Property Overview: 111 Melrose Avenue W
Key Characteristics & Appeal
This home presents a compelling mix of space, location, and value. Its primary strength is its generous 1,160 sqft living area, which ranks in the top 17-18% for its immediate Melrose neighborhood and street. This means it offers significantly more interior space than most comparable homes nearby, which average around 980 sqft. The assessed value of $300k is consistent with the local area, positioning it as a fairly typical investment for the Melrose community.
The appeal lies in this above-average spaciousness within a mature, established neighborhood. It suits buyers looking for a character home built in 1920, who prioritize interior room over a large yard, as the lot is smaller than area averages. It’s a practical choice for someone wanting to be in a specific community without paying a premium for land size, and for whom updates and the considerations of an older home are a worthwhile trade-off for location and interior volume. A thoughtful perspective is that while the property is older and on a smaller lot city-wide, its strong interior space ranking locally suggests it may be a "larger fish in a smaller pond," offering more house for your dollar within that specific, desirable streetscape.
Frequently Asked Questions
1. How does the home’s size compare to others in Winnipeg?
City-wide, the living area is around the median (Top 54%), meaning it’s a fairly average-sized home across all of Winnipeg. Its standout spaciousness is specifically within the context of the Melrose area.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $300k is used for property tax calculation. The last recorded sale was between $250k-$300k in 2021. Market conditions, the home’s condition, and updates since then will determine the final sale price.
3. What are the implications of the smaller land area?
At 2,780 sqft, the lot is below average for the street, neighborhood, and city. This typically means lower exterior maintenance and potentially a smaller yard, but also limits expansion possibilities like large additions or pools.
4. The home was built in 1920. What should I consider?
A 106-year-old home likely has classic charm but requires diligent inspection for aging components like wiring, plumbing, insulation, and the foundation. It may also have heritage character details that are desirable but come with their own maintenance considerations.
5. Where can I see more detailed comparisons with neighboring properties?
You can use the provided link to open the neighbourhood analysis page, which maps nearby homes and allows you to compare details like year built, living area, and lot size side-by-side.