323 Melrose Avenue W

Melrose, Winnipeg

51.5

Fair

Overall 51.5

Compared with neighbourhood average

987 sqft (top 42%)

Built in 1947

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: 3 dining spots, 2 parks, 1 fuel station, and 3 place of worships nearby

Living Area

Near average

1% 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)

Sold Count

259

Median price

212.8k

$/sqft

$256/sqft

Avg build year

1947

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Property score

51.5 is composed by the two sections below.

Property Score

43.5Low
Living Area987 sqft42Low
Year Built194730Low
Lot Size4,200 sqft53Fair
Neighbourhood Sales Activity88Excellent

Community Score

63.4Fair
Household Income72Good
Education Level10Low
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health83Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110832

Community deep dive

$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

Population, labour & age

Population (2021)517
Labour force participation rate74%
Median age38.8
Avg household size2.2
Unemployment rate8%
Population density3976 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households36%
Couple families with children21%
Median household income (2020)$71K

Housing

Renter households21%
Condominium dwellings6%
Median dwelling value (owners)$230K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority21%
Bachelor's or higher (25–64)8%
Mother tongue (1st)English · 82%
Mother tongue (2nd)Tagalog · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
987 sqft
0255075100
Same streetTop 43%Same areaTop 42%CitywideBottom 24%
Same street · Melrose Avenue W
#148 / 342
Top 43% · Avg 980 sqft
Same area · Melrose
#232 / 557
Top 42% · Avg 973 sqft
Citywide · Winnipeg
#146,977 / 194,458
Bottom 24% · Avg 1,342 sqft

Tax-Assessed Value

below average
214k
0255075100
Same streetBottom 13%Same areaBottom 15%CitywideBottom 10%
Same street · Melrose Avenue W
#297 / 342
Bottom 13% · Avg 275k
Same area · Melrose
#471 / 557
Bottom 15% · Avg 272.5k
Citywide · Winnipeg
#174,457 / 194,458
Bottom 10% · Avg 390.1k

Year Built

around average
1947
0255075100
Same streetBottom 46%Same areaBottom 46%CitywideBottom 24%

Lot Size

around average
4,200 sqft
0255075100
Same streetTop 45%Same areaTop 44%CitywideBottom 29%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

323 Melrose Avenue W — 9 amenities found within 500 m, across 4 categories, including 3 dining (nearest 271 m), 2 parks (nearest 141 m).

Search radius
🍽️Dining3
🌳Parks2
Fuel Stations1
Worship3

Crime & Safety

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%

Sales History

Sold 12/2016CA$150k–200k
Sold price

Same street

Bottom 17%

Same area

Bottom 18%

City-wide

Bottom 9%

Related homes

Highlights & common questions: 323 Melrose Avenue W, Winnipeg

Property Overview: 323 Melrose Avenue W

Section 1: Key Characteristics & Appeal

This is a modest, post-war bungalow built in 1947, offering a practical footprint of 987 sqft on a standard 4,200 sqft lot. Its key appeal lies in its positioning as an affordable entry point into the Winnipeg market. The home’s assessed value is notably below average for its street, neighborhood, and the wider city, suggesting a lower property tax burden and potential value for a cost-conscious buyer.

The home suits first-time buyers or investors looking for a straightforward, no-frills property where the land value and location provide the foundation. It’s a typical home for Melrose Avenue, fitting right in with the scale and vintage of the area. A thoughtful perspective for a buyer here is to see beyond the smaller living area compared to the city average; this property represents a chance to own in a mature neighborhood without a premium price tag, potentially freeing up budget for updates or simply for lower ongoing costs. Its recent sale history (between $150k-$200k in 2016) and consistent below-average assessments indicate it has served as a reliable, affordable holding in the area.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by many factors, including home size, age, and specific market area. This home’s value is consistent with others on its street and in Melrose, reflecting the local market conditions for homes of this type and era.

2. What does the "Top 76%" ranking for living area city-wide mean?
It means that approximately 76% of comparable homes across Winnipeg have a larger living area. This confirms the home is more compact than the citywide average, but it is very typical for its immediate neighborhood.

3. How recent is the sold price data shown?
The last recorded sale for this property was in 2016. The price range shown ($150k-$200k) is based on public data from that time. For the exact historical sale price, you can request it via email from the site.

4. What are the implications of buying a home built in 1947?
Homes of this age offer classic character and are often solidly built, but prospective buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and ensure a thorough inspection is completed. Its age is typical for the area.

5. Is the lot size a good for future expansion or gardening?
At 4,200 sqft, the lot is slightly larger than others on the street and in the area. It provides a decent outdoor space for a garden or recreation. However, it is below the citywide average, so expectations should be set for a standard urban yard, not an expansive one.

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