49.6
Below average
Property score
49.6
Below average
Overall 49.6
Smaller than most nearby homes
736 sqft (bottom 19%)
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
24% 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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49.6 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
418 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 332 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 44% | Bottom 48% | Bottom 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 418 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1955, the 736 sqft house is compact, ranking below average in size for its street, neighborhood, and city. However, its 5,277 sqft land area is notably larger than most lots on Melrose Avenue and in the immediate area, offering above-average outdoor space.
The primary appeal lies in this land-to-structure ratio. It suits a buyer comfortable with a smaller, older home who prioritizes yard space for gardening, recreation, or future expansion over immediate interior square footage. The assessed value is consistent with the local area but sits below the citywide average, suggesting a potentially accessible entry point into the market. It’s a practical choice for a first-time buyer, an investor, or someone seeking a lower-maintenance footprint without sacrificing outdoor privacy. A thoughtful perspective is that this property represents the "land play" – the value and potential are tied more to the parcel itself than the existing structure.
Section 2: Frequently Asked Questions
1. How does the home's size compare practically?
At 736 sqft, the living area is significantly smaller than the local averages (around 980 sqft). This indicates a classic, efficient layout likely with fewer rooms, suited for individuals, couples, or those comfortable with compact living.
2. What does the assessed value indicate?
The assessed value ($29,900) is typical for Melrose Avenue but is far below the citywide average for comparable homes. This typically reflects the home's age, size, and local market conditions, not a direct market sale price. The last recorded sale was between $200k-$250k in 2016.
3. Is the large lot a major advantage?
Yes, relatively. The lot is over 5,200 sqft, ranking in the top 15-17% for the street and neighborhood. This is the property's standout feature, offering more space than surrounding properties for a similar assessed value.
4. What should I consider about the year built (1955)?
The home is 71 years old, which is around the average age for the area. Buyers should budget for maintenance and updates consistent with a home of this era and consider the potential for older mechanical systems.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed. The site provides a range based on public data but offers to manually send the precise figure via email upon request, at no cost and without marketing spam.
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