Property Overview: 567 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Melbourne Avenue in the Munroe West neighborhood presents a distinct value proposition centered on space and location. Its key characteristic is a generous 1,249 sqft of living area, which is notably larger than most homes on its street and in the immediate area. This makes it a standout for buyers seeking more interior room without a premium price tag, as the assessed value remains in line with local averages.
The appeal lies in this balance of above-average space at a manageable value. While the home is a century old (built 1925) and sits on a slightly smaller-than-average lot for the area, it offers a practical footprint in a established neighborhood. It would suit a first-time buyer or a small family looking for character and more room to grow compared to newer, often smaller, builds in its price range. A thoughtful perspective is that its "below average" city-wide metrics on value and lot size actually highlight its affordability within Winnipeg, positioning it as a pragmatic entry into the market with the trade-off being an older home requiring potential updates.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living space is a key feature. At 1,249 sqft, it is significantly larger than the average home on Melbourne Avenue (~882 sqft) and in the Munroe West area (~958 sqft).
2. Is the assessed value reasonable for the neighborhood?
Yes. The assessed value of $272,000 is very close to the average for both the street and the Munroe West area, suggesting it is priced consistently within its immediate market.
3. What should I consider about the age of the home?
Built in 1925, the home is older than most in the city. This typically means potential for character but also a need for a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation.
4. How have the property’s values changed recently?
Previous sales data shows the home sold between $250k-$300k in 2020 and between $150k-$200k in 2019. This indicates significant appreciation over that period, though past performance is not a guarantee of future value.
5. Where can I get exact historical sale prices?
The site provides estimated price ranges. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.