Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Regent Avenue E): Around Average. Ranked #71 out of 242 (Top 29%). The street average for comparable homes is 974 sqft.
Neighborhood Level (Melrose): Around Average. Ranked #160 out of 557 (Top 29%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #126,262 out of 194,457 (Bottom 35%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Regent Avenue E): Above Average. Ranked #18 out of 242 (Top 7%). The street average for comparable homes is 289.2k.
Neighborhood Level (Melrose): Above Average. Ranked #50 out of 557 (Top 9%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #110,982 out of 194,455 (Bottom 43%). The citywide average for comparable homes is 435.4k.
Street Level (Regent Avenue E): Above Average. Ranked #36 out of 242 (Top 15%). The street average for comparable homes is 1952.
Neighborhood Level (Melrose): Above Average. Ranked #77 out of 557 (Top 14%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #99,384 out of 194,457 (Bottom 49%). The citywide average for comparable homes is 1966.
Street Level (Regent Avenue E): Below Average. Ranked #151 out of 242 (Bottom 38%). The street average for comparable homes is 4,118 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #322 out of 557 (Bottom 42%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #148,838 out of 194,457 (Bottom 23%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
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.
- 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
406 Regent Avenue E — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 296 m).
Crime & safety
Waste collection schedule
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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 & Key Characteristics
This home at 406 Regent Avenue E in Winnipeg's Melrose neighbourhood presents a compelling case for value-focused buyers. Built in 1967, its key appeal lies in its strong relative standing within its immediate area. The 1,064 sqft living space is notably above average for both the street and the neighbourhood, offering more room than many nearby comparables. A significant characteristic is the assessed value of $34,600, which ranks in the top 10% locally, suggesting the property is assessed more highly than most in its peer group—a point that merits consideration for both its perceived value and property tax implications.
The lot size of 3,850 sqft is typical for the area but smaller than the Winnipeg city average, indicating a more manageable yard with less maintenance. The home last sold between $250k-$300k in 2016. Its appeal is grounded in being a larger, well-assessed property on its block, suited for a first-time homebuyer, practical investor, or downsizer seeking a established neighbourhood character without a massive lot to upkeep. A thoughtful perspective is that while it outperforms its local peers in metrics like size and assessed value, it is a very average property by broader city standards, making it a solid community-centric choice rather than a standout city-wide.
Frequently Asked Questions
1. What does the high local assessed value ranking mean?
Ranking in the top 10% locally means the municipal assessment is higher than 90% of similar homes on the street and in Melrose. This can indicate the property is valued favourably by assessors, but it also directly influences the calculation of your property taxes.
2. Is the living space adequate for a small family?
At 1,064 sqft, the living area is above the local average (~974 sqft), providing more space than many neighbouring homes. It could suit a small family, but checking the specific room layout and number of bedrooms is essential.
3. How does the lot size compare?
The 3,850 sqft lot is very typical for Regent Avenue E and Melrose. It’s smaller than the Winnipeg average, which often includes newer suburbs with larger lots, but here it means a more manageable yard.
4. The home was built in 1967. What should I consider?
A home of this age will likely have had several updates. It's crucial to investigate the condition and age of major systems like the roof, plumbing, electrical, and heating, as well as any renovations done over the years.
5. Where can I see more context about the neighbourhood?
You can open the dedicated neighbourhood analysis page for this property to see it on a map alongside nearby houses, comparing details like year built, living area, and lot size visually.