Property Overview: 21 Melonlea Cove, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1975-built home in River East presents a practical, entry-level opportunity in the Winnipeg market. At 928 square feet, its living space is notably compact, ranking below average for its street, neighborhood, and city. This characteristic defines its core appeal: it is a more affordable point of entry into a stable area. The assessed value of $277k is comfortably below area and city averages, suggesting a relatively lower property tax burden and an accessible price point.
The home’s appeal lies in its value proposition and location. It sits on a lot that is typical for its immediate street but smaller than the River East norm, which can mean less maintenance. Being one of the newer builds on its block (ranked in the top 11% for year built on Melonlea Cove) is a positive, potentially indicating fewer immediate age-related concerns than some neighbors. The recent sale price, estimated between $300k-$350k, aligns with a competitive position for the area.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance holding. It’s for those prioritizing financial accessibility and location over square footage. A thoughtful perspective is that its smaller size and lot, while not luxurious, offer a chance to minimize ongoing costs and upkeep—a practical trade-off for budget-conscious homeowners.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. With 928 sqft of living area, it is below the average for River East (1,399 sqft) and Winnipeg overall (1,342 sqft). This is a key factor in its pricing and positions it as a more compact, efficient living space.
2. How does the assessed value affect property taxes?
The assessed value of $277k is below the neighborhood average ($401.1k), which typically results in a lower municipal property tax bill compared to larger homes in River East.
3. What does the "year built" ranking mean for me?
Ranking in the top 11% for year built on its street means this 1975 home is newer than most on Melonlea Cove. This can be advantageous, potentially meaning updates or systems are relatively more recent, but a specific inspection is still essential.
4. How reliable is the sold price information shown?
The site states sold prices are based on public internet data, not the MLS, and are shown in ranges unless you request exact figures. For fully verified transaction history, they recommend contacting them directly for a manual lookup.
5. The lot seems smaller than neighborhood averages. Is that a drawback?
The 3,510 sqft lot is typical for its street but below the River East average. This could be a drawback if you desire extensive outdoor space, but it also means less yard work and lower maintenance, which some buyers may prefer.