Property score
40.7
Below average
Overall 40.7 · Smaller and older than most nearby homes
675 sqft (bottom 6%) · Built in 1918 (29 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: 2 dining spots, 2 parks, and 3 place of worships nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Below average
29 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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40.7 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
361 Melrose Avenue W — 7 amenities found within 500 m, across 3 categories, including 2 dining (nearest 424 m), 2 parks (nearest 224 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 17% | Bottom 18% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 361 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1918) on a notably generous lot in Winnipeg's Melrose area. Its key characteristic is the significant disparity between its modest 675 sqft living space and its larger-than-average 4,800 sqft land area. The home's assessed value and recent sold price are well below city-wide averages, reflecting its smaller size and age.
The primary appeal lies in its land potential. The lot size is above average for the immediate area, offering valuable outdoor space or future expansion possibilities rare for the price point. It suits a specific buyer: a hands-on individual or investor looking for an affordable entry into the market, who values land over a move-in-ready interior. This could be a renovator with a long-term vision, someone seeking a manageable footprint with room for a large garden or workshop, or an investor considering future redevelopment, subject to zoning. It is not suited for those requiring modern, spacious living without immediate renovation plans.
A less obvious perspective is that a home of this age and profile often sits on a settled lot with mature trees, offering established greenery that newer subdivisions lack. Its below-average metrics also suggest property tax obligations may be relatively lower.
Section 2: Frequently Asked Questions
1. What does the "Top 94%" ranking for living area mean?
It means the home's living space (675 sqft) is smaller than approximately 94% of comparable homes in the city, confirming it is a compact dwelling.
2. Is the land size a positive feature?
Yes. At 4,800 sqft, the lot is larger than most in the Melrose area, which is its standout asset. This provides more private outdoor space and potential options not available on a standard lot.
3. What should I consider due to the home's age (1918)?
While offering classic charm, a 108-year-old home will likely require careful attention to foundational, electrical, plumbing, and insulation systems. Budgeting for updates and maintenance is essential.
4. The assessed value seems very low compared to the city average. Why?
Assessed value is for municipal tax purposes and is influenced heavily by the home's size, age, and recent sales in the area. The low assessment reflects the home's compact living area and older construction compared to the broader city housing stock.
5. Who would this property not be a good fit for?
It would likely not suit buyers seeking a turnkey, modern home, those needing multiple bedrooms or ample indoor living space, or anyone unwilling to undertake potential renovations or manage the upkeep of an older structure.
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