Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue E): Above Average. Ranked #23 out of 342 (Top 7%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Above Average. Ranked #36 out of 557 (Top 6%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Around Average. Ranked #68,588 out of 194,457 (Top 35%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue E): Above Average. Ranked #1 out of 342 (Top 0%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Above Average. Ranked #7 out of 557 (Top 1%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Around Average. Ranked #67,302 out of 194,455 (Top 35%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue E): Above Average. Ranked #4 out of 342 (Top 1%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Above Average. Ranked #6 out of 557 (Top 1%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Above Average. Ranked #5,477 out of 194,457 (Top 3%). 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
331 Melrose Avenue E — 7 amenities found within 500 m, across 3 categories, including 3 dining (nearest 453 m), 2 parks (nearest 356 m).
Crime & safety
Waste collection schedule
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Related homes
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Is this home right for you?
Property Overview: 331 Melrose Avenue E, Winnipeg
Key Characteristics & Appeal
This home stands out for its modern build and generous interior space within its immediate neighborhood. Built in 2020, it is a notably newer construction compared to most homes on its street and in the wider Melrose area, where average build years date to the late 1940s. With 1,406 sqft of living area, it offers significantly more interior space than the typical local home, ranking in the top 7% on its street. The property’s assessed value is among the highest in the area, reflecting its modern status and larger footprint.
The appeal lies in acquiring a contemporary, low-maintenance home in an established neighborhood, avoiding the immediate renovations often needed with older properties. The lot size (2,701 sqft) is smaller than area averages, which translates to less yard upkeep—a potential benefit for those seeking a modern interior without extensive outdoor maintenance.
This property would best suit buyers prioritizing move-in readiness and modern amenities over a large yard. It’s ideal for professionals, small families, or downsizers looking for a newer build in a mature community without venturing to the outer suburbs. It may also appeal to value-conscious investors noting its strong assessed value position and recent sale history.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is below average for the street and city, it means less yard maintenance. This can be a practical advantage. However, it may limit expansion possibilities or the desire for extensive gardening or outdoor space.
2. The assessed value is in the top 1% for the area. Does this mean property taxes will be exceptionally high?
A high assessment relative to neighbors typically indicates higher property taxes, as it’s a key factor in the calculation. Prospective buyers should budget accordingly and can inquire with the city for an estimate.
3. As a 2020 build, what should I know about the builder or major components?
Given its age, major systems like the roof, HVAC, and appliances are likely still under original manufacturer warranties. It’s wise to request any builder documentation, warranty details, and permits to understand the construction quality.
4. The home sold in 2020. Is there a pattern of quick turnover?
The data shows one sale in 2020, likely its initial purchase after construction. This doesn’t indicate frequent flipping. Understanding why the current owner is selling can provide useful context.
5. How does the "above average" city-wide living area ranking compare to the "elite" local ranking?
While the home feels very spacious locally, it aligns closer to the city-wide average (Top 35%). This highlights that its size is a major advantage in its specific neighborhood context, but it is a fairly standard family-sized home across all of Winnipeg.