Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue W): Above Average. Ranked #1 out of 45 (Top 2%). The street average for comparable homes is 918 sqft.
Neighborhood Level (Melrose): Around Average. Ranked #77 out of 234 (Top 33%). The neighborhood average for comparable homes is 1,126 sqft.
Citywide Level (Winnipeg): Around Average. Ranked #11,399 out of 26,841 (Top 42%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Melrose Avenue W): Above Average. Ranked #1 out of 45 (Top 2%). The street average for comparable homes is 253.6k.
Neighborhood Level (Melrose): Around Average. Ranked #79 out of 234 (Top 34%). The neighborhood average for comparable homes is 274.0k.
Citywide Level (Winnipeg): Around Average. Ranked #10,441 out of 26,841 (Top 39%). The citywide average for comparable homes is 276.9k.
Street Level (Melrose Avenue W): Above Average. Ranked #1 out of 45 (Top 2%). The street average for comparable homes is 2014.
Neighborhood Level (Melrose): Above Average. Ranked #1 out of 234 (Top 0%). The neighborhood average for comparable homes is 2012.
Citywide Level (Winnipeg): Above Average. Ranked #5,253 out of 26,841 (Top 20%). The citywide average for comparable homes is 1990.
Melrose market pulse
How to read: Share of sales in each ~$50k price band for “melrose” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
401-216 Melrose Avenue W — 13 amenities found within 500 m, across 4 categories, including 6 dining (nearest 73 m), 2 parks (nearest 62 m).
Crime & safety
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 401-216 Melrose Avenue W. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview
This condominium at 401-216 Melrose Avenue W presents a modern, low-maintenance living option in Winnipeg. Built in 2014, it offers 1,059 sqft of living space. The standout feature is its strong performance within its immediate context: it ranks in the top 2-3% of properties on Melrose Avenue for living area, assessed value, and year built, indicating it is a premier unit on its street. Its appeal lies in this relative advantage—offering more space and newer construction than most direct neighbours—while its city-wide metrics show it is a solidly average property in terms of size and value, suggesting a realistic market position. It would suit a first-time buyer or downsizer seeking a modern build with minimal upkeep, and who values being a top-tier property within a specific block or complex over competing in city-wide luxury segments. A thoughtful perspective is that its elite street ranking may offer a sense of value and pride of place that isn't immediately apparent from the broader city data alone.
Frequently Asked Questions
1. How does this property compare to others in the area?
Within its specific street (Melrose Avenue W), this unit ranks in the top 2% for living area, assessed value, and year built, meaning it is a newer and larger offering compared to most neighbours. In the wider Melrose area and city-wide, it sits around the average, making it a strong local performer.
2. What is the exact sold price history?
The public data shows sold price ranges: CA$250k–300k in 2024 and CA$200k–250k in 2021. The exact sale prices are not publicly listed, but can be requested by email from the listing service, which provides them manually.
3. What does the "Elite" or "Top X%" ranking mean?
These rankings compare this specific property against groups of "comparable homes" on its street, in its area, and city-wide. For example, a "Top 2%" rank on its street means it outperforms 98% of comparable properties on Melrose Avenue W for that metric (like size or value).
4. Is this a good investment based on the data?
The data shows a positive trajectory in sold price ranges between 2021 and 2024. Its assessed value is consistent with city-wide averages, and its modern build year (2014) may mean lower near-term maintenance costs, which are attractive factors.
5. Where can I see more details about the neighbourhood?
You can open the dedicated neighbourhood analysis page for this property to see it on a map alongside nearby houses, with detailed comparisons of year built, living area, assessed value, and lot size.