37.8
Below average
Property score
37.8
Below average
Overall 37.8
Smaller and older than most nearby homes
621 sqft (bottom 3%)
Built in 1912 (35 yrs 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, 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
Below average
36% smaller than neighborhood avg.
Year Built
Below average
35 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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37.8 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
332 Melrose Avenue W — 8 amenities found within 500 m, across 3 categories, including 3 dining (nearest 297 m), 2 parks (nearest 173 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 13% | Bottom 14% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 332 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1912) on a standard city lot in Winnipeg's Melrose area. Its key characteristics are its modest scale and very low municipal assessed value. At 621 square feet, the living area is notably smaller than most homes on its street, in the area, and across the city. Similarly, its assessed value of $18,500 is significantly below average comparisons at every level. The lot size of 2,970 sq ft is more in line with local norms but is still below the citywide average.
The primary appeal lies in its position as an entry-point property. It represents one of the most accessible price points in the Winnipeg market, ideal for a first-time buyer, an investor seeking a rental property with a low tax base, or someone looking to minimize their footprint and housing costs. A thoughtful perspective is that a home of this age and size on a decent lot could appeal to a buyer with a long-term vision for a careful renovation or expansion, using the existing structure and favourable lot size as a foundation. Its last recorded sale was between $150,000 and $200,000 in 2021.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the likely sale price?
Municipal assessed value for property tax purposes is not the same as market value. It is based on a mass appraisal system and can lag behind current market conditions, especially for unique or significantly smaller properties.
2. What does the "Top 97%" ranking for living area mean?
This statistic means the home's living area is smaller than approximately 97% of comparable homes in the city. It quantifies that this is a notably compact property, which is a key factor in its lower assessed value.
3. Is a house this old a concern?
A 1912 build requires a diligent inspection. While it offers classic charm, potential buyers should budget for updates to older mechanical systems, insulation, and windows. Its longevity also suggests solid foundational construction.
4. Who would this property not suit?
It would likely not suit buyers needing multiple bedrooms, dedicated home office space, or those unwilling to take on a potential renovation project. The small living area requires efficient use of space.
5. How can I find out the exact past sale price?
The exact sold price history is not public record in Manitoba. As noted on the detail page, you can request this information by email from the service; they provide it manually without using your email for marketing.
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