Property Overview: 110 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its contrasts. Its primary appeal is a well-sized living area of 1,124 sq ft, which ranks in the top 21% for size both on its street and in the broader Melrose area, offering more interior space than many nearby comparables. This makes it a practical choice for small families, first-time buyers, or those seeking a comfortable footprint without a sprawling layout.
However, its character is shaped by other factors. Built in 1912, it is a century-old property, meaning it will likely appeal to buyers who appreciate classic construction or are prepared for the maintenance and potential renovation projects that come with an older home. The assessed value is notably below average across all comparison levels, which can indicate an accessible entry point into the market, but it also reflects the home’s age and a smaller-than-average lot size (2,925 sq ft). This lot size offers lower maintenance but less private outdoor space.
The property suits pragmatic buyers: those who prioritize interior space over a large yard, see potential in a historic home, and are attracted by a value assessment that sits below area norms. It’s less suited for those seeking a modern, turn-key property or extensive outdoor privacy.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on factors including the home’s age (1912), its smaller lot size relative to the city, and its specific location. It reflects the municipal valuation for tax purposes, not necessarily the current market price, but indicates a historically more affordable entry point.
2. What does the "above average" living area ranking mean in context?
While the home offers more interior space than many on its street and in the immediate area, it is close to the city-wide average. The key takeaway is that for this specific neighbourhood, the house provides a relatively spacious interior.
3. As a 114-year-old home, what should I consider?
Prospective buyers should budget for potential updates to older mechanical systems (like plumbing or wiring), insulation, and windows. An inspection is crucial. The trade-off is often classic craftsmanship and character not found in newer builds.
4. How reliable are the past sold price ranges shown?
The listed price ranges are based on public data. For the exact historical sold prices, you must request the information directly via the provided email service, as this data is manually verified.
5. The lot is smaller than most in the city. What are the implications?
This means lower maintenance for landscaping and snow clearing, which can be a benefit. However, it may limit options for additions, decks, or extensive gardening. It’s important to view the property in person to gauge the outdoor space for your needs.