Property Overview: 628 Melrose Avenue W, Winnipeg
Key Characteristics & Appeal
This 736 sqft bungalow, built in 1958, presents a classic Winnipeg opportunity centered on land value and location. Its primary appeal lies in its proportionally large, 4,949 sqft lot, which ranks well above average for both its immediate street and the broader Melrose area. This creates significant potential for expansion, gardening, or outdoor space—a notable advantage over newer infill properties. While the living area is compact compared to city averages, the assessed value is consistent with local norms, suggesting the price reflects the land asset rather than the home's size.
The property suits practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a smaller footprint who sees long-term potential in the lot, or an investor looking for a land-hold in a stable neighbourhood. Its recent sale history (between $200k-$250k in 2020) and current assessment indicate an accessible entry point into the market. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—a postwar property on a generous lot where the value is more about what you can do with it over time than what it offers immediately.
Frequently Asked Questions
1. Is the house too small?
At 736 sqft, the living space is below the average for Winnipeg. It would suit individuals, couples, or small families comfortable with efficient living. The trade-off is the larger-than-average lot, which offers room for future additions.
2. What does the assessed value tell us?
The assessed value of $27,500 is around average for Melrose. This indicates the property is priced consistently within its local market, with the valuation likely anchored by the land size rather than the modest home.
3. How does the lot size compare?
The 4,949 sqft lot is a key feature. It ranks in the top 24% on its street and top 22% in the Melrose area, meaning it's significantly larger than many neighbouring properties, offering more privacy and potential.
4. Is the age of the home a concern?
Built in 1958, the home is newer than many on its street. While this suggests potentially fewer immediate issues than some older houses, a thorough inspection for updates to major systems (roof, wiring, plumbing) is always recommended for a home of this era.
5. How can I find out the exact past sale price?
The listed sale price is a public data range. You can request the exact historical sale price by emailing the site via the provided button. They provide this detail manually and do not use the request for marketing spam.