608 Melrose Avenue E

Property Overview

This one-and-a-half storey home at 608 Melrose Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical opportunity. Built in 1915, its key characteristic is its modest, manageable scale. With just over 1,000 square feet of living space and a 3,300 sqft lot, it sits around the average size for its immediate street but is notably more compact than typical Winnipeg homes. It features a detached garage and a basement that is present but not renovated.

The appeal lies in its straightforwardness and location. It suits a first-time buyer, an investor, or someone looking to downsize into a home without excessive space to maintain. Its assessed value is significantly below both neighbourhood and city averages, which can indicate a more accessible entry point into the market. A thoughtful perspective is that while the home is older than nearly all others in the area, this can sometimes translate to a larger, more established lot or a unique character not found in later builds. The data suggests it's a home that doesn't stand out in its local context, which can be an advantage for those seeking value without competition for a premium property.

Frequently Asked Questions

1. Is this a small house?
Yes, at 1,024 sqft, it is more compact than the average Winnipeg home. However, it is quite typical for its specific street and the Kildare-Redonda area, making it a sensible size for the location.

2. Why is the assessed value so much lower than the city average?
The assessed value of $250k is below average for Winnipeg, reflecting factors like the home's smaller size, older age, and the specific market values within its neighbourhood compared to newer or larger suburban areas.

3. What does "basement not renovated" mean?
This indicates the basement is unfinished or in its original state. It provides functional space and storage but would require investment to convert into modern living space.

4. The home is very old. Should I be concerned?
Built in 1915, it is older than over 99% of homes in the neighbourhood. This necessitates a particularly thorough inspection to assess the condition of foundational elements, plumbing, and electrical systems, but it also often comes with solid construction and mature landscaping.

5. How does the lot size compare?
The 3,300 sqft lot is smaller than most in the wider city and neighbourhood. On its own street, however, it is closer to the average. This means outdoor space is limited but proportional to nearby properties, potentially simplifying yard maintenance.