Property Overview: 216 Melrose Avenue E, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and established neighbourhood character. Its most standout feature is the generous 1,488 sqft of living area, which ranks in the top 4% for its immediate street and broader Melrose area, offering significantly more interior space than most comparable local homes. Built in 1946, it is a classic post-war property with a larger-than-average lot for the neighbourhood at 4,457 sqft, providing good outdoor space.
The appeal lies in this above-average interior footprint coupled with a managed investment profile. The assessed value is consistently above average for the local area, yet remains around the median city-wide, suggesting a solid value proposition within a desirable location. Recent sale history indicates steady appreciation. This property would suit a buyer looking for a character home with ample room to grow into, who values a established community feel over a brand-new build, and who appreciates a home that already stands out in its immediate context for its size and lot.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1946, the home is typical for its established neighbourhood. While its age is greater than the Winnipeg average, this is balanced by its prime ranking for living space locally. Buyers should budget for updates common to homes of this era, but can also expect the character and build quality of a well-maintained property from this period.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($31.70k for taxation purposes) is a benchmark, not a market price. The home’s last recorded sale was in the $250k-$300k range in 2021. Its assessed value ranking well above local averages suggests municipal assessment recognizes its premium attributes relative to the area, but the market will determine the final price.
3. What does the "top 4%" ranking for living area actually mean?
This statistic means that, compared to similar homes on Melrose Avenue E and in the Melrose area, this home has more living space than 96% of them. It is a notably spacious home in its specific local context, which is a key differentiator.
4. The city-wide lot size ranking is lower. Does the property have a small yard?
Not at all. While the lot is smaller than the Winnipeg average (which includes newer suburbs with larger plots), at over 4,400 sqft it is actually larger than the average lot for both the street and the Melrose area. It offers a very respectable yard size for its established neighbourhood.
5. How can I find out the exact historical sold prices?
Exact sale prices are not publicly displayed in detail. The listing service offers to provide this information manually via email upon request, with the data sourced from public records over the last decade.