Property score
53.6
Fair
Overall 53.6 · Newer than most nearby homes
972 sqft (top 44%) · Built in 1965 (18 yrs newer than avg)
Located in a above-average income area with median household income of ~77k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Near average
0% smaller than neighborhood avg.
Year Built
Above average
18 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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53.6 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: #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
427 Pandora Avenue E — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 222 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 47% | Top 42% | Bottom 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 427 Pandora Avenue E in Winnipeg's Melrose neighbourhood presents a specific and practical value proposition. Built in 1965, its 972 sqft living space is very typical for the immediate area and Melrose overall, offering a manageable footprint. A key characteristic is its notably low municipal assessed value ($23,400), which is well below averages for the street, neighbourhood, and city. This suggests a potentially lower property tax burden, a significant ongoing cost savings for an owner. The lot size of 2,970 sqft is compact, especially compared to others on the street, implying lower maintenance.
Its appeal lies in its position as an affordable, entry-level single-family home in a mature neighbourhood. It suits first-time buyers or practical downsizers seeking to minimize both upfront costs and long-term carrying charges like taxes. The home last sold in the $200k-$250k range in 2024, reinforcing its accessibility. A thoughtful perspective is that while the lot is smaller, it requires less upkeep, which can be a hidden benefit for those seeking a simpler lifestyle without sacrificing the autonomy of a detached property.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Municipal assessments are based on a mass appraisal system considering factors like home size, age, location, and recent area sales. This home's compact size and lot, combined with its age and local market conditions, result in an assessment significantly below the Winnipeg average, which includes many newer and larger homes.
2. What does the "below average" lot size mean for me?
At just under 3,000 sqft, the yard is compact. This limits expansive gardening or large outdoor recreation space but translates to less time and money spent on lawn care, landscaping, and snow clearing—a practical advantage for those prioritizing low maintenance.
3. How does the recent sale price compare to the assessment?
The home sold for between $200,000 and $250,000 in 2024, which is substantially higher than its $23,400 assessed value. This is normal, as market value (what a buyer pays) and assessed value (for tax purposes) are calculated differently and often diverge significantly.
4. Is the living space suitable for a small family?
At 972 sqft, the living area is modest. It is functionally sized for individuals, couples, or a very small family comfortable with efficient use of space. It aligns with the typical size of many older homes in the Melrose area.
5. How can I find out the exact historical sale price?
The precise sale prices are not publicly displayed in detail due to data sourcing. You can request the exact sold price history by emailing the listing service through the provided form. They provide this information manually without using your email for unsolicited marketing.
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