Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Bond Street): Below Average. Ranked #16 out of 18 (Bottom 11%). The street average for comparable homes is 1,026 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #169 out of 234 (Bottom 28%). The neighborhood average for comparable homes is 1,126 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #14,486 out of 26,841 (Bottom 46%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Bond Street): Below Average. Ranked #18 out of 18 (Bottom 0%). The street average for comparable homes is 235.7k.
Neighborhood Level (Melrose): Below Average. Ranked #191 out of 234 (Bottom 18%). The neighborhood average for comparable homes is 274.0k.
Citywide Level (Winnipeg): Below Average. Ranked #15,585 out of 26,841 (Bottom 42%). The citywide average for comparable homes is 276.9k.
Street Level (Bond Street): Above Average. Ranked #1 out of 18 (Top 6%). The street average for comparable homes is 2009.
Neighborhood Level (Melrose): Below Average. Ranked #189 out of 234 (Bottom 19%). The neighborhood average for comparable homes is 2012.
Citywide Level (Winnipeg): Around Average. Ranked #8,062 out of 26,841 (Top 30%). 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
205-111 Bond Street — 14 amenities found within 500 m, across 4 categories, including 6 dining (nearest 36 m), 3 parks (nearest 119 m).
Crime & safety
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview
This condominium at 205-111 Bond Street in Winnipeg's Melrose neighbourhood presents a specific value proposition. Built in 2009, it's a 960 sqft unit with a $220k assessed value. The data reveals a property with contrasting standings: it is one of the newest builds on its immediate street but offers slightly less living space than many local comparables. Its appeal lies in this balance—it's a relatively modern unit in a well-established area, often positioned at a more accessible price point than larger or newer builds in the broader city. It would suit a first-time buyer, an investor, or a downsizer seeking a low-maintenance home without the concerns of an older building, who prioritizes modern systems over maximum square footage.
A thoughtful perspective is that this unit's "average" city-wide metrics might be its strength. It doesn't excel nor severely lack in any major category, which can indicate a stable, predictable investment less susceptible to market swings based on extreme features. Its position as one of the newer units on the block suggests potentially lower immediate maintenance costs compared to neighbours, a practical advantage that isn't always obvious from price alone.
Frequently Asked Questions
1. How does this property's size compare to others in the area?
At 960 sqft, the living area is below the average for similar homes in the immediate Melrose area (approx. 1,126 sqft) but is very close to the city-wide average (approx. 1,042 sqft). It ranks 169th out of 234 locally for size.
2. Is the assessed value of $220k typical for this building and neighbourhood?
The assessed value is below the street average but aligns closely with the average for the Melrose area ($24.50k) and city-wide ($25.60k). It sits in the 70th percentile locally, meaning it's around average for the neighbourhood.
3. What is the significance of the 2009 build year?
Built in 2009, this is one of the newest units on Bond Street (ranking 1st of 18). Compared to the city-wide average build year of 1990, it's a relatively modern property, which can mean newer building components and potentially updated standards.
4. What was the recent sale history?
Public records indicate a sale occurred in 2024 within the price range of $200,000 to $250,000. The exact sale price is available upon request from the listing service.
5. Where can I see more detailed context about the immediate location?
You can view a detailed neighbourhood analysis map to compare this property with nearby homes based on year built, living area, assessed value, and lot size. A link is typically provided on the full listing page to open this tool.