Property score
68.8
Good
Overall 68.8 · Larger than most nearby homes
1,450 sqft (top 5%) · Built in 1956 (9 yrs newer than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 94.0 · 1-min walk to transit with 4 nearby routes · Within 500m: 1 park nearby
Living Area
Above average
49% larger than neighborhood avg.
Year Built
Near average
9 yrs newer than neighborhood avg.
Mother tongue
English · 74%Tagalog · 9%
Past 10 years Melrose sales snapshot (~80% of all data)
259
212.8k
$256/sqft
1947
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68.8 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: #46110823
$74K
Median household income
$79K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
32%
Single-person households
27%
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
500 Melrose Avenue W — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 489 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 41% | Top 41% | Bottom 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
500 Melrose Avenue W is a home defined by its generous space, both inside and out. Built in 1956, its primary appeal lies in its substantial lot size—over 7,600 square feet—which ranks it in the top 1% of properties on its street. The 1,450 sqft living area is also notably larger than most comparable homes in the immediate neighbourhood. This combination suggests significant potential for outdoor enjoyment, expansion, or renovation. The property’s assessed value is modest relative to the wider city, presenting an opportunity for value-conscious buyers.
This home would suit a buyer looking for a project or who prioritizes land and interior space over a modern, turn-key condition. It’s ideal for someone with vision—perhaps a growing family wanting room for a playset and garden, or a handy homeowner planning gradual updates. The data suggests you’re paying for space and potential here, not premium finishes or a high city-wide assessment.
1. Why is the assessed value ranked so much lower city-wide than it is locally?
The assessed value is around average for Melrose Avenue and the broader Melrose area, but falls below the Winnipeg average. This typically indicates that property values in this specific neighbourhood are generally more affordable than in many other parts of the city.
2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 7,667 sqft is larger than 99% of the 342 comparable properties on Melrose Avenue W. It's a standout feature, offering significantly more yard space than the neighbourhood average of about 4,100 sqft.
3. The home sold between 2020 and 2025. Can I find out the exact price?
According to the listing, the exact sold price is not publicly displayed. You can request it by email from the site, which states they will provide the accurate figure manually without using your email for unsolicited marketing.
4. Given the large lot and living area, what might be the trade-offs?
The trade-off is often the property’s age and condition. A 70-year-old home with a below-average city-wide assessed value may require more maintenance, updates to systems (like plumbing or electrical), or modernization of interiors compared to a newer, higher-assessed home.
5. How useful are these rankings for understanding the property's value?
They provide excellent context. They show that within its own desirable streetscape and area, this home offers superior space. The rankings help you understand what you're getting relative to the immediate location, which is often more relevant for daily living than city-wide comparisons.
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.
