Property score
41.2
Below average
Overall 41.2 · Smaller than most nearby homes
596 sqft (bottom 2%) · Built in 1949 (2 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
Below average
39% smaller than neighborhood avg.
Year Built
Near average
2 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
41.2 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: #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
403 Melrose Avenue W — 7 amenities found within 500 m, across 3 categories, including 2 dining (nearest 480 m), 2 parks (nearest 246 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 16% | Bottom 17% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Section 1: Property Overview
This home at 403 Melrose Avenue W is a compact, post-war bungalow built in 1949, sitting on a standard city lot. Its key characteristic is its modest scale: with approximately 596 square feet of living space, it is notably smaller than most homes in Winnipeg, ranking in the bottom 1-2% citywide for size. This is reflected in its assessed value of $200,000, which is significantly below the city average, placing it in the bottom 10% for value.
The primary appeal lies in its affordability and efficiency. It represents a genuine entry point into the Winnipeg housing market with lower property taxes and maintenance demands. The lot size of 3,299 sq ft is typical for the immediate area, offering outdoor space without being overwhelming. It suits first-time buyers or investors seeking a low-cost foothold, or downsizers looking to minimize space and expense. A thoughtful perspective is that its below-average metrics are precisely what create its accessibility; it’s a practical, no-frills property for those who prioritize financial pragmatism over square footage. Its age and size suggest it may be a candidate for a thoughtful renovation or could serve as a long-term, low-cost holding.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is closely tied to the home's very modest living area (596 sq ft), which is less than half the Winnipeg average. Smaller homes typically generate lower assessments, making this a more affordable option.
2. How does the sold price history help determine its value?
The home sold between $150,000 and $200,000 in 2020. This range provides a concrete benchmark for its market value several years ago, which is essential context when considering its current assessed value and any potential listing price.
3. Is the smaller living area a major drawback?
It depends on your needs. For a single person, couple, or downsizer, it can be efficient and cost-effective. However, for a growing family or those needing home office space, it would feel very compact. The data shows it's among the smallest homes in the city.
4. What does the "around average" ranking for Year Built mean for the neighborhood?
Built in 1949, the home is typical for Melrose and the surrounding area, where many homes were built in the late 1940s. This means infrastructure and community character are established, but it also suggests that major original components may be nearing the end of their lifespan.
5. Who provides the exact sold price, and why isn't it public?
The exact sold price is not publicly disclosed in Manitoba's historical records. The listing service offers to provide it manually via email upon request, which is a common practice to ensure accuracy while verifying genuine user interest.
