Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Pandora Avenue W): Above Average. Ranked #25 out of 135 (Top 19%). The street average for comparable homes is 1,262 sqft.
Neighborhood Level (Melrose): Above Average. Ranked #25 out of 234 (Top 11%). The neighborhood average for comparable homes is 1,126 sqft.
Citywide Level (Winnipeg): Above Average. Ranked #2,594 out of 26,841 (Top 10%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Pandora Avenue W): Above Average. Ranked #27 out of 135 (Top 20%). The street average for comparable homes is 299.9k.
Neighborhood Level (Melrose): Above Average. Ranked #27 out of 234 (Top 12%). The neighborhood average for comparable homes is 274.0k.
Citywide Level (Winnipeg): Around Average. Ranked #6,816 out of 26,841 (Top 25%). The citywide average for comparable homes is 276.9k.
Street Level (Pandora Avenue W): Above Average. Ranked #1 out of 135 (Top 1%). The street average for comparable homes is 2013.
Neighborhood Level (Melrose): Above Average. Ranked #1 out of 234 (Top 0%). The neighborhood average for comparable homes is 2012.
Citywide Level (Winnipeg): Above Average. Ranked #5,253 out of 26,841 (Top 20%). The citywide average for comparable homes is 1990.
Melrose market pulse
How to read: Share of sales in each ~$50k price band for “melrose” (Condos, 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
2-425 Pandora Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 350 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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Is this home right for you?
Property Overview: 2-425 Pandora Avenue W, Winnipeg
Key Characteristics & Appeal
This home stands out for its modern build and spacious interior relative to its surroundings. Built in 2014, it is notably newer than most homes in the city, ranking in the top 1% for its year of construction within both its immediate street and the broader Melrose area. This suggests significantly lower initial maintenance concerns and modern building standards.
With 1,478 square feet of living area, the property offers above-average space, ranking in the top 11% in Melrose and the top 10% city-wide. This combination of a contemporary build and generous square footage is its primary appeal, offering a move-in-ready canvas in a mature neighbourhood.
The assessed value is consistent with the local market, positioning it as an average investment on its street but above average for the Melrose area. This profile suits buyers seeking a modern, spacious home without the premium often attached to brand-new builds in suburban developments. It’s particularly well-suited for those who value the established character of a neighbourhood like Melrose but want to avoid the renovation projects typical of older homes.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The property sold between $300,000 and $350,000 in 2023. This recent sale provides a concrete benchmark for its market value, showing it transacted at a level considered well above average for the area at that time.
2. What does the "Elite" ranking for year built practically mean for a buyer?
While "Elite" sounds impressive, its practical meaning is that this is one of the newest homes on the block. For a buyer, this primarily translates to potential savings on near-term major repairs (like roof, windows, or furnace) that are common with older housing stock.
3. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value of $29,200 is for municipal tax purposes. The recent sale price range is 10-12 times higher, which is typical. Market conditions, recent upgrades, and interior finish quality will determine the actual sale price.
4. The living area is above average, but how does the layout function?
The data confirms the size but cannot speak to the floor plan. A thoughtful next step would be to view the listing photos or schedule a viewing to assess if the space is configured as open-concept or divided into more traditional rooms, and how it fits your lifestyle.
5. Who are the likely "comparable homes" used in these rankings?
The comparisons are based on homes with similar core metrics, likely other single-family dwellings. However, the unique combination of a very new build on an established street means truly direct comparables may be limited, which can be both an advantage and a challenge when determining value.