Property Overview: 124 Melrose Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a classic post-war bungalow, built in 1946, situated on a notably generous lot in the Melrose neighborhood. With 894 square feet of living space, it offers a compact and efficient layout that is very typical for its street and immediate area, though smaller than the Winnipeg city average. Its assessed value is consistent with neighboring properties.

The primary appeal lies in its land. The lot of 4,786 square feet is larger than most in the Melrose area, offering above-average outdoor space for gardening, recreation, or future expansion relative to its peers. This creates a valuable contrast: the home itself is a manageable size for maintenance, while the property provides a sense of space and potential not always found in established neighborhoods.

This property would suit a first-time buyer or downsizer looking for an entry point into a stable community without a sprawling house to maintain. It’s also a practical candidate for a long-term holder who values lot size, recognizing that the land itself is a key asset. The data suggests it’s a "neighborhood-standard" home, making it a straightforward, no-surprises option rather than a standout luxury purchase.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others?
At 894 sq ft, the living area is very close to the average for both Melrose Avenue East and the wider Melrose area. It is, however, noticeably cozier than the typical Winnipeg home, which averages around 1,342 sq ft.

2. Is the assessed value typical for the area?
Yes. The assessed value of $26,500 is almost exactly the average for comparable homes on its street and in the Melrose neighborhood, indicating it is priced consistently within its market context.

3. What is the significance of the lot size?
The lot is a key feature. At 4,786 sq ft, it is larger than many lots in the immediate area, offering more private outdoor space than you might expect for a home of this vintage and style.

4. When was it last sold, and for how much?
The home sold between 2019 and 2025 for an estimated price between $150,000 and $200,000. The exact sale price is available upon request from the listing service.

5. What should I consider about a home built in 1946?
While the structure is solid and typical for the area, a home of this age will likely have had various updates over the decades. A thorough inspection is recommended to understand the condition and age of major systems like plumbing, electrical, and the roof, which may be due for maintenance or modernization.