Property score
59.8
Fair
Overall 59.8 · Larger than most nearby homes
1,140 sqft (top 20%) · Built in 1952 (5 yrs newer than avg)
Located in a above-average income area with median household income of ~73.5k
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
17% larger than neighborhood avg.
Year Built
Near average
5 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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59.8 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 Regent Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 445 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 29% | Top 34% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
500 Regent Avenue W is a well-situated home in Winnipeg's Melrose neighbourhood, built in 1952. The property presents a compelling mix of space and value, standing out within its immediate area while offering a more accessible price point compared to the wider city.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficient use of space and lot size relative to its local market. With 1,140 square feet of living area, it is notably larger than many comparable homes on its street and in the Melrose area, placing it in the top 20% locally. The lot is a significant asset at nearly 5,000 square feet, offering ample outdoor space that is well above the neighbourhood average.
The assessed value is closely aligned with local norms, suggesting the property is priced consistently within its community. However, this value is substantially below the Winnipeg city average, highlighting a key opportunity: you acquire more living and land space here for a lower financial outlay than in many other city districts. This makes it a practical choice for buyers seeking room without a premium price tag.
It would suit first-time homeowners or value-focused buyers looking to establish themselves in a stable neighbourhood. The larger-than-average lot also appeals to those with gardening ambitions, pets, or who simply desire private outdoor space. It’s a home for someone who prioritizes substance and space over a newer build or a high-assessment address.
1. How does this home’s size compare to others nearby?
It is larger than most. With 1,140 sqft of living space, it ranks in the top 20% for size on its street and in the Melrose area, where many comparable homes average around 974 sqft.
2. Is the assessed value typical for this area?
Yes. Its assessed value is very close to the average for both Regent Avenue W and the Melrose neighbourhood, indicating it is fairly valued within its immediate context.
3. What is the significance of the lot size?
The lot of 4,948 sqft is a standout feature. It’s significantly larger than the local average, offering more yard space than roughly 75-80% of nearby properties, which is a considerable advantage.
4. How does this property fit into the wider Winnipeg market?
City-wide, it offers above-average lot size and average living space for a below-average assessed value. This positions it as a value-oriented option, providing more physical space per dollar compared to the city’s typical home.
5. Where can I see more detailed context about the neighbourhood?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby homes with comparisons for year built, living area, value, and lot size. You can find the link to open this map analysis in the full property details.
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.
