Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue E): Below Average. Ranked #212 out of 342 (Bottom 38%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #333 out of 557 (Bottom 40%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #167,924 out of 194,457 (Bottom 14%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue E): Below Average. Ranked #292 out of 342 (Bottom 15%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Below Average. Ranked #459 out of 557 (Bottom 18%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #178,470 out of 194,455 (Bottom 8%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue E): Below Average. Ranked #239 out of 342 (Bottom 30%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Below Average. Ranked #397 out of 557 (Bottom 29%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #167,723 out of 194,457 (Bottom 14%). The citywide average for comparable homes is 1966.
Street Level (Melrose Avenue E): Below Average. Ranked #187 out of 342 (Bottom 45%). The street average for comparable homes is 4,095 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #313 out of 557 (Bottom 44%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #146,657 out of 194,457 (Bottom 25%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
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.
- 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
223 Melrose Avenue E — 11 amenities found within 500 m, across 5 categories, including 4 dining (nearest 271 m), 2 education (nearest 421 m), 2 parks (nearest 337 m).
Crime & safety
Waste collection schedule
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 223 Melrose Avenue E. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 223 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1922 character bungalow, offering a practical footprint of 864 sq. ft. on a generous, nearly 4,000 sq. ft. lot in the Melrose neighbourhood. Its key appeal lies in its position as a relatively affordable entry point into the Winnipeg market, with a recently sold price between $200k-$250k in 2024. The lot size is notably above average for the city, presenting a clear value in land potential.
The home suits first-time buyers or practical investors looking for a solid foundation. Its assessed value is consistently below average for the area, which can be a double-edged sword: it suggests a lower tax burden but may also indicate the home needs modernization. The appeal is grounded in utility and potential rather than luxury. A thoughtful perspective is that while the living space is compact, the lot offers room for expansion, gardening, or outdoor living—a valuable asset not always found in this price range. It’s a property for someone who sees value in the land and the structure’s good bones, willing to invest sweat equity or phased renovations.
Section 2: Frequently Asked Questions
1. Is this a good value compared to the neighbourhood?
Based on sold price data, this property sells below the typical price for both the immediate street and the wider Melrose area, placing it in the more affordable third of listings. You are paying primarily for location and lot size.
2. What should I expect with a home built in 1922?
While the mechanical systems and structure should be professionally evaluated, a home of this age often has solid craftsmanship but will likely require updates to plumbing, electrical, or insulation to meet modern efficiency standards. Its year built is typical for the street.
3. How accurate is the assessed value versus the selling price?
The assessed value for tax purposes ($22,400) is significantly lower than recent sale prices. This is common, as assessed value is not intended to reflect market value. The sale price is determined by current buyer demand.
4. The living area seems small. How does it compare?
At 864 sq. ft., the home is slightly smaller than the average house on Melrose Avenue E (~980 sq. ft.). This confirms it’s a compact, efficient layout. The lot size, however, is on par with area averages, meaning the footprint can potentially be expanded.
5. How can I find out the exact past sold prices?
The precise sale prices are not publicly displayed in detail due to data licensing. You can request the exact historical sold price by emailing the listing service through the provided button; they provide this information manually at no cost.