Property score
69.5
Good
Overall 69.5 · Larger and newer than most nearby homes
1,428 sqft (top 6%) · Built in 2021 (74 yrs newer than avg)
Located in a above-average income area with median household income of ~71k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 2 parks, and 3 place of worships nearby
Living Area
Above average
47% larger than neighborhood avg.
Year Built
Above average
74 yrs newer 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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69.5 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
357 Melrose Avenue W — 7 amenities found within 500 m, across 3 categories, including 2 dining (nearest 405 m), 2 parks (nearest 220 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 8% | Top 8% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 357 Melrose Avenue W
Key Characteristics & Appeal
This is a notably modern home in a mature neighbourhood, built in 2021. Its primary appeal lies in offering a spacious, contemporary living space without the typical maintenance concerns of an older house. At 1,428 sqft, the living area is significantly larger than most homes on its street and in the immediate area, placing it in the top 6% locally. This suggests a well-designed, efficient use of space that caters to modern needs.
The property stands out for its newness, ranking in the top 1-2% for year built in every comparison. This is a major advantage for buyers seeking move-in readiness, modern building standards, and likely lower immediate repair costs. However, the lot is compact at 2,700 sqft, which is below average for the area. This trade-off is characteristic of newer infill developments: you gain a modern home but with less outdoor space than the neighbourhood's older, established properties.
It would suit a buyer who values modern interiors, space, and low-maintenance living over a large yard. It’s ideal for professionals, small families, or downsizers looking for a newer build in a central Winnipeg location without embarking on a renovation project. The assessed value is elite for the local area but average city-wide, indicating you are paying a premium for the specific combination of new construction and location.
Frequently Asked Questions
1. Why is the assessed value so high for the area?
The assessed value reflects the home's very recent construction (2021) and its above-average living area compared to neighbouring, mostly older homes. You are effectively assessed for a new asset in an established area.
2. What are the implications of the smaller lot size?
The compact lot means minimal yard maintenance, which can be a plus for some. However, it may limit outdoor recreation space, gardening potential, and the distance between you and neighbouring homes. Parking or future expansion like a large deck or addition could also be more constrained.
3. Are there any known issues with newer infill homes like this?
While newer builds benefit from modern codes, potential buyers should still consider a thorough inspection. Specific attention can be paid to the quality of construction and finishing details, which can vary in infill projects, and ensure proper drainage on the smaller lot.
4. How does the last sold price (2021) relate to today's value?
The home sold for an estimated $350k-$400k when new. The current assessed value is a municipal valuation for tax purposes, not a market appraisal. Current market value would be influenced by factors like recent sales of comparable infill homes, interest rates, and overall market conditions since 2021.
5. What is the neighbourhood mix like with older and newer homes?
Melrose Avenue features a blend of original character homes and newer infill properties. This can create a dynamic streetscape but may also mean varying architectural styles and property maintenance standards side-by-side. It’s worth visiting at different times to get a feel for the community.
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