Property score
57.1
Fair
Overall 57.1 · Larger than most nearby homes
1,080 sqft (top 27%) · Built in 1948 (1 yr newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 park, and 1 place of worship nearby
Living Area
Above average
11% larger than neighborhood avg.
Year Built
Near average
1 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
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57.1 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
451 Melrose Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 421 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 7% | Bottom 7% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
451 Melrose Avenue W is a 1,080 sqft bungalow built in 1948, situated on a 3,299 sqft lot in Winnipeg’s Melrose neighbourhood. Its key appeal lies in offering above-average interior space for its immediate area, presenting a practical opportunity within a well-established community.
Key Characteristics & Appeal
This home’s primary strength is its efficient use of space. With a living area ranking in the top 28% on its street and top 27% in the broader Melrose area, it provides more square footage than many comparable neighbouring homes. This makes it a practical choice for small families, first-time buyers, or downsizers seeking a manageable footprint without feeling cramped.
The property’s assessed value is notably below average across all comparison levels—street, area, and city-wide. This creates a distinct value proposition: it’s an entry point into homeownership with a lower tax assessment basis. The lot size is typical for the local streetscape but smaller than the city average, suggesting a lower-maintenance yard suited to those with less time or desire for extensive gardening.
Its vintage 1948 construction is standard for the neighbourhood, indicating a home that likely retains classic character but requires a buyer comfortable with the maintenance and potential updates typical of a house of this era. The recent sale in the 2023-2025 period suggests it has changed hands recently, which can sometimes mean certain updates have been addressed.
This property would best suit a value-conscious buyer looking for a home with solid interior space in a mature neighbourhood. It’s ideal for someone who prioritizes practicality and location over a modern build or a large lot, and who sees potential in a home with a below-average assessed value.
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by factors like home size, age, and specific location. This home’s value is below the city average but is more in line with its immediate neighbourhood, reflecting the local market conditions and the home’s characteristics.
2. What does the "above average" living area ranking mean for me?
It means that, compared to similar homes on Melrose Avenue W and in the Melrose area, this house offers more interior space. You’re getting a relatively spacious home for this particular locale, which can be an efficient use of your budget.
3. The house was built in 1948. What should I consider?
While the construction year is typical for the area, a home of this age will likely have older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and anticipate any needed updates or maintenance.
4. How does the recent sale history affect this listing?
The home sold between 2023 and 2025. This recent turnover could mean it has been updated in some way, but it also means the current price will be closely tied to that very recent market value. Requesting the exact sold price can provide a crucial benchmark for today’s asking price.
5. The lot is smaller than the city average. Is that a disadvantage?
It depends on your priorities. A 3,299 sqft lot requires less upkeep than a larger yard, which can be a benefit for busy professionals or those not interested in extensive landscaping. It is, however, a factor to weigh if outdoor space or future expansion is important to you.
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