Property Overview: 450 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1948 home in Munroe West presents a practical and well-situated offering. Its primary appeal lies in its strong local positioning. With 937 sqft of living space, it is notably above average for its specific street (top 30%) and comfortably on par for the wider Munroe West neighborhood. This suggests a home that feels spacious within its immediate context without the premium or maintenance burden of a much larger city-wide property. The assessed value of $263k follows a similar pattern, being very typical for Melbourne Avenue and the broader area, yet positioned below the Winnipeg city average, indicating relative value within a established community.
The lot size of 4,599 sqft is solid for the area, offering decent outdoor space. The home’s age (78 years) is typical for the neighborhood, appealing to buyers comfortable with the character and potential update cycles of a post-war house. It suits first-time buyers seeking a manageable entry into a stable area, downsizers looking for a reasonably sized home without a sprawling lot, or value-focused investors attracted to a property priced below city averages but competitive in its local market. A thoughtful perspective is that this property represents a "local optima"—it may not lead city-wide rankings, but it offers a balanced, above-average package within its own desirable micro-market.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to its neighbors?
At 937 sqft, the living area is larger than the average home on Melbourne Avenue (882 sqft avg.) and is competitive within the Munroe West area. It offers more interior space than many direct comparables on the same street.
2. Is the assessed value in line with recent sale prices on the street?
The home last sold between $200k-$250k in late 2022. Its current $263k assessment is slightly above that sale price range but remains very close to the current street average assessed value of approximately $257.7k.
3. What does the "below average" city-wide ranking mean?
For metrics like living area and assessed value, being "below average" city-wide primarily reflects that newer suburban developments and larger home styles pull the overall Winnipeg averages up. This is common for established, older neighborhoods and often correlates with a more affordable entry point.
4. How old is this home compared to others nearby?
Built in 1948, it is slightly newer than the average home on Melbourne Avenue (avg. year built ~1942) and for Munroe West overall (~1945). It is a characteristic post-war home for the area.
5. Can I get the exact historical sale price?
The public data shows a sold price range. To obtain the exact sale figure, you must request a manual lookup via email from the site, as they do not display MLS sold records due to industry regulations.