57.9
Fair
Property score
57.9
Fair
Overall 57.9
Larger than most nearby homes
1,112 sqft (top 23%)
Built in 1946 (1 yr older than avg)
Located in a above-average income area
with median household income of ~71k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 6 dining spots, 2 parks, 1 fuel station, and 3 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
14% larger than neighborhood avg.
Year Built
Near average
1 yrs older than neighborhood avg.
Mother tongue
English · 83%Tagalog · 3%
Past 10 years Melrose sales snapshot (~80% of all data)
259
212.8k
$256/sqft
1947
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57.9 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: #46110832
$71K
Median household income
$87K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
36%
Single-person households
21%
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
311 Melrose Avenue W — 12 amenities found within 500 m, across 4 categories, including 6 dining (nearest 224 m), 2 parks (nearest 94 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 22% | Bottom 22% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 311 Melrose Avenue W
Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and location. Built in 1946, its 1,112 sqft living area is notably larger than many comparable homes on its street and in the broader Melrose area, placing it in the top 23% for size locally. This offers more room than typical for the neighbourhood. The lot is a standard 4,200 sqft, consistent with area norms.
The primary appeal lies in a significant contrast: while the home offers above-average living space for its immediate area, its assessed value of $190k is well below averages at every geographic level—street, area, and city-wide. This disconnect suggests potential value for a buyer willing to invest in updates. The last known sale was between $150k-$200k around 2020.
It would suit a practical buyer or investor looking for a larger footprint in an established neighbourhood without a premium price tag. It’s a candidate for a live-in renovation, offering the space to grow into, or a solid rental property basis given the lot size and square footage relative to its valuation.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily indicates the city’s valuation for tax purposes is low relative to other homes, which can mean lower property taxes. It often reflects the home’s age and condition rather than its market potential or land value.
2. How does the living area compare to a typical new home?
While above average for its 80-year-old neighbourhood, the living space is modest by modern city-wide standards, where averages are closer to 1,342 sqft. It offers more room than nearby peers but in a classic, older layout.
3. What does the sold price history tell us?
The 2020 sale range ($150k-$200k) and current assessed value ($190k) suggest a stable value bracket. The wide range indicates the final price is highly sensitive to the home’s condition and updates, more so than newer properties.
4. Are the nearby similar-value properties good comparables?
The listed comparables with the same assessed value are all apartment units, not single-family homes. This highlights that 311 Melrose Avenue W, as a house on a 4,200 sqft lot, represents a different type of asset entirely at this price point.
5. What’s the main takeaway from the neighbourhood rankings?
The data paints a picture of a home that is a standout for size within its local context but is priced (and assessed) like a much more modest property. This creates an opportunity centred on the existing structure and land, rather than the finish level.
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