45.0
Below average
Property score
45.0
Below average
Overall 45.0
Older than most nearby homes
883 sqft (bottom 43%)
Built in 1920 (27 yrs 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, 1 park, 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
9% smaller than neighborhood avg.
Year Built
Below average
27 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
45.0 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
203 Pandora Avenue E — 11 amenities found within 500 m, across 5 categories, including 6 dining (nearest 253 m), 1 education (nearest 476 m), 1 parks (nearest 449 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 3% | Bottom 8% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 203 Pandora Avenue E in Winnipeg’s Melrose neighbourhood presents a specific and practical value proposition. Built in 1920, it’s a century-old property with a modest 883 sqft footprint on a reasonably sized 4,622 sqft lot. Its assessed value is notably low, which is a defining characteristic. The appeal here isn’t in luxury or size, but in opportunity. It suits a buyer looking for an entry point into the market, an investor seeking a rental property with a low tax base, or a hands-on owner willing to put work into an older home. Its value is relative: while its living space is below the city average, it’s fairly typical for its immediate area, suggesting it fits the local context of more modest, established homes.
A less obvious perspective is that a lower assessed value can mean lower property taxes, which is a permanent cost saving. Additionally, a home of this age and condition isn’t competing with new builds; it appeals to those who see potential beyond the numbers or who prioritize lot size and location over a turn-key interior.
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is not the same as market value. This lower assessment primarily reflects the home’s age, size, and condition compared to the broader Winnipeg market, which includes many newer and larger homes. It often results in proportionally lower property taxes.
2. What does the "sold price" range from 2019 indicate?
The CA$150k–200k range from its last sale gives a historical benchmark. Given changes in the market and any updates made since, the current asking or market value would need to be determined by a new appraisal or comparative market analysis.
3. As a 106-year-old home, what should I be concerned about?
Prospective buyers should budget for and investigate systems common in older homes, such as the foundation, plumbing, electrical wiring, and roof. A thorough, specialized home inspection is highly recommended to understand the true condition and potential renovation costs.
4. Who would this property be a good fit for?
It’s well-suited for first-time buyers comfortable with a project, investors looking for a rental with a lower carrying cost basis, or owners who value a larger lot in an established neighbourhood over a large living area.
5. How does its size compare to nearby homes?
At 883 sqft, the living area is slightly below the average for Pandora Avenue E (~1,005 sqft) but very close to the average for the wider Melrose area (~973 sqft). This indicates the home’s size is quite typical for this specific part of Winnipeg.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
