Property score
49.2
Below average
Overall 49.2 · Smaller but newer than most nearby homes
782 sqft (bottom 25%) · Built in 2006 (59 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
Below average
20% smaller than neighborhood avg.
Year Built
Above average
59 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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49.2 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
359 Melrose Avenue W — 7 amenities found within 500 m, across 3 categories, including 2 dining (nearest 413 m), 2 parks (nearest 221 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 10% | Top 10% | Top 49% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 44% | Top 43% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 359 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and practical urban living. Built in 2006, it is a notably newer construction compared to most homes on its street and in the wider Melrose area, where the average home is decades older. This suggests updated building systems, materials, and potentially lower immediate maintenance needs.
The appeal lies in this modern foundation paired with a manageable scale. With 782 sqft of living space, it is a compact home, well-suited for individuals, couples, or small families seeking efficiency without the upkeep of a larger, older property. The assessed value of $310k is strong for its immediate area, indicating it is perceived as a premium property within its local context.
It would best suit a first-time homebuyer or downsizer looking for a modern, low-maintenance home in an established neighbourhood. It’s also a practical choice for an investor seeking a relatively new rental property that would stand out in a market of older housing stock. A less obvious perspective is that the smaller lot size (2,700 sqft) translates to less yard work, aligning perfectly with a lock-and-leave or busy professional lifestyle, while still providing private outdoor space.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
Yes, from an assessment perspective. Its value ranks in the top 24% on Melrose Avenue W, meaning it is assessed higher than most of its neighbours. This is largely driven by its much newer construction date (2006 vs. an area average from the 1940s).
2. What are the main trade-offs with this property?
The trade-off for a newer, modern home is space. Both the living area and the lot size are below the local and city-wide averages. You are gaining modern construction but with less square footage indoors and outdoors than a typical Winnipeg home.
3. How has the property’s value changed over time?
Based on available sold price ranges, the property sold between $200k-$250k in 2017 and between $300k-$350k in 2022. This indicates significant appreciation over that five-year period.
4. What does the “Elite” ranking for Year Built mean?
It means this home is among the newest 5% of properties in the Melrose area. On its specific street, it ranks 16th newest out of 342 homes, highlighting how uncommon a post-2000 build is in this neighbourhood.
5. Who might this property not be suitable for?
It may not suit buyers who prioritize expansive living areas, large gardens, or the classic character of an older home. Families needing multiple bedrooms or significant storage space might find it too compact.
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