Property score
64.6
Fair
Overall 64.6 · Larger than most nearby homes
1,350 sqft (top 8%) · Built in 1955 (8 yrs newer than avg)
Located in a above-average income area with median household income of ~76.5k
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
Above average
39% larger than neighborhood avg.
Year Built
Near average
8 yrs newer than neighborhood avg.
Mother tongue
English · 76%Tagalog · 6%
Past 10 years Melrose sales snapshot (~80% of all data)
259
212.8k
$256/sqft
1947
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64.6 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: #46110833
$77K
Median household income
$88K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
35%
Single-person households
20%
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
401 Melrose Avenue W — 7 amenities found within 500 m, across 3 categories, including 2 dining (nearest 470 m), 2 parks (nearest 242 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 16% | Top 17% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 401 Melrose Avenue W
Key Characteristics & Appeal
This home presents a compelling value proposition centered on space and location. Built in 1955, its primary standout feature is its generous 1,350 sqft living area, which ranks in the top 9% for size on its street and in the immediate Melrose area. This means you get significantly more interior space than most neighbouring homes, which average around 980 sqft. The lot size of 3,299 sqft is typical for the local area, offering a standard urban yard.
The appeal lies in this "more house for the money" dynamic within a mature neighbourhood. Its assessed value is consistent with local averages, suggesting it is priced in line with the immediate community rather than city-wide trends. A sale in the 2021-2025 period for an estimated $300k-$350k supports this positioning. It would suit practical buyers—perhaps young families, space-seeking downsizers, or value-oriented investors—who prioritize interior square footage over a large lot or a newer build. It’s a home for those who see the potential in a well-located, older character property where the space inside is the real advantage.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
Very favorably. With 1,350 sqft, it is substantially larger than the average home on Melrose Avenue W (approx. 980 sqft), placing it in the top 10% for living area in the immediate vicinity.
2. Is the assessed value high for the area?
No, it is quite typical. The assessed value of $29,800 is around the local average for both the street and the broader Melrose area, indicating it is not an outlier in terms of municipal valuation.
3. What should I consider about a home built in 1955?
While the building’s age is average for the neighbourhood, a home from this era may have original systems, wiring, or plumbing that could require updating. A thorough inspection is essential to understand the condition and any modernizations already completed.
4. Why is the city-wide ranking for lot size lower?
The lot is a standard size for its established inner-city neighbourhood. The "below average" city-wide ranking reflects that newer suburban developments typically have larger lots, which skews the overall city average upward.
5. Can I get the exact historical sale price?
The precise sale price is not publicly listed. The listing service offers to provide the exact figure manually via email upon request, with the noted last sale occurring between 2021 and 2025 in the $300,000 to $350,000 range.
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