Property Overview: 553 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Melrose Avenue E presents a solid, no-fuss opportunity in Winnipeg. Built in 1960, it’s a newer construction compared to many in its immediate area, which may suggest fewer concerns with aging infrastructure found in older neighbourhood homes. With 1,043 sqft of living space and a 4,307 sqft lot, it offers standard room sizes and outdoor space that are comfortably in line with local norms.
The standout feature is its assessed value of $35,600, which ranks in the top 6-8% for its street and neighbourhood. This indicates the property is formally valued significantly higher than many around it, which could reflect better condition, updates, or desirable attributes not immediately obvious from the basic data. Its last known sale was between $250k-$300k in 2020.
The appeal lies in its position as a seemingly well-regarded property within a mature, established setting. It suits practical buyers looking for a straightforward home in a neighbourhood where values are consistent. It would particularly fit someone who appreciates a house that stands out positively on municipal assessments compared to its peers, potentially offering a stable foundation for value.
Section 2: Frequently Asked Questions
1. What does a high assessed value ranking actually mean?
It means the city’s property assessment for this home is notably higher than for most similar properties on the same street and in the broader Melrose area. This often reflects factors like renovations, additions, or superior condition that have been formally recognized.
2. How does the 1960 build year compare?
While average city-wide, this home is newer than many in its specific neighbourhood, where the average comparison home was built around 1948. This can be an advantage, potentially meaning updates to major systems (like plumbing or electrical) may have been needed later than in pre-1950s houses.
3. Is the living space small?
At 1,043 sqft, it’s slightly above the local average for comparable homes in Melrose (~973 sqft) but below the Winnipeg city-wide average. It represents a typical size for the area, suitable for a small family, couple, or individual.
4. Can I find out the exact past sale price?
The provided sale history shows a range. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing.
5. How does the lot size impact potential?
The lot is just over 4,300 sqft, which is typical for the area. It offers standard backyard space for gardening or recreation but is not an unusually large or subdividable parcel, especially when compared to newer suburban lots city-wide.