Property Overview: 519 Melrose Avenue W, Winnipeg
Key Characteristics & Appeal
This home stands out as a modern, above-average residence in its established neighbourhood. Built in 2020, it is notably newer than most homes on its street, in the Melrose area, and across Winnipeg, placing it in the top 1-3% for year built. Its primary appeal lies in its generous 1,621 sqft of living space, which ranks in the top 3% locally and is significantly larger than area averages of about 980 sqft. This combination of new construction and spacious interior offers a move-in-ready experience with modern building standards and minimal immediate maintenance.
The property’s assessed value is among the highest on the street and in the immediate area, indicating its premium standing in the local market. However, its city-wide assessment is more aligned with the average, suggesting its value is particularly anchored to its desirable micro-location. The lot size is fairly typical for the street but is below the city-wide average, a common trade-off for a newer, larger home in a mature neighbourhood.
This home would ideally suit buyers looking for modern comfort without sacrificing established community character. It’s a strong fit for professionals or small families who prioritize interior space and contemporary amenities over a vast yard, and who value being in a neighbourhood where their home is among the newest and most spacious.
Frequently Asked Questions
1. How does the lot size impact this property?
While the lot is smaller than the Winnipeg average, it is consistent with others on Melrose Avenue. This reflects the efficient use of space for the home's footprint and is a typical feature of newer infill construction in established areas.
2. The assessed value seems high for the street but average for the city. What does this mean?
This indicates the home is a premium property within its immediate context. The assessment reflects its modern build and larger size compared to older, smaller neighbours. The city-wide comparison suggests that for a home of this age and size, the value is in line with broader market expectations.
3. What are the implications of the home being built in 2020?
Beyond modern systems and likely better energy efficiency, it means major components like the roof, furnace, and appliances are relatively new. This can translate to lower near-term repair costs and may still be under some original warranties.
4. How accurate is the sold price range shown?
The provided range is based on public data. For the exact historical sold price, you can request it via email from the site. They provide this detail manually and do not use the request for marketing spam.
5. What is the neighbourhood context for a home like this?
The data shows this is one of the newest and largest homes in the area. This can be appealing but also means its architectural style and scale may differ from older neighbours. It’s advisable to review the neighbourhood map analysis to visually compare it with nearby properties.