Property Overview
This home at 26 Melonlea Cove presents a compelling opportunity in Winnipeg's River East neighborhood. Its primary appeal lies in offering above-average space and value within its immediate, established street setting. Built in 1976, the 1,590 sqft house sits on a 5,713 sqft lot. The data indicates it stands out on its own street, ranking in the top tier for living area and year built, and above average for lot size and assessed value. This suggests a well-sized, relatively newer home on a desirable street where many properties are smaller and older. It last sold in August 2022 for an estimated $400k–$450k.
This property would suit buyers looking for a spacious, settled home in a mature neighborhood without a premium city-wide price tag. It’s ideal for those who value a strong position within a specific community over having the largest lot or most expensive house in the broader area. It may also appeal to value-conscious buyers who see potential in a home that already outperforms its direct peers but sits closer to average in the wider market.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
While its size and modern build year are elite on Melonlea Cove itself, they are more average when compared to all of River East or Winnipeg. This means you're getting one of the larger, newer homes on a street where that's notable, but not an outlier in the broader suburb.
2. The assessed value is $380k, but it sold for more recently. Why?
The assessed value is for municipal tax purposes and often lags behind the current market. The 2022 sale price (estimated $400k–$450k) is a more current indicator of its market value, suggesting it commands a premium above its assessment.
3. What does the lot size tell us?
At 5,713 sqft, the lot is significantly larger than the street average (~4,132 sqft), offering more outdoor space than many neighbors. However, it's slightly below the neighborhood and city averages for comparable homes, so it's a generous yard for the street, but not an exceptionally large lot overall.
4. Are there any insights from the "Nearby" and "Similar Value" listings?
The nearby listings show a cluster of similar homes from the 1970s, confirming a consistent, established streetscape. The "Similar Value" listings, however, are in different neighborhoods altogether, highlighting that your budget here buys a certain size of home, but location choice varies widely across Winnipeg.
5. How reliable is the sold price data provided?
The site states the sold price is not from the MLS and is based on public data with limited verification. For fully verified, exact sale figures and a complete transaction history, you must request a manual lookup from the site via email, as MLS rules prevent them from displaying that data directly.