Property Overview
This 805 sqft home at 133 Pandora Avenue W in Winnipeg's Melrose neighbourhood presents a specific and practical value proposition. Built in 2007, it is a notably modern property within its context, ranking in the top 6% for year built on its street and the top 5% in the broader Melrose area, where many homes are decades older. Its assessed value is above average for Melrose, suggesting it is a well-regarded asset in the local market. The living space is compact, below the city-wide average, situated on a modestly sized lot. The home last sold in the $300k-$350k range in 2023.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern construction within an established neighbourhood. Buyers gain the benefits of a relatively contemporary build (19 years old) – which often means updated systems, materials, and layouts – without being in a new suburban development. Its manageable size and lot offer lower maintenance, making it suitable for first-time buyers, downsizers, or investors seeking a modern, low-upkeep property. The above-average assessed value for the area indicates a perceived quality or desirability that outpaces many neighbouring homes. It would best suit a pragmatic buyer who prioritizes a newer build and efficient layout over expansive square footage or a large yard, viewing it as a comfortable, turn-key entry into the market.
Frequently Asked Questions
1. How does the home's modern build compare to the neighbourhood?
It is a standout feature. The home was built in 2007, making it significantly newer than most homes on Pandora Avenue W (average year built ~1957) and in the Melrose area (average ~1947). This places it in the top 5-6% of homes locally for its age.
2. Is the living space small for the area?
The 805 sqft living area is slightly below the average for similar homes on its specific street (~1,005 sqft) but is actually very close to the average for the wider Melrose area (~973 sqft). It is, however, notably smaller than the Winnipeg city-wide average.
3. What does the above-average assessed value for Melrose indicate?
With an assessed value ranking in the top 24% for the Melrose area, this suggests the property is valued higher than many of its neighbours. This can reflect its newer condition, specific location within the area, or improvements, positioning it as a higher-tier property in the local market.
4. How does the lot size impact the property?
The 3,334 sqft lot is smaller than the average for the street and the city. This translates to less exterior maintenance and yard work, which can be an advantage for those not seeking extensive outdoor space, but may be a consideration for those wanting a larger garden.
5. Where can I see more detailed context about the location and nearby homes?
You can open the dedicated neighbourhood analysis page for this property to view it on a map alongside nearby houses, comparing details like year built, living area, and lot size directly with its neighbours.