Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue W): Above Average. Ranked #7 out of 45 (Top 16%). The street average for comparable homes is 918 sqft.
Neighborhood Level (Melrose): Around Average. Ranked #115 out of 234 (Top 49%). The neighborhood average for comparable homes is 1,126 sqft.
Citywide Level (Winnipeg): Around Average. Ranked #13,250 out of 26,841 (Top 49%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Melrose Avenue W): Around Average. Ranked #15 out of 45 (Top 33%). The street average for comparable homes is 253.6k.
Neighborhood Level (Melrose): Around Average. Ranked #112 out of 234 (Top 48%). The neighborhood average for comparable homes is 274.0k.
Citywide Level (Winnipeg): Around Average. Ranked #11,539 out of 26,841 (Top 43%). The citywide average for comparable homes is 276.9k.
Street Level (Melrose Avenue W): Above Average. Ranked #1 out of 45 (Top 2%). The street average for comparable homes is 2014.
Neighborhood Level (Melrose): Above Average. Ranked #1 out of 234 (Top 0%). The neighborhood average for comparable homes is 2012.
Citywide Level (Winnipeg): Above Average. Ranked #5,253 out of 26,841 (Top 20%). The citywide average for comparable homes is 1990.
Melrose market pulse
How to read: Share of sales in each ~$50k price band for “melrose” (Condos, 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
313-216 Melrose Avenue W — 13 amenities found within 500 m, across 4 categories, including 6 dining (nearest 73 m), 2 parks (nearest 62 m).
Crime & safety
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 313-216 Melrose Avenue W. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 313-216 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, well-sized condominium in Winnipeg's Melrose neighbourhood. Built in 2014, its standout feature is its contemporary age, ranking it among the newest 1-2% of homes in its immediate area. This suggests a property likely requiring less immediate maintenance and featuring modern building standards and finishes.
With 993 square feet of living space, it offers above-average roominess for its specific street and is competitively sized against city-wide averages. The assessed value of $240,000 is consistent with the local market, positioning it as a mid-range option within its peer groups. Historical sales data shows it has traded within the $200k-$250k range.
The appeal lies in securing a relatively new build in an established area, offering a move-in-ready canvas. It would suit a first-time homebuyer seeking modern convenience without the premium of a brand-new unit, or a downsizer looking for a manageable, contemporary space with less upkeep than an older property. A thoughtful perspective is that its "average" valuation metrics for the area could represent stability and fair market entry, rather than standing out as overpriced or undervalued.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Year Built actually mean?
It means this unit is one of the newest constructions on its street and in the broader Melrose area. Specifically, it ranks #1 out of 45 comparable properties on Melrose Avenue W and #1 out of 234 in the Melrose area for being newer, indicating it was part of a recent development phase.
2. How does the living area compare to typical homes?
At 993 sqft, it is larger than most similar properties on its own street (top 16%). Compared to the entire city, its size is very close to the average, offering a standard amount of space without being unusually large or small.
3. Is the assessed value a good indicator of the listing or sale price?
The assessed value ($240k) is for municipal tax purposes. While it provides a benchmark, the sale price is determined by the current market. The home last sold between $200k-$250k, giving a recent historical range to consider alongside the assessment.
4. What are the implications of buying a unit built in 2014?
A 12-year-old building typically means major components like roofing, windows, and appliances are still within their functional lifespan, potentially deferring significant costs. It also implies the condo corporation has an established reserve fund and a known maintenance history.
5. How can I find out the exact past sale prices?
The provided sales data shows estimated ranges. To obtain the exact historical sale prices, you must request them directly from the source of this information, as they manually provide the precise figures via email.