Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue E): Below Average. Ranked #339 out of 342 (Bottom 1%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #550 out of 557 (Bottom 1%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #193,518 out of 194,457 (Bottom 0%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue E): Below Average. Ranked #329 out of 342 (Bottom 4%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Below Average. Ranked #526 out of 557 (Bottom 6%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #184,505 out of 194,455 (Bottom 5%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue E): Below Average. Ranked #208 out of 342 (Bottom 39%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Below Average. Ranked #343 out of 557 (Bottom 38%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #152,216 out of 194,457 (Bottom 22%). The citywide average for comparable homes is 1966.
Street Level (Melrose Avenue E): Below Average. Ranked #305 out of 342 (Bottom 11%). The street average for comparable homes is 4,095 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #500 out of 557 (Bottom 10%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #180,077 out of 194,457 (Bottom 7%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
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.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
327 Melrose Avenue E — 8 amenities found within 500 m, across 4 categories, including 3 dining (nearest 438 m), 2 parks (nearest 355 m).
Crime & safety
Waste collection schedule
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Related homes
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Is this home right for you?
Property Overview: 327 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, historically modest home built in 1945. Its key characteristic is its exceptionally low municipal assessed value ($17,300), which places it in the bottom 5% citywide. The living space (572 sq ft) is notably smaller than most homes in the area, ranking in the bottom 1% for its size locally. The lot, while smaller than area averages, is a manageable 2,701 sq ft.
The primary appeal lies in its position as one of the most accessible entry points into the Winnipeg market. It suits a very specific buyer: someone seeking the absolute lowest barrier to entry for homeownership, an investor looking for a minimal-cost holding property, or a buyer with plans for a complete rebuild. Its recent sale history (sold between $100k-$150k in 2021) suggests it trades significantly above its assessed value, indicating the land holds the worth. A thoughtful perspective is that this property represents a "blank canvas" opportunity—the existing structure is less significant than the potential of the lot itself, making it a strategic play for a long-term holder or someone willing to invest in new construction.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the likely sale price?
Municipal assessments for older, very small homes often reflect the depreciated value of the structure itself. The market price is typically driven by the underlying land value and development potential, which the assessment may not fully capture.
2. What does the "Top 99%" ranking for living area mean?
This means the home's square footage is smaller than approximately 99% of comparable properties in the area. It confirms this is a notably compact home, even for its neighbourhood.
3. Is this a teardown property?
Given its age, size, and low assessed value relative to land value, it is a strong candidate for redevelopment. However, this depends on the buyer's plans, the home's current condition, and local zoning regulations.
4. Who would this property suit best?
It best suits a budget-conscious first-time buyer comfortable with a very small footprint, a land-banking investor, or a builder planning a new home. It is less suited for those seeking move-in-ready space or traditional family-sized rooms.
5. How reliable are the sold price ranges shown?
The ranges are based on public data and provide a general benchmark. For the precise historical sale price, you must request the exact figure via the provided email service, as this information is manually verified.