375 Melbourne Avenue

Property Overview: 375 Melbourne Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 795 sqft home, built in 1999, presents a compelling mix of modern convenience and established neighbourhood character. Its primary appeal lies in its relative newness compared to its surroundings; it ranks in the top 3% for year built both on its street and in the Munroe West area, where most homes are decades older. This suggests fewer immediate concerns about aging major systems and potentially more contemporary layouts.

The property holds a strong assessed value of $306,000, placing it above average for its immediate locale (top 10% on its street, top 21% in Munroe West). This indicates it is a higher-value home within its specific community context, though it sits around the city-wide average. The living space and land size (3,575 sqft) are modest and below average for the area, framing this as a efficient, lower-maintenance property rather than a spacious one.

This home would suit a first-time buyer, downsizer, or investor seeking a modernized property in a mature neighbourhood without the premium of a brand-new build. It’s ideal for someone who prioritizes a newer structure and a solid valuation position on the block over having a large lot or interior square footage. A thoughtful perspective is that its smaller scale and newer build could translate to lower utility and upkeep costs compared to larger, older neighbourhood homes, offering a practical balance.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to nearby properties?
At 795 sqft, the living area is below the average for both Munroe West (958 sqft) and the specific street (882 sqft). This positions it as a more compact, efficient living space.

2. Why is the assessed value notably higher than neighbours on the same street?
With an assessed value in the top 10% for Melbourne Avenue, its significantly newer construction year (1999 vs. a street average from 1942) is a key factor, as newer builds typically command higher assessments due to modern materials and systems.

3. What does the "Elite" ranking for year built mean?
It means this home is newer than approximately 97% of comparable properties on its street and in the Munroe West area. This is a standout feature in an older, established neighbourhood.

4. Is the lot size a limitation?
The land area is below average for the area. This means smaller outdoor maintenance but also less potential for expansion or large-scale landscaping compared to other lots nearby.

5. Where can I find exact historical sold prices for this property?
The site provides sold price ranges for context. To obtain fully verified and exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.