Property Overview: 398 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 398 Melbourne Avenue in Munroe West is a classic, post-war bungalow built in 1946. Its key characteristic is its position as a more affordable entry point into the Winnipeg market. With a living area of 680 sqft, it is notably compact compared to both local and city-wide averages, suggesting a cozy, efficient layout. The assessed value of $234k is consistently below average for its street, neighbourhood, and the entire city, indicating a lower property tax base and an accessible price point.
The appeal lies in its lot size and location. The land area of 4,199 sqft is very close to the average for Melbourne Avenue, offering a generous outdoor space for its home size—a valuable asset for gardening, pets, or future expansion. For the right buyer, the smaller interior can be seen as a benefit: lower utility costs, less maintenance, and a simpler lifestyle. It last sold between $200k-$250k in late 2019.
This property would best suit first-time homebuyers, downsizers, or investors seeking a manageable, land-value-oriented property in a stable neighbourhood. It’s for those who prioritize a lower ongoing financial commitment and value private outdoor space over expansive indoor square footage. The data suggests it’s not a luxury property, but a practical and grounded housing solution.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates due to its age?
Built in 1946, the home is around the average age for its immediate street. While this doesn’t guarantee condition, it does mean many neighbouring homes have likely undergone similar renovations. A thorough inspection is essential to understand the state of major systems like plumbing, electrical, and the roof.
2. How does the below-average living area affect livability?
The 680 sqft footprint requires efficient use of space. It likely has a classic two- or three-room bungalow floor plan. This suits individuals, couples, or those comfortable with minimalist living. The trade-off is the proportionally larger yard, which extends the usable living area outdoors for much of the year.
3. Why is the assessed value significantly lower than the city-wide average?
The assessed value reflects the property’s smaller size and older age compared to the broader Winnipeg housing stock, which includes many newer and larger suburban homes. This results in a lower municipal property assessment, which generally correlates with lower property taxes.
4. What does the sold price history from 2019 tell us?
The previous sale in the $200k-$250k range provides a historical benchmark. Market conditions have changed since then, but it confirms the home’s long-standing position as a more affordable option. It’s a useful data point for understanding the property’s market trajectory.
5. How can I get the exact past sold prices for this home?
The provided data shows approximate price bands. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry regulations. They state this service is provided without using your email for marketing.