Property Overview: 365 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 365 Melbourne Avenue in Munroe West presents a distinct profile centered on space and value within its immediate neighborhood. Built in 1921, it is a character home that offers more living area (968 sq ft) than most on its street and in the Munroe West area, ranking in the top 24% and 38% respectively. This makes it a notably spacious option for the locale, appealing to buyers seeking older-home charm without the typically smaller floor plans.
Its primary appeal lies in its value positioning. With an assessed value of $235k, it sits below the average for Melbourne Avenue, Munroe West, and Winnipeg overall. This combination of above-average interior space for the area with a below-average price point creates an opportunity for value-conscious buyers. The lot, while smaller than area averages at 3,575 sq ft, is manageable.
This property would suit a first-time buyer or an investor looking for entry into a stable neighborhood with a home that offers more usable space than its peers. It’s also a fit for someone who appreciates the character of a century-old home and is prepared for the maintenance that may entail. A thoughtful perspective is that while the home is older than most in the city, its size advantage on the street suggests it may have been a substantial home for its time, potentially with solid bones and layout.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to recent sales on the street?
The home last sold between $200k-$250k in early 2020. That sale price ranked in the top 41% for value on Melbourne Avenue at the time, indicating it was a competitively priced transaction.
2. Is the older year of build (1921) a concern?
The home is significantly older than most in Winnipeg. This implies potential for character but also means systems (like plumbing, electrical, roof) may need updating or careful inspection. It ranks in the bottom 15% for age on its street.
3. What does the "above average" living area ranking mean practically?
In Munroe West, comparable homes average 958 sq ft. This home’s 968 sq ft is very close to that area average, but it ranks well because many homes are smaller. On Melbourne Avenue itself, it stands out more, as street peers average only 882 sq ft.
4. How can I get the exact historical sold price data?
The provided sold price is a public record estimate. Due to industry rules, exact MLS sale figures are not displayed on this site. You can request the full, verified transaction history by emailing the site directly for a manual lookup.
5. Are the property taxes likely to be high?
The assessed value of $235k is below the city-wide average of $390.1k, which is a strong indicator that the municipal property tax burden will be comparatively lower than for an average Winnipeg home.