Property Overview & Key Characteristics
This home at 605 Melrose Avenue W presents a solid, grounded opportunity in Winnipeg's Melrose neighbourhood. Built in 1959, it is a newer construction compared to many homes on its street and in the immediate area. Its primary appeal lies in the balance it strikes: a comfortable 1,002 sqft living space situated on a notably generous lot of nearly 5,000 sqft, which is larger than most neighbouring properties. This combination suggests good value for the lot size and a home that is well-sized for its locale.
The assessed value is above average for both the street and the broader Melrose area, indicating that the property is viewed favourably relative to its direct peers. A less obvious perspective is that while the home's size is modest by city-wide standards, its above-average positioning within its own community highlights the value of location and lot size over sheer square footage here. It would suit a first-time buyer or downsizer looking for a manageable home with valuable outdoor space in an established neighbourhood, without the premium or maintenance of a much larger city-wide property.
Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows this property is consistently above average for its immediate area in key metrics like lot size, assessed value, and year built. Its living area is on par with local averages, making it a competitively sized home for the Melrose neighbourhood.
2. What is the potential for expansion or renovation?
The lot size is a significant asset, being larger than most on the street. This could provide flexibility for future additions, a garage, or landscaping projects, subject to local zoning and permit approvals.
3. What can the past sale price tell me?
The home sold between $300k-$350k in 2021. This provides a recent market benchmark, but the current assessed value and market conditions will be the primary drivers for today's listing price.
4. Is the age of the home a concern?
Built in 1959, the home is newer than many in the area. While this can mean updated systems compared to pre-war homes, a standard inspection is always recommended to assess the condition of the roof, wiring, plumbing, and foundation.
5. How can I get more precise historical data?
The exact historical sold price is available upon request from the listing service. You can provide your email to receive the precise figure, as publicly displayed prices are often presented as a range.