Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue E): Below Average. Ranked #204 out of 342 (Bottom 40%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #323 out of 557 (Bottom 42%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #167,021 out of 194,457 (Bottom 14%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue E): Below Average. Ranked #240 out of 342 (Bottom 30%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Below Average. Ranked #376 out of 557 (Bottom 32%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #169,401 out of 194,455 (Bottom 13%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue E): Below Average. Ranked #185 out of 342 (Bottom 46%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Below Average. Ranked #303 out of 557 (Bottom 46%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #147,195 out of 194,457 (Bottom 24%). The citywide average for comparable homes is 1966.
Street Level (Melrose Avenue E): Below Average. Ranked #213 out of 342 (Bottom 38%). The street average for comparable homes is 4,095 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #353 out of 557 (Bottom 37%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #157,125 out of 194,457 (Bottom 19%). 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
301 Melrose Avenue E — 10 amenities found within 500 m, across 5 categories, including 4 dining (nearest 336 m), 1 education (nearest 459 m), 3 parks (nearest 333 m).
Crime & safety
Waste collection schedule
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Related homes
Nearby interested homes
Address · Year Built · Living Area
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Summary: 301 Melrose Avenue E, Winnipeg
Key Characteristics & Buyer Appeal
This is a modest, post-war bungalow built in 1947, offering a practical 872 sqft of living space on a 3,501 sqft lot in the Melrose neighbourhood. The data reveals a home that is very typical for its immediate street and area in terms of size, age, and lot, but sits below the Winnipeg city averages in these categories. Its most defining characteristic is its significantly below-average assessed value, which is consistent from the street level right up to the city-wide comparison.
The appeal lies in its affordability and functionality as a starter home or a straightforward investment property. It suits first-time buyers seeking an entry point into the market without premium costs, or practical investors looking for a rental property with a lower tax assessment. A less obvious perspective is that its "average for the area" status provides a stable, predictable benchmark; there's little risk of over-improving for the neighbourhood, which can be a prudent approach for a hands-on owner. The lot size, while smaller than the city average, is manageable for low-maintenance living or a simple garden.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's characteristics and market area. This home's smaller size, older age, and typical lot for its neighbourhood result in an assessment that is below the broader Winnipeg average, which includes many newer and larger homes.
2. What does the "sold price" range (CA$200k–250k in 2016) tell me?
It provides a historical benchmark from nearly a decade ago, indicating the home's market value at that time. For a current valuation, this should be considered alongside more recent sales, market conditions, and the home's present state.
3. How should I interpret the ranking percentages (e.g., Top 60% for Living Area)?
These rankings compare this property to groups of "comparable homes." For example, "Top 60%" for living area on its street means its square footage is greater than 60% of similar homes on Melrose Avenue E. It's a relative measure of how it stacks up against its immediate peers.
4. Is a 1947 home a concern?
Not inherently. Many homes of this era in Winnipeg are solidly built. However, it does mean that major systems (like plumbing, electrical, or the roof) may be at or beyond their typical lifespan, so a thorough inspection is essential to understand the condition and any needed updates.
5. Who might the "similar assessed value" properties be relevant for?
These listings show other homes with the same municipal tax assessment. They can be useful for identifying alternative options in your budget range from a property tax perspective, though they may be in different neighbourhoods and have different features.