Property score
59.9
Fair
Overall 59.9 · Newer than most nearby homes
910 sqft (bottom 48%) · Built in 1988 (41 yrs newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 parks, and 1 place of worship nearby
Living Area
Near average
6% smaller than neighborhood avg.
Year Built
Above average
41 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
59.9 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
426 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 359 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 16% | Top 17% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 426 Melrose Avenue W
Key Characteristics & Appeal
This 910 sqft bungalow, built in 1988, presents a practical and modern opportunity within its established Winnipeg neighbourhood. Its primary appeal lies in its relative newness compared to most homes on the street and in the broader Melrose area, where the average construction year is 1948. This suggests potentially fewer concerns with major aging infrastructure. The home sits on a 3,629 sqft lot, which is typical for the immediate area, offering manageable outdoor space.
The data reveals a thoughtful perspective: this property represents a "middle ground." It's not the largest or smallest home on the block, and its assessed value sits comfortably in the top third for the street. This positions it as a stable, average-priced home in its micro-area, but one that is notably newer. It last sold in the $300k-$350k range in 2023.
This home would suit first-time buyers or downsizers seeking a manageable, low-maintenance footprint without the uncertainties of a century-old property. It’s also a sensible fit for an investor looking for a relatively modern rental in a neighbourhood of older homes. The buyer here is likely pragmatic, valuing the efficiency and condition of a late-80s build over grand character or expansive square footage.
Frequently Asked Questions
1. How does the 1988 build year affect this home?
Compared to the neighbourhood average from the 1940s, a 1988 construction typically means updated electrical, plumbing, and insulation standards. It may offer more modern room layouts and require fewer immediate major upgrades.
2. Is the living space smaller than average?
At 910 sqft, it is slightly below the average for Melrose Avenue (~980 sqft) and notably smaller than the Winnipeg citywide average. This indicates a efficient, compact layout suited for 1-2 people.
3. What does the assessed value tell us?
The assessed value of $29,900 is not a market price but a valuation for municipal tax purposes. That it ranks in the top 32% on its street suggests the city assesses it as a higher-value property on Melrose Avenue, likely due to its newer construction.
4. How does the last sold price help?
The 2023 sale in the $300k-$350k range provides a recent market benchmark. It shows what a buyer was willing to pay at that time, which is more current and relevant than the tax-assessed value.
5. Who provides the exact historical sold price?
The exact sale price is not public record in Manitoba. The listing service offers to provide this verified information manually via email upon request, as noted on the property details page.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
