46.4
Below average
Property score
46.4
Below average
Overall 46.4
Smaller and older than most nearby homes
720 sqft (bottom 13%)
Built in 1912 (35 yrs older than avg)
Located in a above-average income area
with median household income of ~71k
Transit 82.0
1-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
26% 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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46.4 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
333 Pandora Avenue W — 8 amenities found within 500 m, across 3 categories, including 3 dining (nearest 302 m), 2 parks (nearest 186 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 | Top 22% | Top 22% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 333 Pandora Avenue W in Winnipeg's Melrose neighbourhood presents a distinct profile defined by a significant contrast. It is a modest, century-old house on an exceptionally large lot. The 720 sqft living space is notably smaller than most homes in the area, while the 9,721 sqft land parcel is among the largest, ranking in the top 1% within Melrose. Built in 1912, the house carries a very low assessed value of $27,500, which is around average for the immediate vicinity but far below the Winnipeg city average. It last sold between $300k-$350k in 2019.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot size is a rare find, offering immense potential for expansion, gardening, or future redevelopment in a mature neighbourhood. The house itself is a compact, no-frills dwelling, likely requiring updates given its age. This creates a clear value proposition: you are purchasing land with an existing, functional structure.
This property would best suit a specific type of buyer: a hands-on individual or investor with a vision. It's ideal for someone looking for a footprint to build or substantially renovate a home, or for a buyer prioritizing private outdoor space over interior square footage. It could also appeal to an investor viewing it as a long-term land hold. The low assessed value suggests correspondingly low property taxes, which is a practical advantage.
1. Why is the assessed value so much lower than the last sold price?
The assessed value is for municipal tax purposes and often doesn't reflect market value, especially for unique properties. The low assessment likely reflects the age and size of the home itself, not the development potential of the large lot, which is what a buyer pays for.
2. What does the "Elite" ranking for land area mean?
This means the property's lot size is in the top 1% of all 557 comparable properties in the Melrose area. It's a standout feature that makes this property unusual in its neighbourhood.
3. Is the house livable in its current state?
While the data doesn't specify condition, the home's age (114 years) strongly suggests that significant maintenance, updates, or inspections (e.g., wiring, plumbing, foundation) will be necessary. It should be considered a project.
4. How can the last sale price be so high with such a small, old house?
The 2019 sale price reflects the market value of the combined asset: the land and the existing house. In this case, the premium is almost certainly for the development potential and rarity of such a large lot in the city.
5. What are the main considerations before purchasing?
Key considerations are your budget for potential renovations or rebuilding, a clear understanding of local zoning bylaws for what can be built on the lot, and thorough inspections to understand the true condition and needs of the existing structure.
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