50.3
Fair
Property score
50.3
Fair
Overall 50.3
Compared with neighbourhood average
980 sqft (top 42%)
Built in 1945 (2 yrs older than avg)
Located in a average-income area
with median household income of ~60k
Transit 74.0
3-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
Near average
1% larger than neighborhood avg.
Year Built
Below average
2 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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50.3 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
126 Melrose Avenue E — 13 amenities found within 500 m, across 5 categories, including 6 dining (nearest 183 m), 1 education (nearest 421 m), 3 parks (nearest 431 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 | Top 44% | Top 43% | Bottom 21% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 41% | Bottom 43% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 126 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1945-built bungalow, offering a practical and grounded living option in Winnipeg's Melrose neighbourhood. With 980 sqft of living space and a notably generous 4,786 sqft lot, it presents a balance of a manageable interior footprint with above-average outdoor space for its immediate area. The assessed value is modest and in line with local norms, a pattern reflected in its recent sale history.
Its primary appeal lies in its positioning as a stable, no-surprises property within an established community. It suits first-time buyers seeking an entry point into the market without overextending financially, or practical investors looking for a straightforward rental property with a good lot size. A less obvious perspective is its potential for someone valuing garden space or future expansion over a large interior, as the lot size ranks in the top third for the street. It’s a home for those who prioritize neighbourhood consistency and lot potential over modern size trends, as its living area is below the citywide average.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
The data shows it is very typical for Melrose Avenue E and the broader Melrose area in terms of living space, age, and value. Its standout feature locally is its land area, which is larger than many neighbouring lots.
2. What is the likely price range based on recent sales?
The property sold twice in recent years (2020 and 2023), with both recorded sale prices in the range of CA$200k–$250k. This provides a clear, recent benchmark for its market value.
3. Is the assessed value the same as the market value?
No. The assessed value for this property is $26,700, which is used for calculating property taxes. Market value, indicated by recent sales, is significantly higher, as is common in Winnipeg.
4. What does the "below average" city-wide ranking mean?
For metrics like living area and assessed value, this means the property is smaller and has a lower assessed value than the typical Winnipeg home. This reflects the character of older, established neighbourhoods compared to newer city developments.
5. How can I find out the exact historical sold prices?
The exact sold prices are not published publicly. You can request them directly via the email link provided on the listing page; the service aims to provide the accurate figures manually by the end of the same day.
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