39.5
Below average
Property score
39.5
Below average
Overall 39.5
Smaller and older than most nearby homes
624 sqft (bottom 4%)
Built in 1920 (27 yrs older than avg)
Located in a above-average income area
with median household income of ~71k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 5 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
Below average
36% smaller than neighborhood avg.
Year Built
Below average
27 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
39.5 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
314 Regent Avenue W — 11 amenities found within 500 m, across 4 categories, including 5 dining (nearest 256 m), 2 parks (nearest 129 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 5% | Bottom 4% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 314 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its modest scale and exceptional affordability. Built in 1920, its 624 sqft living area is notably compact, ranking it among the smallest homes in the Melrose area and citywide. The lot size of 3,700 sqft is more typical for the immediate neighbourhood. The most striking characteristic is its assessed value of $15,200, which is significantly lower than averages for the street, area, and city, indicating very low property taxes.
Its primary appeal lies in being a true entry-point into homeownership with minimal ongoing tax liability. It last sold for an estimated $150k-$200k in 2022, reinforcing its position as a budget-conscious option. The appeal is less about the home itself and more about the land and location at an accessible price point.
This property would best suit a highly cost-sensitive buyer, such as a first-time investor looking for a rental property with low carrying costs, or a hands-on owner willing to live minimally while potentially expanding or redeveloping the existing structure in the future. It is not suited for those needing move-in-ready space or conventional room layouts.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the likely sale price?
Assessed value for tax purposes is not the same as market value. This low assessment suggests the property has not been substantially renovated or reassessed in some time, resulting in low annual property taxes—a key financial benefit for the owner.
2. What can I realistically do with a 624 sqft home?
This requires efficient use of space. It may function as a one-bedroom home or a compact two-bedroom. Buyers should plan for creative storage solutions and multifunctional rooms. The value may be in its potential for a careful addition or as a candidate for eventual replacement, subject to local zoning.
3. The home is over 100 years old. What should I be concerned about?
A home from 1920 will likely require thorough inspections for foundational integrity, outdated wiring, plumbing, and insulation. While it has stood for a century, maintenance and modernization costs should be a central part of your budgeting.
4. How does the lot size compare, and does it offer potential?
At 3,700 sqft, the lot is fairly average for the Melrose area but below the Winnipeg average. It does provide a decent outdoor space relative to the home's small footprint and could allow for a garden, shed, or future expansion if bylaws permit.
5. Where can I find the exact historical sale price?
The listing service provides estimated sale price ranges from public data. You can request the exact sale price by emailing them directly; they provide this verified information manually upon request at no cost.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
