41.8
Below average
Property score
41.8
Below average
Overall 41.8
Smaller but newer than most nearby homes
740 sqft (bottom 19%)
Built in 1959 (12 yrs newer than avg)
Located in a average-income area
with median household income of ~60k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 5 dining spots, 1 park, 1 fuel station, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Above average
12 yrs newer 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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41.8 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
221 Pandora Avenue E — 9 amenities found within 500 m, across 4 categories, including 5 dining (nearest 307 m), 1 parks (nearest 433 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 43% | Top 35% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 221 Pandora Avenue E in Winnipeg's Melrose neighbourhood presents a specific and practical opportunity. Built in 1959, it's a 740 sqft residence on a 2,971 sqft lot, with a current assessed value of $25,600. Recent sales data indicates it sold for an estimated $250k–$300k in 2022. The appeal here is rooted in affordability and efficiency rather than size or luxury.
Key Characteristics & Ideal Buyer
The property's defining characteristic is its compact scale. Its living area is notably smaller than most homes on its street, in Melrose, and across Winnipeg. This results in a very manageable footprint, with lower utility costs and minimal upkeep. The lot is also smaller than average, reducing yard maintenance. Interestingly, while the home is modest in size and value compared to the citywide average, its assessed value is quite typical for the immediate Melrose area, suggesting it fits the local market's profile. The home is newer than many in the broader neighbourhood, which can be a plus for systems and structure.
This property would best suit a first-time homebuyer, an investor, or a downsizer seeking an affordable entry into the Winnipeg market with minimal overhead. Its appeal lies in its functionality as a straightforward, no-frills home where the financial commitment aligns with a modest, efficient lifestyle. It’s a practical choice for those who prioritize financial accessibility and ease of maintenance over space.
1. Why is the assessed value so much lower than the recent sold price?
Assessed values in Manitoba are set for municipal tax purposes and often don't reflect current market value, especially in a dynamic market. The 2022 sale price is a better indicator of its actual market worth.
2. Is the small living area a major drawback?
It depends on your needs. At 740 sqft, it's significantly cozier than the average Winnipeg home. This is ideal for a single person, a couple, or an investor, but would feel cramped for a family or anyone needing home office space.
3. How does the smaller lot size impact the property?
The nearly 3,000 sqft lot requires less maintenance than larger yards, which is a benefit for those seeking low upkeep. However, it offers limited private outdoor space and less potential for expansions or additions compared to larger lots.
4. The home is "newer" than others in Melrose. What does that mean?
Built in 1959, it's above the neighbourhood average for year built. This can suggest that major components like wiring or plumbing might be in relatively better condition than in older homes, though a professional inspection is still essential.
5. What are the main considerations for a buyer here?
Focus on the condition of the compact interior and the efficiency of the layout. Given the size, storage and multi-functional spaces will be key. Also, verify any recent upgrades and understand that while taxes may be lower due to the assessment, your mortgage will be based on the market price, not the assessed value.
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