449 Melbourne Avenue

Property Overview: 449 Melbourne Avenue, Winnipeg

Key Characteristics & Appeal

This 750 sqft bungalow, built in 1952, sits on a generous 4,477 sqft lot in Munroe West. Its core appeal lies in a compelling value proposition within its immediate context. While the living space is modest compared to broader city averages, the property’s assessed value of $304k ranks well above average for both its street and neighbourhood. This suggests a home that is perceived to offer good value or desirable attributes relative to its local peers.

The data paints a picture of a established, well-located property. It is newer than many homes on its street and offers a lot size that provides ample outdoor space and potential. The most recent sale (Fall 2021) fell within the $300k-$350k range, aligning with its strong local assessment.

This home would suit first-time buyers or downsizers seeking an affordable entry into a mature neighbourhood with room to grow outdoors. It’s also a practical fit for value-oriented investors or buyers who prioritize lot size over interior square footage and appreciate a home that stands out positively in its immediate market.

Frequently Asked Questions

1. Is the living area too small?
At 750 sqft, the home is compact. It ranks below average for size within the wider city and Munroe West area, indicating it’s best for individuals, couples, or small families. However, its efficient use of space is reflected in its above-average assessed value for the neighbourhood.

2. Why is the assessed value higher than many neighbours?
The assessment ranking in the top 23% for Munroe West suggests factors like the lot size, the home's condition, its 1952 build date (newer than many on the street), or specific improvements contribute to a higher valuation than the area's average.

3. What does the lot size offer?
The 4,477 sqft lot is a significant asset. It provides substantial private outdoor space, which is less common in newer developments. This allows for gardening, recreation, and potential for additions like a garage, shed, or deck.

4. How reliable is the sold price data shown?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via the provided email service on the listing page.

5. How does this home fit into the broader city market?
City-wide, this property is around average for assessed value but below average for living area. This highlights its positioning as a locally competitive property in Munroe West, rather than a direct competitor to larger, newer suburban homes.