Property Overview: 433 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home stands out primarily for its modern build and efficient use of space. Constructed in 2019, it is a notably newer property compared to most homes on its street and across Winnipeg, placing it in the top 2-4% for year built. This translates to modern building standards, systems, and less immediate maintenance worry.
Its appeal lies in a smart balance: it offers a comfortable 1,337 sqft of living area, which is spacious compared to many nearby homes, but on a smaller, low-maintenance 2,700 sqft lot. The assessed value is strong for the immediate area, ranking in the top 4% on its street, suggesting it is a premium property within its local context.
This property would suit buyers seeking a modern, move-in-ready home without the upkeep of a large yard. It’s ideal for professionals, small families, or downsizers who prioritize interior space and contemporary amenities over extensive outdoor land. The data suggests it offers a "lock-and-leave" convenience in a neighborhood of older, traditionally larger-lot homes, providing a distinct, low-maintenance lifestyle.
Section 2: Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the city and street, this means less yard maintenance and lower exterior upkeep costs. It positions the home as a more efficient, modern property type within an established neighborhood.
2. The assessed value seems high for the street but average city-wide. What does this mean?
This indicates the home is a premium property within the specific Melrose area, likely due to its new construction and size. The city-wide average comparison includes a vast mix of property types and locations, so its strong local standing is the more relevant point for value.
3. What can the 2019 sale price range tell me?
The prior sale price (CA$300k–350k) provides a historical benchmark. Comparing this to the current assessed value and any future asking price can help gauge market trends and the property’s appreciation in the area.
4. Are there other new homes nearby?
The data shows it is an outlier in age on its street, where the average home was built in 1948. This can be an advantage for modern comforts but may mean the immediate streetscape has a more traditional character.
5. How useful are the provided "nearby" and "similar value" comparisons?
These listings are helpful for a quick visual scan of alternatives. The "similar assessed value" homes show what price point you could find in other neighborhoods, while the "nearby properties" give direct context for lot sizes and home ages on the same block.