Property Overview: 511 Pandora Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This 936 sqft home, built in 1965, presents a practical and affordable entry point into Winnipeg’s Melrose neighbourhood. Its key appeal lies in its manageability and value positioning. The living space is typical for the immediate area and Melrose, making it a comfortable size for a small household. A notable characteristic is the lot size of 2,970 sqft, which is compact relative to many Winnipeg properties; this translates to lower maintenance demands, a significant consideration for those seeking a simpler yard.
The home’s assessed value is notably below the city-wide average, highlighting its affordability. This is a property that suits first-time buyers, downsizers, or investors looking for a lower-entry-cost option in a central neighbourhood. Its appeal is grounded in practicality rather than luxury—offering a chance to own a home with straightforward upkeep in an established community. A thoughtful perspective is that its newer construction date (compared to many in Melrose) may mean fewer immediate concerns with aging infrastructure common in older homes.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
At just under 3,000 sqft, the lot is significantly smaller than the average for the street, area, and city. This means less outdoor maintenance, but also limited potential for expansions or large outdoor living spaces.
2. Is the assessed value a reliable indicator of the market price?
The assessed value is for tax purposes and is often below market value. This home’s assessed value is in the lower tiers city-wide, suggesting a relatively affordable entry point, but the final sale price will be determined by the current market.
3. What does the sold price history indicate?
Records show it last sold between $200k-$250k in 2023. This recent sale provides a concrete benchmark for its market value in the modern market, beyond the older assessed value figure.
4. Who might this property not suit?
It may not suit buyers looking for a large yard, extensive space for growing a family, or a home with size and values well above the city average. The compact lot and average-sized living area are key considerations.
5. How can I get more precise historical data?
The exact sold prices are not publicly listed in detail. The listing service offers to provide this information manually via email request, with a promise of a prompt reply and no marketing spam.