55.1
Fair
Property score
55.1
Fair
Overall 55.1
Larger than most nearby homes
1,065 sqft (top 28%)
Built in 1947
Located in a above-average income area
with median household income of ~71k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 4 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
Above average
9% larger than neighborhood avg.
Year Built
Near average
0 yrs newer 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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55.1 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
317 Melrose Avenue W — 10 amenities found within 500 m, across 4 categories, including 4 dining (nearest 247 m), 2 parks (nearest 117 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 49% | Top 47% | Bottom 19% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 20% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 317 Melrose Avenue W is a well-established, mid-century bungalow that presents a practical and straightforward opportunity. Built in 1947, it sits on a standard city lot and offers a living space that is notably roomier than many of its immediate neighbors. Its appeal lies in its position as a solid, no-frills property in a mature neighborhood, offering more interior space than typical for the area at a very accessible price point. The data suggests it's a home that has been priced consistently below the wider city average, making it a value proposition within its local context.
It would suit first-time buyers seeking a functional starter home with room to grow, or investors looking for a manageable rental property. It’s less suited for those seeking a modern, turn-key home or a larger suburban-style lot, as its age and average city-wide rankings in those categories indicate likely updates and a standard urban footprint.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
The living area of 1,065 sqft is above average for both Melrose Avenue and the broader Melrose neighborhood, placing it in the top 30% locally. This means it offers more interior space than most comparable homes on the street.
2. What is the significance of the assessed value being so much lower than the city average?
The assessed value of approximately $25k is dramatically lower than the city-wide average of $390k. This primarily reflects a much lower property tax base, which is a ongoing cost advantage. It does not directly dictate market sale price, as seen in the 2024 sold price range of $200k-$250k, but it indicates the home is in a more affordable segment of the market.
3. The home was built in 1947. What should I consider?
As a home from the late 1940s, prospective buyers should budget for updates to major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential. On a positive note, homes of this era often feature solid construction and simpler, more modifiable layouts.
4. The sold price history shows a significant increase between 2017 and 2024. Is this typical?
The price increased from the $150k-$200k range in 2017 to $200k-$250k in 2024. While the market has appreciated, this growth is moderate. The home’s value appears to have remained consistently within an affordable band, suggesting it may be less susceptible to dramatic market swings than higher-priced properties.
5. How usable is the 4,200 sqft lot?
The lot size is typical for the area, offering a standard backyard space for a city home. It is below the city-wide average, so expectations should be set for a traditional urban yard rather than an expansive outdoor area. Its average ranking locally means it provides the norm for outdoor space in that specific neighborhood.
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