Property score
46.1
Below average
Overall 46.1 · Smaller than most nearby homes
768 sqft (bottom 22%) · Built in 1953 (6 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
Below average
21% smaller than neighborhood avg.
Year Built
Near average
6 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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46.1 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: #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
504 Regent Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 459 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 16% | Bottom 16% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
504 Regent Avenue W in Winnipeg’s Melrose neighbourhood presents a specific and practical opportunity in the local market. Built in 1953, its primary appeal lies in its generous 4,948 sqft lot, which is notably larger than many in the immediate area. The home itself is compact at 768 sqft, placing it below the average size for comparable homes on its street, in the neighbourhood, and across the city. Its assessed value is modest and aligns closely with area averages, though it sits well below the city-wide average for home values.
This property suits buyers looking for an affordable entry into homeownership with land to utilize or hold for future potential. It’s a practical choice for those comfortable with a smaller living footprint who value outdoor space over interior square footage. The data suggests it’s not a luxury offering but a grounded, value-oriented property that might appeal to an investor, a first-time buyer willing to renovate over time, or someone seeking a lower-maintenance lot compared to newer, denser subdivisions.
1. How does the lot size compare to nearby properties?
The land area of approximately 4,948 sqft is a standout feature. It ranks in the top 25% on its street and in the Melrose area, meaning the lot is significantly larger than many of its immediate neighbours.
2. Is the home’s living space considered small?
Yes. At 768 sqft, the living area is below the average for comparable homes on Regent Avenue W (~974 sqft), in Melrose (~973 sqft), and city-wide (~1,342 sqft). This indicates a cozy, efficient layout.
3. What does the assessed value tell us about the property?
The assessed value of $25,500 is around the average for the street and neighbourhood. However, it ranks in the bottom 18% city-wide, highlighting that this is a more affordable market segment compared to the broader Winnipeg average.
4. When was the home built, and what does that imply?
Built in 1953, the home is of a similar vintage to many in the area. Buyers should budget for maintenance and potential updates consistent with a home of this age, while also appreciating the character and established neighbourhood feel.
5. What was the previous sale price?
Public records indicate it last sold between 2019 and 2025 for an estimated $150,000–$200,000. For the exact historical sale price, you can request the information directly via the provided contact method.
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