Property score
56.1
Fair
Overall 56.1 · Compared with neighbourhood average
935 sqft (top 48%) · Built in 1940 (7 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Below average
7 yrs older than neighborhood avg.
Mother tongue
English · 88%Tagalog · 4%
Past 10 years Melrose sales snapshot (~80% of all data)
259
212.8k
$256/sqft
1947
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56.1 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: #46110837
$77K
Median household income
$88K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
30%
Single-person households
22%
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
400 Melrose Avenue E — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 315 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 27% | Top 27% | Bottom 34% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 39% | Top 38% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 400 Melrose Avenue E, Winnipeg
Key Characteristics & Appeal
This home presents a compelling opportunity centered on its generous, above-average lot. Built in 1940, the 935 sqft house offers living space that is typical for the established Melrose neighborhood. Its assessed value is also in line with local averages. The standout feature is the 6,821 sqft land area, which ranks in the top 1% on its street and top 3% in the broader Melrose area. This sizable yard is a significant asset, offering rare potential for expansion, gardening, or outdoor living within the city.
The appeal lies in this land-to-structure value proposition. The home itself is a manageable size for a small household or first-time buyer, while the property footprint suggests future potential. It suits a practical buyer who values space and possibility over a move-in-ready, modern finish. It would be ideal for someone with renovation or expansion plans, a buyer prioritizing outdoor space for family or hobbies, or an investor seeing the underlying value in the lot size within a mature neighborhood. Recent sale history indicates steady demand in its price range.
Frequently Asked Questions
1. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 6,821 sqft is larger than 99% of the lots on Melrose Avenue E and 97% of those in the wider Melrose area, making it a notably spacious parcel for the location.
2. The house seems smaller and older than the city average. Is that a concern?
Not for this neighborhood. The living area and year built are both very typical for Melrose, where homes are generally older and cozier. The value here is in the established community and the disproportionate size of the land compared to neighboring properties.
3. How reliable are the past sold price ranges shown?
The ranges are based on public data. For precise historical sold prices, you must request the information directly via the provided email service, as exact sale prices are not publicly disclosed in Manitoba.
4. What could the large lot size mean for me as a buyer?
Beyond privacy and outdoor space, it could provide flexibility for future additions like a garage, workshop, or home extension. It may also offer better drainage and landscaping opportunities than smaller, denser lots. However, always verify zoning bylaws and setback requirements before planning.
5. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes all property types and newer, larger homes across Winnipeg. This assessment reflects the home's specific characteristics, age, and its value within the local market context of Melrose, which features more modest, older homes.
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