Property Overview
This 1,096 sqft bungalow at 308 Melrose Avenue E presents a solid, well-positioned home in Winnipeg's Melrose neighbourhood. Built in 1958, it sits on a generous 4,512 sqft lot. The data suggests its primary appeal lies in its strong relative value within its immediate area. Its assessed value ranks in the top 15% for the Melrose area, indicating it is viewed as a higher-value property on its street and in the local community compared to many of its neighbours. Meanwhile, its living space is comfortably above the local average. This combination points to a home that offers good space and perceived value in its specific location. It last sold in the 2022 price range of CA$250k–300k.
The property would likely suit practical, value-conscious buyers such as first-time homeowners looking for a spacious starter home with room to grow outdoors, or investors seeking a property with strong fundamentals in a stable neighbourhood. Its above-average assessment for the area could also appeal to those who see long-term potential, believing the neighbourhood is on an upward trend.
Frequently Asked Questions
How does this home’s value compare to others nearby?
The home’s assessed value is notably above the average for both Melrose Avenue East and the wider Melrose area, ranking in the top 15%. This suggests it is considered a higher-value property in its immediate locale.
Is the living space typical for the area?
Yes, at 1,096 sqft, the living area is above the local average. It ranks in the top 25% on its street and top 24% in the Melrose area, offering more interior space than many comparable homes nearby.
What should I know about the age of the home?
Built in 1958, the home is newer than many in the Melrose area, where the average comparison home was built around 1947-1948. Buyers should still budget for maintenance and updates consistent with a home of this era.
How does the lot size compare?
The 4,512 sqft lot is slightly larger than the average lot in the immediate area, offering a bit more outdoor space than many neighbouring properties.
Where can I see more detailed context about the neighbourhood?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby homes with detailed comparisons for year built, living area, assessed value, and lot size.