need for a buyer comfortable with the maintenance and potential update projects typical of a near-century-old home. Its above-average assessment for the street could indicate better upkeep or desirable features compared to direct neighbours, which is a subtle advantage.

Frequently Asked Questions

1. How does this home’s size compare to others?
At 750 sqft, the living area is slightly below average for Melbourne Avenue and more compact compared to most homes in both the Munroe West area and Winnipeg overall.

2. Is the assessed value high for this area?
The $281,000 assessment is above the average for Melbourne Avenue itself. It is very close to the average for the broader Munroe West neighbourhood but sits below the city-wide average, indicating good value within its immediate locale.

3. What should I consider about the age of the home?
Built in 1929, the home is older than most in the city. This often means character and established landscaping, but buyers should be prepared for potential updates to systems like wiring, plumbing, or windows, and should prioritize a thorough inspection.

4. How does the lot size impact the property?
The 3,600 sqft lot is slightly smaller than the street and area averages. This means lower maintenance but may limit expansion possibilities. It’s a manageable size for a first-time homeowner.

5. Where can I find verified past sale prices?
The site notes that exact sold price data is not displayed publicly due to industry rules. You can request the exact sale history by email, and the team will provide the verified figures directly.