Property score
50.0
Fair
Overall 50.0 · Newer than most nearby homes
837 sqft (bottom 35%) · Built in 1962 (15 yrs newer than avg)
Located in a above-average income area with median household income of ~77k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
14% smaller than neighborhood avg.
Year Built
Above average
15 yrs newer than neighborhood avg.
Mother tongue
English · 88%Tagalog · 4%
Past 10 years Melrose sales snapshot (~80% of all data)
259
212.8k
$256/sqft
1947
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50.0 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: #46110837
$77K
Median household income
$88K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
30%
Single-person households
22%
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
426 Melrose Avenue E — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 212 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 22% | Bottom 22% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 426 Melrose Avenue E presents a practical and affordable entry point into Winnipeg's Melrose neighborhood. Built in 1962, it is notably newer than many surrounding homes. With 837 square feet of living space, it offers a compact layout that is fairly typical for the immediate area but smaller than the citywide average. The lot size is modest at just under 3,000 square feet, which means lower maintenance but less private outdoor space. The property's assessed value is very low, reflecting its scale and positioning it as one of the more affordable options on its street.
Its primary appeal lies in its value proposition and manageable size. It suits first-time buyers or investors seeking a lower-cost foothold in a stable neighborhood without the upkeep of a larger property. The home’s newer vintage (relative to its peers) could suggest fewer major age-related concerns than some neighbors. A thoughtful perspective is that the smaller lot and home size translate to predictable, lower costs for utilities, taxes, and exterior maintenance, offering a simplified lifestyle.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No, the assessed value (approximately $29,900) is for municipal tax purposes and is typically significantly lower than current market value. The last recorded sale was between $150,000-$200k in 2016.
2. How does the home's size compare to others?
At 837 sq ft, it's moderately smaller than the average home on Melrose Avenue E (~980 sq ft) and notably smaller than the Winnipeg average (~1,342 sq ft). It's a compact, efficient layout.
3. What does the "newer" build year mean for this home?
Built in 1962, it is newer than most direct comparables in the Melrose area, where averages are from the late 1940s. This could be an advantage regarding certain building materials or systems, though a full inspection is still essential.
4. What are the implications of the smaller lot size?
The 2,970 sq ft lot is below average for the street and city. This means less yard maintenance and potentially lower landscaping costs, but also limited space for expansions, large gardens, or extensive outdoor privacy.
5. How can I find out the exact historical sale prices?
The provided sale price is a public data range. You can request the exact sale price history by emailing the listing service directly; they provide this detail manually at no cost.
