Property Overview: 618 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of value and potential on a generous lot. Built in 1958, its 891 sqft living space is typical for the Melrose area but sits below the Winnipeg city average. The true standout feature is the 5,279 sqft lot, which is significantly larger than most in the immediate neighbourhood and offers ample outdoor space for gardening, expansion, or recreation.
The appeal lies in its strong value proposition within its local context. The property’s assessed value ranks in the top 13% for the area, suggesting it is viewed favorably relative to its peers. Recent sale history indicates steady appreciation. It suits practical buyers looking for a solid entry point into the market—particularly those who prioritize land size over a large existing footprint. It’s ideal for a first-time homeowner comfortable with a home of a classic era, or an investor who sees value in the substantial lot for future potential. The data suggests you’re buying a better-than-average property for the street and area, even if its size is modest by broader city standards.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to nearby properties?
At 891 sqft, the living area is slightly below the average for Melrose Avenue West (~980 sqft) and the wider Melrose area (~973 sqft). It is a more compact footprint compared to the Winnipeg city average.
2. What does the assessed value ranking mean?
The assessment of $331,000 ranks in the top 12-13% for both the street and the Melrose area. This indicates the municipal assessment is higher than most comparable nearby properties, which can reflect factors like lot size, condition, or improvements.
3. Is the lot size unusual for this neighbourhood?
Yes. The 5,279 sqft lot is over 1,000 sqft larger than the area average (~4,100 sqft), placing it in the top 16% for the neighbourhood. This is a key differentiator for the property.
4. What can recent sale prices tell me?
The home sold between $300k-$350k in 2024, a price point that ranked in the top 18% for the area at that time. This marks a significant increase from its $200k-$250k sale in 2017, showing substantial appreciation.
5. Where can I see more detailed context for this property?
A neighbourhood analysis page is available, showing this home on a map alongside nearby properties for direct comparison of year built, living area, assessed value, and lot size.