40.4
Below average
Property score
40.4
Below average
Overall 40.4
Smaller and older than most nearby homes
771 sqft (bottom 22%)
Built in 1914 (33 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
21% smaller than neighborhood avg.
Year Built
Below average
33 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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40.4 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
334 Melrose Avenue W — 8 amenities found within 500 m, across 3 categories, including 3 dining (nearest 305 m), 2 parks (nearest 181 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 49% | Top 48% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 334 Melrose Avenue W
Key Characteristics & Buyer Profile
This home is a compact, early 20th-century property built in 1914, offering 771 square feet of living space on a 2,970 square foot lot. Its assessed value is notably lower than city-wide averages, positioning it as an accessible entry point into the Winnipeg market.
The primary appeal lies in its affordability and potential. It represents a classic "starter home" or a strategic investment property, particularly for those willing to undertake updates. A thoughtful perspective is its established location on a street with homes of varying ages and sizes, suggesting a mature, non-uniform neighbourhood character. It suits first-time buyers prioritizing location over size, hands-on investors looking for a value-add project, or downsizers seeking a manageable footprint with lower property taxes.
While its living area and lot size are below average for its immediate area and the city, this translates to a lower price threshold and less maintenance. The home last sold between 2022-2025, providing a relatively recent market reference point.
Frequently Asked Questions
1. What does the "below average" ranking for living area and lot size actually mean?
It means this property is smaller than most comparable homes in its immediate neighbourhood, on its street, and across Winnipeg. This is the key factor behind its lower assessed value and likely listing price.
2. Is a house from 1914 a concern?
It requires careful consideration. While it offers charm, a professional inspection is essential to evaluate the condition of foundational elements, plumbing, electrical systems, and insulation. Its age is older than about 90% of homes on its street.
3. How reliable is the "Sold 2022 CA$200k–250k" price shown?
This is a public data range, not the exact sale price. The listing notes you can request the exact price via email from the site, as they manually verify official records.
4. Who might this property NOT be suitable for?
It may not suit buyers who need ample indoor space, a large yard, or who want a move-in-ready home without any renovation projects. Families requiring multiple bedrooms or dedicated workspace might find it too compact.
5. The assessed value seems very low compared to the city average. Why?
The city-wide average (approx. $390k) includes all types of homes. This property's assessed value ($23,200) reflects its smaller size, older age, and specific market area. It's more aligned with values in its local neighbourhood, where averages are in the $27k range.
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