Property Summary: 217 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home stands out in its Melrose neighborhood for its modern build and strong value. Built in 2017, it is significantly newer than most homes on the street and in the wider city, placing it in the top 3-5% for year built locally. This translates to less immediate concern for major system updates and likely modern building standards.
Its primary appeal lies in this combination of new construction within an established area. The 936 sqft living space is typical for the immediate vicinity, offering a manageable size for efficient living. Notably, its assessed value ranks in the elite top 4-5% for the street and neighborhood, suggesting it is viewed as a higher-value property relative to its local peers, though it is around average compared to the entire city.
The lot size (2,860 sqft) is below average for the area, which may appeal to buyers seeking a newer home with less yard maintenance. Conversely, it may not suit those prioritizing expansive outdoor space.
This property would best suit first-time buyers or downsizers looking for a modern, low-maintenance home in a settled neighborhood without the quirks or renovation demands of an older house. It’s also a sensible option for value-focused investors or buyers attracted to a property that holds a strong assessed value position within its community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessed value ranks in the top 4% for Melrose Avenue W. This is likely due to the home's very recent construction (2017) compared to the street's average build year of 1948, meaning it has newer materials, systems, and modern amenities that increase its valuation.
2. What does the "below average" land area mean for me?
The lot is 2,860 sqft, which is about 30% smaller than the local average. This means a more manageable yard with less maintenance, but potentially limited space for large additions, pools, or extensive gardening compared to neighbors.
3. The home sold three times in recent years (2019, 2021, 2022). Is that a concern?
The recent sale history indicates a property that has changed hands several times in a short period. While the reasons are not specified, it warrants asking your real estate agent to investigate the context. It could be due to investor activity, personal circumstances of previous owners, or other factors unrelated to the property itself.
4. How does the living area compare to a typical Winnipeg home?
At 936 sqft, the living space is below the Winnipeg city-wide average (1,342 sqft). However, it is perfectly aligned with the average size of homes in both the Melrose neighborhood (~973 sqft) and on this specific street (~980 sqft). It is a comfortably sized home for the area.
5. Where can I see more details about the neighborhood and nearby properties?
A detailed neighborhood analysis map is available for this listing. It allows you to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.