Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue E): Above Average. Ranked #48 out of 342 (Top 14%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Above Average. Ranked #74 out of 557 (Top 13%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Around Average. Ranked #89,935 out of 194,457 (Top 46%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue E): Below Average. Ranked #261 out of 342 (Bottom 24%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Below Average. Ranked #412 out of 557 (Bottom 26%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #173,878 out of 194,455 (Bottom 11%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue E): Below Average. Ranked #277 out of 342 (Bottom 19%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Below Average. Ranked #453 out of 557 (Bottom 19%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #170,924 out of 194,457 (Bottom 12%). The citywide average for comparable homes is 1966.
Street Level (Melrose Avenue E): Below Average. Ranked #316 out of 342 (Bottom 8%). The street average for comparable homes is 4,095 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #522 out of 557 (Bottom 6%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #180,120 out of 194,457 (Bottom 7%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
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.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
427 Melrose Avenue E — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 498 m), 2 parks (nearest 211 m).
Crime & safety
Waste collection schedule
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 427 Melrose Avenue E. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 427 Melrose Avenue E
Key Characteristics & Appeal
This home presents a distinct profile defined by its contrasts. Its primary appeal is the generous living space of 1,243 sq ft, which ranks in the top 14% for the street and top 13% for the broader Melrose area, offering more room than most nearby comparables. This makes it a practical choice for those seeking space without a sprawling footprint. However, this comes within a 1918-built character home on a modest 2,700 sq ft lot, which is smaller than most in the neighbourhood and city. The assessed value is notably below average at all comparison levels, suggesting a potentially accessible entry point into the market.
The property would suit a pragmatic buyer who values interior space over a large yard and is comfortable with the maintenance considerations of a century-old home. It’s a fit for someone looking at the fundamentals of square footage and price within a mature neighbourhood, rather than modern finishes or expansive outdoor space. A thoughtful perspective is that its below-average valuation against its above-average living area could indicate an opportunity, but also warrants a close look at the condition and updates needed for a home of its age.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home's age, lot size, and recent sales in the area. This home's older age, smaller lot, and specific market conditions in Melrose contribute to its assessment being below the Winnipeg average.
2. What are the considerations with a home built in 1918?
A home of this age often possesses character but may require careful attention to aging components like wiring, plumbing, insulation, and the foundation. Potential buyers should prioritize a thorough inspection to understand the condition and any needed updates.
3. The living area is above average, but the lot is below average. What does this mean?
This typically indicates a home that utilizes its lot efficiently, possibly with a larger footprint or multiple stories. It’s a trade-off: you get more interior space but less private outdoor area compared to neighbours.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold price, you must request it via email, as the company manually verifies and provides this detail to ensure accuracy.
5. What does the "rank" and "top X%" data actually tell me?
It shows how this property compares to specific groups of "comparable homes." For example, ranking in the "Top 14%" for living area on its street means 86% of comparable homes on Melrose Avenue E have less living space. It’s a contextual benchmark, not a quality grade.