51.5
Fair
Property score
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
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)
259
212.8k
$256/sqft
1947
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51.5 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
323 Melrose Avenue W — 9 amenities found within 500 m, across 4 categories, including 3 dining (nearest 271 m), 2 parks (nearest 141 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 17% | Bottom 18% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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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