Property score
67.5
Good
Overall 67.5 · Larger and newer than most nearby homes
1,152 sqft (top 18%) · Built in 2001 (54 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
Living Area
Above average
18% larger than neighborhood avg.
Year Built
Above average
54 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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67.5 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
417 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 293 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 1% | Top 1% | Top 30% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 1% | Top 1% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 417 Melrose Avenue W
Key Characteristics & Appeal
This home stands out for its modern build year and strong assessed value within its immediate area. Built in 2001, it is significantly newer than most homes on its street and in the wider Melrose neighbourhood, where the average build year is around the late 1940s. This suggests a property likely requiring less immediate upkeep than many older counterparts. With 1,152 sqft of living space, it offers above-average roominess for the local area. Its most striking characteristic is its assessed value of $39.50k, which ranks in the top 2-3% locally, indicating it is considered a high-value property relative to its neighbours. The lot size is typical for the street but smaller than the Winnipeg city average.
The appeal lies in acquiring a relatively modern home in an established neighbourhood, offering a balance of contemporary convenience and mature surroundings. It would particularly suit a buyer looking for a move-in-ready home without the concerns common to mid-century builds, and who values a property that holds a premium position in terms of assessed value on its block. The recent sale history suggests stable and strong market interest.
Frequently Asked Questions
1. Why is the assessed value so high compared to neighbouring homes?
The assessed value, which ranks in the top tier locally, likely reflects the property's much newer construction year (2001) compared to the neighbourhood's average (circa 1948), along with its above-average living area for the area.
2. What does the sold price history indicate?
The home sold in both 2022 and 2023 within the $400k-$450k range, placing those sale prices in the top 1% for the local area. This indicates consistent, high-market-value transactions and strong demand for this specific property.
3. Are there any potential drawbacks to the lot size?
At just under 4,000 sqft, the lot is standard for Melrose Avenue but falls below the city-wide average. This may limit extensive outdoor additions like a large detached garage or pool, but is typical for the streetscape.
4. How does the living space compare to a typical Winnipeg home?
At 1,152 sqft, it is above average for its immediate neighbourhood but slightly below the Winnipeg city average of about 1,342 sqft. It offers more space than many local homes but is a moderately sized home by broader city standards.
5. Where can I see more context about this property's location?
You can open the neighbourhood analysis page to view this home on a map alongside nearby properties, comparing details like year built, living area, and lot size directly with its neighbours.
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