Property score
45.3
Below average
Overall 45.3 · Smaller and older than most nearby homes
748 sqft (bottom 20%) · Built in 1915 (32 yrs older 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
23% smaller than neighborhood avg.
Year Built
Below average
32 yrs older 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
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45.3 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
438 Melrose Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 402 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 50% | Top 48% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
438 Melrose Avenue W is a compact, century-old home that presents a clear value proposition. Its key characteristic is its modest scale, with 748 sqft of living space on a roughly 3,600 sqft lot, making it significantly smaller than average homes in Winnipeg. Built in 1915, the property is older than most in the city. Its assessed value of $230k is notably below the citywide average, a fact reflected in its recent sale price range of $200k-$250k in 2022.
The appeal lies in its accessibility. It offers an entry point into homeownership with a below-average price tag in a mature neighbourhood. The lot size is fairly typical for its immediate area, providing adequate outdoor space. It would suit first-time buyers, investors looking for a rental property, or downsizers seeking a low-maintenance footprint without a condo fee. A thoughtful perspective is that a home of this age and size inherently has lower utility costs and property taxes than larger, newer builds, which can significantly impact long-term affordability beyond the purchase price.
Frequently Asked Questions
1. Is this a "fixer-upper"?
The data doesn't specify condition, but the year built (1915) and below-average assessed value suggest buyers should budget for potential updates or maintenance typical of a century home. A thorough inspection is essential.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's relatively small size and older age compared to the Winnipeg average. It is more in line with values in its local Melrose area.
3. What does the "Top 94%" ranking for living area mean?
This means the home's living area is smaller than 94% of properties citywide. It highlights the compact nature of the home, which is a key factor in its pricing.
4. How reliable is the sold price history shown?
The listed sale range is based on public data. The exact sale price can be requested directly from the site, as they manually verify and provide that detail via email.
5. Are the neighbouring properties similar?
The listing shows adjacent addresses are very close (10-30 meters away), indicating a typical dense, established street. The similar assessed values of nearby homes suggest consistency in the local market valuation for properties of this type.
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