Property Overview: 631 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, well-situated home built in 1958, offering a practical entry point into Winnipeg’s Melrose neighbourhood. Its key characteristic is its proportion: a 736 sqft house on a generous 4,399 sqft lot. This creates a scenario where the living space is compact and efficient, but the outdoor land area is above average for the immediate area, presenting a clear opportunity for expansion, gardening, or simply enjoying more private outdoor space than many neighbouring properties.
The appeal lies in its value proposition and potential. With an assessed value that is around average for its street and area but significantly below the city-wide average, it represents an affordable foothold in the city. The home suits first-time buyers, downsizers, or practical investors looking for a lower-maintenance property with a solid lot size. It’s not a move-in-ready showcase but a straightforward property where the value is in the land and location more than the current structure. A thoughtful perspective is that its 1958 build date makes it newer than many homes on the block, potentially meaning fewer immediate concerns with outdated building materials or systems common in pre-war homes.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (approximately $28,600) is for municipal tax purposes. The market value—what a buyer would pay—is determined by recent sales, condition, and demand. The last recorded sale was between $200k-$250k in 2016.
2. How does the living area compare to nearby homes?
At 736 sqft, the living area is below average for Melrose Avenue West, the broader Melrose area, and significantly smaller than the Winnipeg average. This confirms the home is a compact, single-story bungalow-style layout.
3. What does the lot size mean for me?
The 4,399 sqft lot is larger than many on the same street and in the area. This is a key feature, offering more yard space and future potential (like an addition, garage, or deck) than is typical for homes in this price segment.
4. The data shows the home is "newer" than others on the street. How significant is that?
Built in 1958, it is newer than the street average (1948) and area average (1947). This can be an advantage, as construction methods and materials improved in the post-war era, but a specific inspection is still essential to determine the actual condition of the roof, wiring, and plumbing.
5. How can I find out the exact historical sale prices?
The provided sales history is a range from public data. You can request the exact sold price history by emailing via the form on the property page; the service provides the accurate figure manually at no cost and without marketing spam.