43.1
Below average
Property score
43.1
Below average
Overall 43.1
Smaller than most nearby homes
700 sqft (bottom 9%)
Built in 1946 (1 yr older than avg)
Located in a average-income area
with median household income of ~60k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 6 dining spots, 1 school, 3 parks, and 1 fuel station nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 79%Tagalog · 6%
Past 10 years Melrose sales snapshot (~80% of all data)
259
212.8k
$256/sqft
1947
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43.1 is composed by the two sections below.
Property Score
Community Score
Melrose
How to read: Share of sales in each ~$50k price band for “melrose” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110836
$60K
Median household income
$68K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
45%
Single-person households
16%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
112 Melrose Avenue E — 14 amenities found within 500 m, across 5 categories, including 6 dining (nearest 136 m), 1 education (nearest 414 m), 3 parks (nearest 430 m).
Melrose · WPS public data · 2026
Annual incidents
5
2026
vs. city avg
-83%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
60%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 3% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 112 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its efficiency and potential. Built in 1946, it sits on a notably generous lot of nearly 4,800 sqft for the Melrose area, offering more outdoor space than many neighbouring properties. The living area of 700 sqft is compact, placing it well below average for the street, neighbourhood, and city, indicating a cozy, low-maintenance interior footprint.
Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, underscored by a low assessed value. The significant lot size presents a clear long-term value: it offers ample room for gardening, expansion, or future redevelopment, making it a property where the land may be as valuable as the structure itself. This home would suit a first-time buyer comfortable with a smaller living space, an investor looking for a land-value opportunity, or a downsizer seeking a manageable property with a private outdoor area. It’s a practical choice for those who see potential beyond the current structure and prioritize lot size over interior square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics, primarily its smaller living area and older home, relative to the broader Winnipeg market which includes many larger, newer homes. It is more in line with values in its immediate local area.
2. What does the lot size ranking mean for me?
The lot is larger than many in the Melrose neighbourhood (ranking in the top 30%). This is a key asset, providing more private outdoor space than typical and offering future flexibility that smaller lots do not.
3. Is the smaller living area a major drawback?
It depends on your needs. The 700 sqft size means lower utility costs and less maintenance, but it requires efficient use of space. It’s ideal for individuals, couples, or those comfortable with a compact, minimalist layout.
4. How reliable are the past sold price ranges shown?
The ranges are based on public data. For precise historical sale figures, you must request the exact sold price via the provided email service, as this information is verified and supplied manually.
5. The home is 80 years old. What should I consider?
While the build year is around average for the street, a home of this age will likely require a thorough inspection. Focus on the condition of major systems (roof, foundation, plumbing, electrical) and budget for potential updates or maintenance consistent with a vintage property.
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