Property score
54.1
Fair
Overall 54.1 · Compared with neighbourhood average
864 sqft (bottom 40%) · Built in 1947
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
Near average
11% smaller than neighborhood avg.
Year Built
Near average
0 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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54.1 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
421 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 305 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 37% | Top 37% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This home at 421 Melrose Avenue W is a classic 1947 bungalow that presents a clear value proposition centered on its land. With a living area of 864 sqft, the house itself is modest and typical for its street and the broader Melrose area. Its assessed value is also in line with local norms. The standout feature is the 6,598 sqft lot, which ranks in the top 2-4% locally, offering significantly more outdoor space than most neighbouring properties.
The primary appeal lies in this generous lot size, which provides ample room for gardening, expansion, or future redevelopment. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who sees potential beyond the existing footprint. This buyer values the opportunity to add value through landscaping, a garage, or a thoughtful addition more than they require a large, move-in-ready interior. It’s a property for those comfortable with a home of average size and condition but who recognize the long-term advantage and rarity of a larger lot in a settled neighbourhood.
Frequently Asked Questions
1. Is the house in need of major updates?
As a home built in 1947, buyers should anticipate elements typical of its age. While the public data doesn't specify condition, a home of this vintage likely requires modernized systems (like plumbing or electrical) and cosmetic updates. A thorough inspection is essential.
2. Why is the assessed value so much lower than the recent sold price?
The assessed value (approximately $28,800) is for municipal tax purposes and is often significantly lower than market value. The property sold in the $250k-$300k range in 2023, which is the relevant figure for understanding its market price.
3. What can I do with such a large lot?
The lot size is the key feature. Potential uses include creating extensive garden or recreational space, adding a substantial detached garage or workshop, or potentially expanding the home itself (subject to local zoning and permit approvals).
4. How does this property compare to others nearby?
The home is very average for the area in terms of size, age, and assessed value. Its key differentiator is the lot, which is notably larger than those of immediate neighbours, where the average lot size is around 4,100 sqft.
5. How can I find out the exact past sale price?
The listed sale price is a public range. The exact sale price can be requested directly from the site via email; they provide this data manually and state they do not use requests for unsolicited marketing.
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