53.8
Fair
Property score
53.8
Fair
Overall 53.8
Compared with neighbourhood average
834 sqft (bottom 34%)
Built in 1955 (8 yrs newer than avg)
Located in a above-average income area
with median household income of ~76.5k
Transit 74.0
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
Below average
14% smaller 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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53.8 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
414 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 324 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 10% | Top 9% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 414 Melrose Avenue W
Key Characteristics & Appeal
This 834 sqft bungalow, built in 1955, presents a compelling opportunity defined by its generous lot and strong value proposition within its immediate area. The home’s primary standout feature is its 5,609 sqft land area, which ranks in the top 11% for the Melrose neighbourhood, offering above-average outdoor space for gardening, expansion, or simply enjoying a larger yard than most nearby properties. While the living space is modest and below the city-wide average, it is typical for homes on its street and in the local area, suggesting a comfortable, manageable layout.
The appeal lies in its clear value within the local context. Its assessed value is notably above average for both Melrose Avenue and the broader Melrose area, indicating it is viewed as a premium property in its specific locale. This, combined with its last known sale in the $300k-$350k range in 2022, positions it as a potentially solid entry into a mature neighbourhood. It would suit a first-time buyer or downsizer looking for a manageable home with a premium lot size, or an investor attracted to a property that holds a strong relative value within its community. A thoughtful perspective is that this home represents a "neighbourhood anchor"—its value metrics suggest it's a standout on its block, which can be a stabilizing factor for future equity.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 834 sqft, the living area is slightly below the average for the street (980 sqft) and significantly below the Winnipeg city average. However, it is very typical for the Melrose area, ranking in the middle of the pack locally.
2. Why is the assessed value higher than area averages?
The assessed value of $32,900 ranks in the top 14% for the Melrose area. This is likely influenced by the home’s substantially larger-than-average lot size and its more recent sale history, which the assessor uses as a key benchmark.
3. What is the significance of the large lot?
The 5,609 sqft lot is a key feature, placing it in the top 8% of lots on Melrose Avenue W. This offers rare potential for outdoor living, storage, or future additions where many neighbouring properties have less space.
4. What can the 2022 sale price tell us?
The home sold for an estimated $300k-$350k in 2022. This sale price was in the top 10% for the street at that time, reinforcing the trend of it commanding a premium relative to its immediate neighbours.
5. Who might the nearby comparable properties be?
The listing references nearby homes on Regent Avenue W and Victoria Avenue W in Victoria West. These are provided as reference points for style and era, but key differences like lot size and assessed value mean direct comparison should be made with homes on Melrose Avenue itself for the most accurate context.
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