Property Overview: 350 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This 840 sqft bungalow, built in 1954, sits on a 3,299 sqft lot in Munroe West. Its core appeal lies in being a competitively priced, manageable home in an established neighbourhood. The assessed value of $221k is notably below averages for the street, area, and city, suggesting a lower property tax burden and an accessible entry point into the market.
The home suits first-time buyers or downsizers seeking a practical footprint without excessive upkeep. A thoughtful perspective is that while the lot is smaller than many in the area, it offers enough outdoor space for a garden or patio but requires less maintenance. Additionally, its 1954 build date makes it newer than many neighbouring homes, potentially indicating updates over the years or fewer concerns associated with very early 20th-century construction. It represents a value-oriented choice for those who prioritize location and financial efficiency over size.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($221k) is used for calculating property taxes and is often lower than current market value. The last known sale was between $200k-$250k in late 2021.
2. How does the living space compare to nearby homes?
At 840 sqft, it's very close to the average for Munroe West (958 sqft) and Melbourne Avenue (882 sqft). It provides a comfortable size for a small household without being oversized.
3. What does the "below average" land area mean for me?
The lot is 3,299 sqft, which is smaller than many in Winnipeg. This means a more manageable yard with less grass to cut and garden to maintain, but also less space for large additions, pools, or extensive landscaping.
4. The home is 72 years old. What should I consider?
While newer than many on its street, a home of this age will likely have older major systems (like plumbing, electrical, roof). A thorough inspection is essential to understand the condition and any needed updates or repairs.
5. How can I find out the exact past sale prices?
The site provides sold price ranges for context. To obtain verified, exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.