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): Below Average. Ranked #23 out of 45 (Bottom 49%). The street average for comparable homes is 253.6k.
Neighborhood Level (Melrose): Below Average. Ranked #128 out of 234 (Bottom 45%). The neighborhood average for comparable homes is 274.0k.
Citywide Level (Winnipeg): Around Average. Ranked #11,620 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
314-216 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
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview
This property at 314-216 Melrose Avenue W is a modern, efficiently sized home built in 2014. Its primary appeal lies in its relative newness compared to its surroundings, offering a move-in-ready condition with likely lower maintenance needs. With 993 square feet of living space, it provides a practical layout that is notably larger than many similar homes on its street. Its assessed value is consistent with area averages, suggesting a stable, market-aligned investment.
Key Characteristics & Ideal Buyer
The standout feature is the home's age. Built in 2014, it ranks in the top 1-2% for newness within its immediate neighborhood and broader area, a significant advantage in a city where the average comparable home was built around 1990. This modern construction typically translates to updated building standards, energy efficiency, and fewer immediate repair concerns. The living space is above average for Melrose Avenue W itself, offering more room than most direct neighbors, while being competitively sized city-wide.
This home would suit a first-time buyer or downsizer seeking a modern, low-maintenance property without the premium often attached to brand-new builds. It’s also a practical choice for an investor looking for a relatively new asset in a stable market. The data suggests it’s not an outlier in price or size, but offers a smart compromise: newer construction without a drastic premium, in a well-established setting.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value is very close to the street average, indicating it is priced in line with the local market rather than being over- or under-valued based on its core features.
2. What does the "Elite" ranking for year built mean?
It means this home is among the newest, if not the newest, in its direct vicinity. On Melrose Avenue W, it ranks 1st out of 45 comparable properties for its recent build year.
3. Is the living space sufficient for a small family?
At 993 sq ft, it is larger than many homes on its street but slightly below the area average. It is well-suited for individuals, couples, or a small family comfortable with efficient space planning.
4. What can the past sold prices tell me?
The home sold in 2019 and 2021 within the $200k-$250k range. These past sales, aligned with average market ranks, show stable value history without extreme fluctuations, which can indicate a reliable investment.
5. Why is the city-wide average living area larger?
The city-wide comparison includes a vast mix of home styles and neighborhoods. This property’s size is "around average" (top 49%) in that broader context, but it offers more space than typical homes on its specific street, which is a key local advantage.