Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue E): Above Average. Ranked #30 out of 342 (Top 9%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Above Average. Ranked #43 out of 557 (Top 8%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Around Average. Ranked #73,227 out of 194,457 (Top 38%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue E): Below Average. Ranked #263 out of 342 (Bottom 23%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Below Average. Ranked #414 out of 557 (Bottom 26%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #174,142 out of 194,455 (Bottom 10%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue E): Below Average. Ranked #277 out of 342 (Bottom 19%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Below Average. Ranked #453 out of 557 (Bottom 19%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #170,924 out of 194,457 (Bottom 12%). The citywide average for comparable homes is 1966.
Street Level (Melrose Avenue E): Below Average. Ranked #298 out of 342 (Bottom 13%). The street average for comparable homes is 4,095 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #491 out of 557 (Bottom 12%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #180,050 out of 194,457 (Bottom 7%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
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.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
121 Melrose Avenue E — 15 amenities found within 500 m, across 5 categories, including 6 dining (nearest 122 m), 2 education (nearest 364 m), 3 parks (nearest 403 m).
Crime & safety
Waste collection schedule
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Related homes
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Address · Year Built · Living Area
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 121 Melrose Avenue E
Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and location. Its primary appeal is the generous 1,362 sqft of living area, which ranks in the top 9% for its street and top 8% for the broader Melrose area, offering significantly more interior space than many neighbouring homes. This makes it a standout for buyers seeking roominess in established neighbourhoods. The property suits practical buyers who prioritize interior square footage over a large yard, as the lot is compact. Its assessed value is notably below area averages, which can suggest a different tax burden and may appeal to value-conscious purchasers or those with renovation visions. Built in 1918, the home carries classic character but requires a buyer comfortable with the maintenance considerations of a century-old structure. The recent sale history indicates stable, moderate value in the local market.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is used for calculating property taxes and doesn't always equal market value. A lower assessment can indicate a lower tax bill, but it may also reflect the home's age, specific condition, or the compact lot size compared to city norms.
2. What does the living area ranking really mean for me?
Ranking in the top 10% locally means this home offers more interior space than over 90% of comparable homes on its street and in the area. You're getting a house that feels larger than most in the immediate vicinity, which is a key advantage if you need the room.
3. Are there concerns with a house built in 1918?
Homes of this age possess charm and solid construction but require diligent upkeep. Prospective buyers should budget for potential updates to systems like wiring or plumbing and invest in a thorough inspection to understand the condition of the foundation, roof, and structure.
4. The lot size ranks in the bottom 15% for the area. Is that a major drawback?
It depends on your lifestyle. The smaller, 2,702 sqft lot means lower maintenance and less outdoor work—a potential benefit for busy owners. However, it offers limited space for expansions, large gardens, or extensive outdoor recreation.
5. The home sold recently in 2022 and 2024. What does that indicate?
The two recent sales suggest a property that may have been an investment or a well-maintained home that changed hands due to life circumstances. It indicates a liquid asset in the neighbourhood, but it's wise to inquire about the reasons for the turnover to ensure there are no underlying issues.