51.5
Fair
Property score
51.5
Fair
Overall 51.5
Compared with neighbourhood average
987 sqft (top 42%)
Built in 1946 (1 yr 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: 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
1 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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51.5 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
329 Melrose Avenue W — 9 amenities found within 500 m, across 4 categories, including 3 dining (nearest 295 m), 2 parks (nearest 165 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 39% | Bottom 42% | Bottom 15% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 7% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 329 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This home is a classic, post-war bungalow built in 1946, offering a practical and grounded living option in Winnipeg's Melrose neighbourhood. With 987 sqft of living space and a 4,200 sqft lot, its key metrics are consistently "around average" when compared directly to its immediate street and local area. This presents a clear picture: it's a typical, well-sized home for this specific community.
The primary appeal lies in its established neighbourhood context and its value proposition. The home's assessed value is notably below the city-wide average, which can translate to a more accessible entry point into homeownership. It suits first-time buyers seeking a manageable, no-frills starter home, or pragmatic investors looking for a character property with rental potential. A thoughtful perspective is that its very "averageness" for the area is a strength—it suggests a stable, predictable investment without the premium of a trendier locale, ideal for those prioritizing practicality and community consistency over standout features.
Section 2: Frequently Asked Questions
1. How does this home truly compare in size to others?
While its living area is below the Winnipeg city average, it is very typical for Melrose. It ranks in the top half of homes on its own street and in the broader area, meaning it offers a standard, comfortable size for this neighbourhood.
2. What does the assessed value indicate?
The assessed value is a key figure for calculating property taxes, not the market price. Its value is average for Melrose but sits in the bottom 20% city-wide, which often correlates with a lower tax burden and a potentially more affordable purchase price compared to many parts of Winnipeg.
3. What should I consider about a home built in 1946?
Homes of this era offer charm and often feature solid construction. Buyers should budget for potential updates to major aging components, such as plumbing, electrical, or the roof, and consider an inspection to evaluate the current condition. The 80-year-old foundation and structure should be a key focus.
4. How stable is the property's history based on past sales?
The available data shows sales in 2017 and 2020 within the $150k-$250k range. The specific sold prices are not publicly listed, but the recorded ranges suggest steady activity. For exact historical prices, you must request the information directly via the provided email service.
5. Is the lot size a advantage?
At 4,200 sqft, the lot is slightly larger than the immediate area's average. This provides a decent outdoor space for a garden, recreation, or future additions like a shed or deck, which is a relative advantage in this neighbourhood setting.
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