Property Overview: 415 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This 972 sqft bungalow, built in 1987, stands out in its Munroe West neighbourhood for its modern age compared to the area's predominantly mid-century housing stock. Its key appeal lies in a compelling balance: it offers a relatively contemporary home without the premium often associated with new builds in the city. The living space is efficient and above average for its immediate street, while the assessed value of $301k positions it as a strong value within the local market, ranking in the top 25% of the area.
The property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a newer building envelope (potentially meaning fewer major maintenance concerns in the short term) over a larger lot size. The below-average land area suggests a manageable yard, appealing to those seeking lower maintenance. It’s a home for someone looking to enter a stable neighbourhood not with a fixer-upper, but with a dwelling that already has the advantages of more modern construction standards.
Frequently Asked Questions
1. How does the 1987 build year affect this property?
Being built in 1987 makes this home notably newer than most in Munroe West, where average build years are from the 1940s. This likely means updated electrical, plumbing, and insulation standards, which can translate to better energy efficiency and fewer immediate major renovations.
2. The lot is smaller than average. Is that a significant drawback?
It depends on your lifestyle. The 3,579 sqft lot is manageable and requires less upkeep, which is a plus for many. However, it may limit expansion possibilities or offer less private outdoor space than other homes on the street.
3. The assessed value seems high for the area. Why?
The $301k assessment ranks in the top 12% on its street. This is likely a direct reflection of the home’s newer age and condition compared to its older neighbours, as assessed value considers the property’s state and replacement cost.
4. What can the 2021 sale price range tell me?
It sold for an estimated $350k-$400k in late 2021, near a market peak. This provides a historical benchmark, but current value will be influenced by today’s market conditions, interest rates, and any updates made since then.
5. How can I get the exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to data sourcing rules. You can request the exact figures by emailing them directly for a manual lookup, which they provide without using your email for marketing.