37.5
Below average
Property score
37.5
Below average
Overall 37.5
Smaller and older than most nearby homes
595 sqft (bottom 1%)
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
39% 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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37.5 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
335 Melrose Avenue W — 8 amenities found within 500 m, across 3 categories, including 3 dining (nearest 320 m), 2 parks (nearest 190 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 3% | Bottom 5% | Bottom 5% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 335 Melrose Avenue W, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home built in 1914, situated on a standard-sized lot in the Melrose area. Its defining characteristic is its modest 595 sqft living area, which is notably smaller than most homes on its street, in the area, and across Winnipeg. The assessed value is correspondingly low at $21,700, placing it in a more affordable tier compared to local and city-wide averages.
The primary appeal lies in its affordability and the potential it represents. It is a candidate for a minimalist lifestyle, a dedicated renovation project, or a strategic land investment given its roughly 4,050 sqft lot. The home last sold between $150k-$200k in 2020, suggesting its market value is driven more by the land and location than the existing structure. It would best suit a hands-on buyer looking for an entry point into the market, an investor comfortable with a renovation or hold strategy, or someone seeking a low-cost footprint without the burden of a large mortgage.
A less obvious perspective is that a home of this age and size offers a clear historical snapshot of early 20th-century housing, and its survival for over 110 years speaks to the durability of its original build. Its low annual property taxes, inferred from the assessed value, could also be a significant long-term financial advantage.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
As a home built in 1914, its floor plan reflects the norms and needs of that era, where homes were often more compact and efficient. Many surrounding properties have been expanded, replaced, or were simply built larger in subsequent decades.
2. What does the assessed value mean for the selling price?
The assessed value is used for calculating municipal property taxes and is typically lower than market value. The last known sale price (2020) was between $150,000 and $200,000, which is a more relevant indicator of its market worth.
3. Is this a teardown or a renovation project?
That depends on the buyer's goals and budget. The size, age, and low assessed value indicate the existing structure contributes less to the property's total value, making it a potential candidate for redevelopment. However, it could also be renovated, depending on its condition and heritage considerations.
4. How do the rankings (e.g., "Top 99%") work?
A "Top 99%" rank for living area means the home is in the bottom 1% for size—it is smaller than 99% of comparable properties. Conversely, a "Top 52%" rank for land area means the lot size is fairly average, being larger than about 52% of peers.
5. Can I get the exact historical sale price?
The exact sale prices are not publicly displayed in detail. The listing service offers to provide the precise figures manually via email upon request, at no cost and without marketing spam.
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