36.0
Below average
Property score
36.0
Below average
Overall 36.0
Smaller and older than most nearby homes
650 sqft (bottom 5%)
Built in 1912 (35 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: 4 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
Below average
33% smaller than neighborhood avg.
Year Built
Below average
35 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
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36.0 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
224 Melrose Avenue E — 9 amenities found within 500 m, across 5 categories, including 4 dining (nearest 298 m), 1 education (nearest 469 m), 1 parks (nearest 388 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%
224 Melrose Avenue E: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
224 Melrose Avenue E is a compact, century-old home that presents a clear value proposition within Winnipeg’s market. Its key characteristics are defined by its modest scale and its position relative to other properties.
The home is notably smaller than most, with 650 sqft of living space, placing it in the bottom 5% for size both locally and city-wide. It sits on a 2,971 sqft lot, which is more typical for the area but still below the neighbourhood average. Built in 1912, it is significantly older than the majority of Winnipeg homes. The assessed value of $19,600 is well below area and city averages, reflecting these factors.
Its appeal lies in its potential as an affordable entry point into homeownership or as a straightforward investment property. It suits buyers with minimal space needs, such as singles, couples, or investors looking for a low-cost rental asset. A thoughtful perspective is that its below-average metrics across the board create a predictable, low-overhead holding, which can be advantageous for a buyer seeking to minimize carrying costs while building equity in a land-owning asset.
1. What does the "top 96%" ranking for living area mean?
This means the home's square footage is less than 96% of comparable homes on its street. In simpler terms, it is one of the smallest properties in its immediate area.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific characteristics—its small size, older age, and modest lot size—which are all below the norms used for city-wide comparison.
3. Is the age of the home (1912) a concern?
While it offers classic charm, a home from 1912 will likely require careful attention to foundational, electrical, and plumbing systems that have aged. A thorough inspection is essential.
4. How useful is the land size for expansion or outdoor use?
At just under 3,000 sqft, the lot is manageable for basic outdoor space but may not allow for significant additions. It's typical for the street but offers less private space than many newer suburban lots.
5. There’s no sales history shown. How can I determine a fair offer price?
The provided assessed value is a starting point, but market value can differ. Reviewing recent sale prices of similar small, older homes in nearby neighbourhoods like Kern Park or along Regent Avenue E will provide a more current market context. The listing service also offers to provide exact historical sold prices manually upon request.
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