51.6
Fair
Property score
51.6
Fair
Overall 51.6
Compared with neighbourhood average
1,020 sqft (top 35%)
Built in 1924 (23 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 4 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
5% larger than neighborhood avg.
Year Built
Below average
23 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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51.6 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
316 Regent Avenue W — 12 amenities found within 500 m, across 4 categories, including 5 dining (nearest 264 m), 2 parks (nearest 137 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 | Top 47% | Bottom 49% | Bottom 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 316 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, no-frills property built in 1924, offering 1,020 sqft of living space. Its primary appeal lies in its position as a modestly-sized and assessed entry point into the Melrose neighbourhood. The lot is compact at 2,700 sqft, which translates to lower maintenance. While its assessed value is below average for the street, area, and city, this also suggests a potentially accessible price point for a detached home.
The property would suit first-time buyers or practical investors seeking a straightforward, lower-cost footprint in a central Winnipeg neighbourhood. It’s a home for those prioritizing function and location over size or modern amenities. A thoughtful perspective: its age and below-average assessments could represent a canvas for someone willing to gradually add value through updates, rather than paying a premium for a fully renovated property.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value actually mean?
The home's assessed value is lower than most comparable properties on its street, in Melrose, and across Winnipeg. This typically reflects factors like the home's age, size, condition, and lot dimensions. It generally indicates a lower property tax burden and a potentially more affordable purchase price.
2. Is the small lot size a major drawback?
It depends on your priorities. The 2,700 sqft lot is significantly smaller than area averages, limiting expansive outdoor space. However, this means less yard work and lower maintenance, which can be a benefit for busy owners or those seeking a more lock-and-leave property.
3. The home is 100 years old. What should I consider?
A house from 1924 will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. While this requires diligence, well-maintained character homes of this era can offer solid construction.
4. How does this property compare to its immediate neighbours?
The data shows it's very similar in living area to nearby homes on Regent Avenue W, but it sits on a smaller lot and has a lower assessed value than the street average. This suggests it may be a more modest offering on its own block.
5. The home sold between 2022-2025. Why is the exact price not listed?
Exact sale prices in Manitoba are not publicly available in real-time. The range provided is based on public data estimates. You can request the precise sale history by emailing the listing service, which manually verifies and provides that information.
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