Property Overview: 546 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic 1924 bungalow in Munroe West, offering a compact and efficient 788 sqft of living space on a 3,300 sqft lot. Its core appeal lies in being a notably affordable entry point into the Winnipeg market, with a current assessed value of $197k—significantly below area and city averages. The data suggests a property that prioritizes function and location over size or modern amenities.
The home would suit first-time buyers or investors seeking a lower-cost foothold in a stable neighbourhood. Its below-average costs for taxes and potential renovations could appeal to hands-on buyers comfortable with a century-old home's character and maintenance. A thoughtful perspective is that its smaller scale and lot size translate to less upkeep and lower utility costs, which can be a sustainable and budget-friendly choice. While not the largest or newest on the block, it represents a practical, no-frills option in a city where average home values are considerably higher.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $197k is for municipal tax purposes. The recent sold price range (CA$200k–250k) is a better indicator of its actual market value, though an exact price requires verification.
2. What are the implications of the home being built in 1924?
Expect character features but also the potential for aging components like plumbing, electrical, or the foundation. A thorough inspection is essential. The home is older than most in the immediate area and citywide.
3. The lot size is below average. Is that a major drawback?
It depends on your priorities. The smaller lot means less yard maintenance but also less private outdoor space. It is consistent with many older neighbourhood layouts but is smaller than newer developments.
4. How does this property compare to its neighbours?
The data shows it is smaller in living area, lot size, and assessed value than most homes on Melbourne Avenue and in Munroe West. This indicates it is a more modest property within a neighbourhood of relatively larger, higher-value homes.
5. How can I get the exact historical sold prices?
The site does not display MLS sold records. You must request the exact figures by email for a manual lookup, as provided in the data notes.