Property score
49.0
Below average
Overall 49.0 · Smaller than most nearby homes
736 sqft (bottom 19%) · Built in 1955 (8 yrs newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 park, and 1 place of worship nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Near average
8 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
49.0 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: #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
437 Melrose Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 364 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 25% | Top 24% | Bottom 36% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 26% | Bottom 27% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 437 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1955, the 736 sqft house is compact, ranking below average in size for its street, neighborhood, and the wider city. However, it sits on a 4,897 sqft lot that is notably larger than most in the immediate Melrose area. The assessed value is consistent with local norms but sits below the Winnipeg city average, suggesting a more accessible entry point.
Its primary appeal lies in this land-to-structure ratio. The property offers space for outdoor living, gardening, or future expansion—a relative rarity for the area. It suits a practical buyer, such as a first-time homeowner or an investor, who sees potential beyond the current footprint. The recent 2024 sale in the $250k-$300k range indicates active market interest. This isn’t a move-in-ready showcase; its value is grounded in its location and the possibilities of its parcel.
Section 2: Frequently Asked Questions
1. Is the house small compared to neighbors?
Yes. With 736 sqft of living area, it is smaller than the average home on Melrose Avenue W (approx. 980 sqft) and in the broader Melrose neighborhood (approx. 973 sqft).
2. What is the standout feature of this property?
The lot size. At 4,897 sqft, the land area is above average for both the street and the neighborhood, offering more outdoor space than surrounding properties.
3. How does its value compare?
The assessed value ($29,900) is around the local average for Melrose. However, it is below the city-wide average, which is skewed higher by newer or larger homes in other areas.
4. What does the sale history indicate?
It sold in 2024 for an estimated $250k-$300k, a price that ranked in the top 25% for the street that year. This suggests strong demand, potentially driven by the lot's value.
5. Who would this property suit best?
It’s ideal for a buyer comfortable with a modest-sized home who prioritizes land space. It could appeal to someone looking for a long-term hold with room to grow, or an investor seeing the underlying value of the lot in a established neighborhood.
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.
