Property Overview
131 Pandora Avenue W is a well-situated home in Winnipeg's Melrose neighbourhood. Built in 2006, it offers modern construction in an area of predominantly older homes. With 805 sqft of living space on a 3,334 sqft lot, it presents a low-maintenance footprint. The property last sold in 2024 for an estimated $350k–400k and has a current assessed value of $320k.
Key Characteristics & Appeal
This home’s primary appeal is its modern age within a mature neighbourhood. Being built in 2006 places it in the top 5% of homes in Melrose for year built, meaning it likely requires fewer immediate repairs or updates compared to the area's older housing stock. Its assessed value ranks highly within the local area (top 18%), suggesting it is viewed as a solid asset relative to its immediate peers.
The living space is compact and efficient, ranking around average for the Melrose area. This, combined with a smaller lot size, translates to less upkeep—a significant advantage for those seeking a manageable property without sacrificing the stability of a established community. The recent sale history indicates steady market interest.
This property would best suit first-time homebuyers, downsizers, or investors looking for a modern, turn-key property in a central Winnipeg neighbourhood. It’s ideal for someone who values newer mechanical systems and building materials but wants to be part of a long-standing community rather than a new subdivision. The efficient size makes it practical for individuals, couples, or small families.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value ($320k) is around average for Pandora Avenue W (top 42%). However, it sold for an estimated $350k–400k in 2024, which placed it in the top 12% for sold prices on the street, indicating a strong market perception possibly tied to its modern build.
2. Is the lot size a limitation?
The lot is 3,334 sqft, which is below average for the street but around average for the wider Melrose area. It provides adequate outdoor space for a patio or garden but is not suited for extensive additions or those wanting vast yard space.
3. What are the advantages of a 2006 build in this area?
A 2006 construction is a standout feature. It typically means newer roofing, windows, plumbing, and electrical systems, potentially leading to lower maintenance costs and better energy efficiency compared to the neighbourhood’s older average home age (1947 in Melrose).
4. The living area seems small. How does it feel in context?
At 805 sqft, the living area is below the city average but is typical for Melrose. This suggests the home is designed for efficient use of space and aligns with the scale of many older bungalows in the area, though with a modern layout.
5. How can I find out the exact past sale price?
The exact sold price is not publicly listed in detail. The listing service offers to provide this information manually via email, with a promise to respond by the end of the same day without using your contact information for marketing spam.