49.8
Below average
Property score
49.8
Below average
Overall 49.8
Older than most nearby homes
1,047 sqft (top 31%)
Built in 1922 (25 yrs older 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: 4 dining spots, 1 park, 1 fuel station, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
8% larger than neighborhood avg.
Year Built
Below average
25 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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49.8 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
229 Pandora Avenue E — 7 amenities found within 500 m, across 4 categories, including 4 dining (nearest 334 m), 1 parks (nearest 429 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 | Bottom 17% | Bottom 25% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 229 Pandora Avenue E in Winnipeg’s Melrose neighbourhood presents a specific and practical value proposition. Built in 1922, it’s a century-old property with 1,047 sqft of living space on a modest 2,971 sqft lot. Its current assessed value is $240,000.
The appeal here is grounded in affordability and location. The home’s value is notably below the Winnipeg city average, positioning it as an accessible entry point into the market. While the lot size is smaller than most in the area, this can translate to lower maintenance, a significant consideration for first-time buyers or those looking to downsize. The living space is comfortably in line with the local averages for Melrose and the street itself, suggesting a practical layout for a small household.
This property would best suit a pragmatic first-time homebuyer or an investor looking for a character home with a manageable footprint. It’s for someone who prioritizes getting into the market in a central neighbourhood over modern size standards or a large yard. The historical sale data, last transacting between $200k-$250k in 2016, indicates a stable value trajectory in line with its assessment.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While below average in size, a smaller lot means less yard work and lower exterior maintenance costs. It can be a practical benefit for those seeking a more manageable property.
2. How does the assessed value compare to recent sales?
The home was last sold in 2016 for an estimated $200,000-$250,000. Its current $240,000 assessment suggests its value has remained consistent in that range, which is below both the city and local street averages.
3. What should I consider with a home from 1922?
A home of this age will likely have older building systems, windows, and insulation. A thorough inspection is essential to understand the condition of the roof, foundation, wiring, and plumbing, and to budget for potential updates.
4. The rankings show it's "below average" in several categories. What does that mean?
These rankings compare it to specific groups of "comparable homes." Being below average in value, lot size, and year built primarily signals that it is a more affordable, compact, and older property than many others. This defines its market position rather than indicating a problem.
5. How can I get the exact historical sold price?
The exact sale price is not publicly listed. You can request it directly via the form on this property’s page, and the service provider will email you the accurate figure, typically by the end of the same business day.
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