Property Overview
18 Melonlea Cove is a well-situated home in Winnipeg’s River East neighbourhood, built in 1975. With 1,076 square feet of living space on a 5,490 square foot lot, it presents a balanced offering for its area. The home’s assessed value of $381k is notably above the street average, positioning it as a premium property on its block. Its appeal lies in offering more land than most neighbouring lots and a value that has historically performed well within its immediate surroundings. It would suit practical buyers looking for a established neighbourhood, those who value a larger yard over above-average interior space, and investors or homeowners attentive to strong relative value on a specific street.
Key Characteristics & Appeal
This home’s standout feature is its lot size, which is significantly larger than the average for Melonlea Cove, offering greater outdoor space and potential. While the living area is modest compared to the broader neighbourhood, it is perfectly in line with the street and city averages, suggesting a comfortable, manageable layout. The assessed value tells an important story: it ranks in the top 7% on its street, indicating this property is viewed as a higher-quality asset compared to its direct neighbours. This could be due to upgrades, condition, or its desirable lot.
The appeal is nuanced. It’s not the largest home in River East, but it represents a solid, above-average offering on its own cul-de-sac or crescent. It suits a buyer who prioritizes a stable, established community from the 1970s and sees value in a generous yard. It would also fit a buyer looking for a home with a strong assessed value foundation relative to its immediate peers, which can be a positive indicator for future resale within the same locale.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,076 sqft, the living area is very close to the average for both Melonlea Cove (1,125 sqft) and the city of Winnipeg (1,342 sqft). It is, however, below the broader River East neighbourhood average, meaning homes in the area are often larger.
2. Why is the assessed value so high compared to other homes on the street?
With an assessed value of $381k against a street average of $294k, this home ranks 3rd highest out of 46 on Melonlea Cove. This premium assessment typically reflects factors like the larger lot, recent improvements, superior condition, or favourable location on the street.
3. What is the typical lot size in the area, and how does this property compare?
The lot at 5,490 sqft is substantially larger than the street average of 4,132 sqft, ranking in the top 30%. However, it is below the River East neighbourhood average, where lots are generally larger. This means you get a bigger yard than most of your direct neighbours.
4. When was it last sold, and for roughly how much?
Records show the property was sold in August 2020. The sold price is listed in the range of CA$300k–350k, which placed it in the top 40% for its street at that time.
5. How can I get the exact historical sale price?
The provided sold price is an estimated range. To obtain the exact sale figures and full transaction history, you must request a manual lookup from the site via email, as this data is not sourced from the MLS.