Property Overview & Key Characteristics
This home at 121 Melrose Avenue W presents a compelling mix of space, location, and value. Its primary appeal lies in its above-average living area for the immediate neighborhood. At 1,285 sqft, it offers significantly more interior space than most comparable homes on its street and in the Melrose area, ranking in the top 13% and 11% respectively. This makes it a standout for buyers seeking more room without necessarily moving to a larger, more expensive lot.
Built in 1926, the home is a century-old character property, typical for its street but older than the Winnipeg average. The lot size is modest, below the local and city-wide averages, which suggests a lower-maintenance yard. The assessed value is notably below the city-wide average, indicating a potentially more accessible price point within Winnipeg.
This property would suit a first-time buyer or a downsizer who prioritizes interior square footage and neighborhood character over a large yard or a newer build. It’s ideal for someone looking for a home with space to grow into within a well-established community, who is also prepared for the realities and potential charm of maintaining a 100-year-old house.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
This home offers more interior space than most in the immediate area. At 1,285 sqft, it is about 300 sqft larger than the average for comparable homes on Melrose Avenue W.
2. What should I consider with a home built in 1926?
As a century-old home, it likely possesses character and solid construction. Prospective buyers should budget for potential updates to older systems (like wiring or plumbing) and consider a thorough inspection to understand the condition of the original features and structure.
3. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on municipal valuation for tax purposes and is influenced by the home’s age, lot size, and local market trends. Its value is typical for the Melrose area but sits below the Winnipeg average, which can be attractive for property taxes.
4. Is the lot size a limitation?
At just over 3,000 sqft, the lot is smaller than most in Winnipeg. This means less yard maintenance, but also less private outdoor space. It’s a practical choice for those who prefer gardening in a manageable area or who prioritize indoor living space.
5. How can I find out the exact historical sale prices?
The listed sale price ranges are based on public data. To obtain the precise sale price history, you can request it via email from the listing service. They provide this detail manually and state they do not use email addresses for unsolicited marketing.