52.5
Fair
Property score
52.5
Fair
Overall 52.5
Older than most nearby homes
941 sqft (top 47%)
Built in 1920 (27 yrs older than avg)
Located in a above-average income area
with median household income of ~76.5k
Transit 82.0
2-min walk to transit with 2 nearby routes
Within 500m: 2 parks, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Below average
27 yrs older 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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52.5 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
408 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 306 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 23% | Bottom 23% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 408 Melrose Avenue W
Key Characteristics & Appeal
This home is a classic, no-frills property that offers solid value within its immediate neighborhood. Built in 1920, it presents an opportunity to own a character home with a manageable 941 sqft footprint on a standard city lot. Its primary appeal lies in its positioning: while its size and assessed value are below the Winnipeg citywide average, they are much more aligned with—and in some cases above—the averages for Melrose Avenue and the broader Melrose area. This suggests you are buying into a stable, established community without a premium for excessive space or new construction.
The home would suit practical, value-conscious buyers. This includes first-time homeowners looking for an affordable entry point into the market, investors seeking a rental property with a reasonable tax assessment, or downsizers who appreciate a smaller, low-maintenance lot. A thoughtful perspective is that a home of this age and modest assessment may allow for renovation and customization without immediately over-improving relative to the neighborhood, offering a canvas for someone who wants to add their own value over time.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is below the average on its specific street but is very close to the average for the wider Melrose area. This indicates it is priced consistently within its local market context.
2. Is the living space smaller than typical Winnipeg homes?
Yes. At 941 sqft, the living area is smaller than the Winnipeg city average. However, it is nearly identical to the average home size within the Melrose neighborhood itself, making it a standard offering for this community.
3. What should I consider about the age of the home?
Built in 1920, the home is older than most in the city and the area. Prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation, while also appreciating the character and construction quality of the era.
4. How can I find out what it last sold for?
The sold price history provided is a range from public data. You can request the exact historical sold price by emailing the listing service; they provide this detail manually upon request.
5. How does the lot size impact potential?
The lot is 3,629 sqft, which is standard for the street and area but smaller than the citywide average. It provides a decent outdoor space typical of the neighborhood but may have limitations for large additions or pools compared to lots in newer suburbs.
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