Property Overview: 450 Melrose Avenue W
Key Characteristics & Appeal
This home at 450 Melrose Avenue W is a compact, well-situated property built in 1959. Its primary appeal lies in its efficient scale and established neighbourhood context. With 772 square feet of living space, it is notably smaller than most homes in Winnipeg, which may appeal to those seeking a low-maintenance footprint without the premium price of a newer, small condo. The assessed value of $280,000 is very typical for its immediate area, suggesting it is priced in line with local expectations rather than carrying an inflated valuation.
The lot size of 3,629 sq ft is fairly standard for the street, offering modest outdoor space. A thoughtful perspective is that while the home is smaller than city averages, its 1959 build date makes it newer than many neighbouring houses, potentially implying updates or construction methods from a more modern era. This property would suit first-time buyers, downsizers, or investors looking for an affordable entry into the market who prioritize location over size and are comfortable with a home that requires efficient use of space.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 772 sq ft, the living area is below the average for Melrose Avenue W, where comparable homes average about 980 sq ft. It represents a more compact option on the street.
2. Is the assessed value high for this area?
No, the $280,000 assessment is around the median for the immediate area, ranking it almost exactly in the middle when compared to its neighbours on Melrose Avenue W.
3. How old is this home relative to others in Winnipeg?
Built in 1959, it is newer than about 75% of homes on its street and in the broader Melrose area. City-wide, its age is fairly typical, sitting close to the median benchmark.
4. What have similar properties recently sold for?
Based on public data, this property sold in the $250,000–$300,000 range in both 2021 and 2023. These sale prices placed it in the top third of sales for the local area at those times.
5. How can I find out the exact historical sold prices?
The exact sold prices are not published publicly. You can request this information by email via the button on this page; the service provides the accurate figures manually at no cost and without marketing spam.