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 #13 out of 45 (Top 29%). The street average for comparable homes is 253.6k.
Neighborhood Level (Melrose): Around Average. Ranked #108 out of 234 (Top 46%). The neighborhood average for comparable homes is 274.0k.
Citywide Level (Winnipeg): Around Average. Ranked #11,411 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
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
316-216 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
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Similar assessed value
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Is this home right for you?
Property Overview: 316-216 Melrose Avenue W
Key Characteristics & Appeal
This 993 sqft home, built in 2014, stands out in its Melrose/Winnipeg context for its relative newness. Its construction date places it in the top tier for modern builds within its immediate area, offering a key advantage of newer systems, materials, and likely lower immediate maintenance compared to many neighbouring, older properties. The appeal lies in this modern foundation within an established neighbourhood. The home’s efficient size and recent sale history suggest it is positioned as an accessible entry point into homeownership. It would particularly suit first-time buyers or downsizers seeking a low-maintenance, modern property without the premium often attached to brand-new suburban builds. A thoughtful perspective is that while the living area is compact, its newer construction could mean more efficient use of that space compared to older layouts. The data indicates it is a property that ranks highly for its newness locally but sits in a more moderate range for size, presenting a specific value proposition: modern condition in a convenient, established location.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 96% in same street") actually mean?
This percentile ranking compares this specific property against others on the same street, in the neighbourhood, or across Winnipeg. For example, "Top 96% in same street" for year built means it is newer than 96% of homes on Melrose Avenue, highlighting its modern status in an older area.
2. Why is the assessed value significantly different from the last sale price?
The last recorded sale was in May 2020 for $210,000. The current assessed value of $23,900 is for municipal tax purposes only and is not an indicator of market value. Market value is determined by current sale prices of comparable homes.
3. Are there any obvious concerns based on the provided data?
The listing notes "No Basement," which is a significant feature for some buyers regarding storage or utility space. Additionally, the absence of a garage means parking and storage will need to be considered.
4. The home sold for $210k in 2020. What does that tell me?
It provides a historical benchmark, confirming the property has changed hands relatively recently in a known market. It suggests the seller at that time saw value in a modern build, but current market conditions will determine today's price.
5. What can I learn from the "People also viewed" and "Nearby" listings?
These listings provide context. You're seeing comparable homes in Victoria West and Kern Park, which are similar or adjacent neighbourhoods. It helps illustrate what else is available in your price and size range, highlighting that this property competes on its modern build rather than sheer size.