Property Overview: 78 Melonlea Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,200 sqft bungalow, built in 1975, presents a compelling value proposition in Winnipeg's River East neighborhood. Its primary appeal lies in its efficient use of space and its position as a more affordable entry point into a established area. The home's living area is notably above average for its specific street, suggesting a well-sized layout compared to immediate neighbors. However, the assessed value of $261k is significantly below both neighborhood and city averages, indicating a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes.
The property would suit first-time buyers, downsizers, or value-focused investors seeking a practical home in a mature community without paying a premium for lot size. The smaller, 3,010 sqft lot means less yard maintenance—a plus for those seeking a low-maintenance lifestyle—but offers less private outdoor space than typical area homes. Its strongest selling point is location within a stable street where the home itself compares favorably in size and age, making it a sensible choice for someone prioritizing indoor space and community over a large yard.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a red flag?
Not necessarily. A lower assessment relative to the area often reflects the home's specific attributes (like a smaller lot) and can mean lower property taxes. It's a key part of this property's value profile, but a professional inspection is always recommended to understand the home's condition.
2. How does the smaller lot size impact daily living?
It translates to minimal yard work, which is a benefit for those who don't want gardening or extensive maintenance. The trade-off is limited space for additions, large decks, or private recreational areas like a big garden or play structure.
3. The home last sold in 2016. What does that indicate?
A nearly decade-long ownership suggests a stable period and possibly consistent upkeep. It also means there may be fewer recent comparable sales on this specific street, making a current market valuation by a real estate professional especially important.
4. How does this home compare to others on the street?
The data shows it ranks highly for living area and year built on Melonlea Cove itself. This means you're getting a home that is newer and larger than most on its immediate block, which is a positive localized feature.
5. Where can I get verified sale price history for this home?
The site notes that exact sold price data is not displayed publicly due to industry rules. They offer a manual lookup service where you can request the exact figures via email, which they will provide without using your address for marketing.