Property score
46.4
Below average
Overall 46.4 · Smaller than most nearby homes
624 sqft (bottom 4%) · Built in 1952 (5 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
Below average
36% smaller than neighborhood avg.
Year Built
Near average
5 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
46.4 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
429 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 329 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 43% | Bottom 47% | Bottom 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 429 Melrose Avenue W, Winnipeg
Key Characteristics & Appeal
This is a modest, mid-century home built in 1952, presenting a straightforward opportunity in Winnipeg’s Melrose area. Its primary characteristic is a clear contrast: the living space is quite compact at 624 sq ft, placing it among the smaller homes locally and city-wide. However, the lot is a significant asset at nearly 5,000 sq ft, which is notably larger than many neighbouring properties. This creates a property dynamic centred on land potential rather than existing interior size.
The appeal lies in its affordability and the possibilities offered by its generous lot. With an assessed value that is average for the immediate area but well below the city average, it represents an accessible entry point into the market. It suits a specific type of buyer: a practical first-time homebuyer comfortable with a cozy footprint, or an investor/visionary who sees value in the land itself—whether for future expansion, gardening, or as a long-term hold in a neighbourhood of similarly valued homes. It’s not a turn-key property for those seeking ample indoor space, but a pragmatic base for someone whose priorities are outdoor space and location within budget.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $27,900 is for municipal tax purposes. The last known sale was between $200k-$250k in 2020, which is a better indicator of market value. Always consult a current market evaluation.
2. The house seems small. What are the possibilities with such a large lot?
The sizable lot is the key feature. It offers room for significant additions, a large garden, outdoor living space, or future development potential, subject to local zoning bylaws. The value here is more in the land than the current structure.
3. How does the age of the home (74 years) affect things?
A home of this age will likely require diligent maintenance and updates. Prospective buyers should budget for potential repairs to older systems (like plumbing or wiring) and consider a thorough inspection. On the plus side, it sits in an established neighbourhood with mature infrastructure.
4. The rankings show it's "below average" for living area city-wide. How important is that?
It’s crucial to understand your needs. This home provides less than half the average city living space. It’s a critical consideration for families or those who work from home, but may be sufficient for a single person or couple who prioritize other factors.
5. Can I get the exact historical sale price?
The public data shows a range. The listing service notes you can email them to request the precise sale price from their records, which they provide manually without marketing spam.
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.
