Property Summary: 126 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1945-built bungalow, offering a practical and grounded living option in Winnipeg's Melrose neighbourhood. With 980 sqft of living space and a notably generous 4,786 sqft lot, it presents a balance of a manageable interior footprint with above-average outdoor space for its immediate area. The assessed value is modest and in line with local norms, a pattern reflected in its recent sale history.
Its primary appeal lies in its positioning as a stable, no-surprises property within an established community. It suits first-time buyers seeking an entry point into the market without overextending financially, or practical investors looking for a straightforward rental property with a good lot size. A less obvious perspective is its potential for someone valuing garden space or future expansion over a large interior, as the lot size ranks in the top third for the street. It’s a home for those who prioritize neighbourhood consistency and lot potential over modern size trends, as its living area is below the citywide average.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows it is very typical for Melrose Avenue E and the broader Melrose area in terms of living space, age, and value. Its standout feature locally is its land area, which is larger than many neighbouring lots.
2. What is the likely price range based on recent sales?
The property sold twice in recent years (2020 and 2023), with both recorded sale prices in the range of CA$200k–$250k. This provides a clear, recent benchmark for its market value.
3. Is the assessed value the same as the market value?
No. The assessed value for this property is $26,700, which is used for calculating property taxes. Market value, indicated by recent sales, is significantly higher, as is common in Winnipeg.
4. What does the "below average" city-wide ranking mean?
For metrics like living area and assessed value, this means the property is smaller and has a lower assessed value than the typical Winnipeg home. This reflects the character of older, established neighbourhoods compared to newer city developments.
5. How can I find out the exact historical sold prices?
The exact sold prices are not published publicly. You can request them directly via the email link provided on the listing page; the service aims to provide the accurate figures manually by the end of the same day.