Property score
42.5
Below average
Overall 42.5 · Smaller than most nearby homes
792 sqft (bottom 27%) · Built in 1954 (7 yrs newer than avg)
Located in a above-average income area with median household income of ~67k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 6 dining spots, 3 parks, 1 fuel station, and 4 place of worships nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Near average
7 yrs newer than neighborhood avg.
Mother tongue
English · 81%Tagalog · 4%
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
42.5 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: #46110831
$67K
Median household income
$71K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
48%
Single-person households
14%
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 Regent Avenue W — 14 amenities found within 500 m, across 4 categories, including 6 dining (nearest 158 m), 3 parks (nearest 89 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 49% | Bottom 47% | Bottom 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 224 Regent Avenue W in Winnipeg's Melrose neighbourhood presents a practical and affordable entry point into the city's housing market. Built in 1954, its key characteristic is its modest scale, with 792 square feet of living space on a 3,594 sqft lot. This places it below the city-wide average for size, but quite typical for its immediate area. Its assessed value of $270,000 is similarly average for the street and neighbourhood, but sits below the broader Winnipeg average, indicating its relative affordability in the city context.
The appeal lies in its position as a manageable, lower-maintenance property in an established community. It suits first-time buyers seeking a foothold without a massive mortgage, downsizers looking to reduce space and upkeep, or pragmatic investors interested in a character home with a stable valuation history. A thoughtful perspective is that its "below average" size city-wide is actually its strategic advantage, offering lower utility costs and property taxes, which aligns with a growing preference for efficient living. Its last known sale was between $200,000-$250,000 in 2020.
1. Is this a small house?
Yes, at 792 sqft, the living area is compact and below the Winnipeg average. However, it is very typical for the Melrose neighbourhood, where comparable homes average about 973 sqft.
2. How does the assessed value compare to nearby homes?
The $270,000 assessment is around the average for both Regent Avenue W and the wider Melrose area. It is considered below average compared to the entire city, which can be an advantage for property tax calculations.
3. What is the lot size, and are there expansion possibilities?
The lot is 3,594 sqft, which is slightly below the street average but standard for the area. Any potential expansion, like an addition or garage, would require checking current zoning bylaws and setback requirements.
4. When was it last sold, and for how much?
Public records indicate a sale between $200,000 and $250,000 in 2020. The exact sale price can be requested directly from the listing service.
5. What does the "ranking" data mean for a potential buyer?
The rankings show how this property compares to others in three categories: its immediate street, the Melrose neighbourhood, and all of Winnipeg. It helps highlight that while features like size are smaller city-wide, they are normal and competitive for this specific, established community.
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.
