Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Melrose Avenue E): Around Average. Ranked #113 out of 342 (Top 33%). The street average for comparable homes is 980 sqft.
Neighborhood Level (Melrose): Around Average. Ranked #178 out of 557 (Top 32%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #131,292 out of 194,457 (Bottom 32%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Melrose Avenue E): Below Average. Ranked #173 out of 342 (Bottom 49%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Around Average. Ranked #252 out of 557 (Top 45%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #154,049 out of 194,455 (Bottom 21%). The citywide average for comparable homes is 435.4k.
Street Level (Melrose Avenue E): Above Average. Ranked #58 out of 342 (Top 17%). The street average for comparable homes is 1948.
Neighborhood Level (Melrose): Above Average. Ranked #83 out of 557 (Top 15%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #105,036 out of 194,457 (Bottom 46%). The citywide average for comparable homes is 1966.
Street Level (Melrose Avenue E): Below Average. Ranked #218 out of 342 (Bottom 36%). The street average for comparable homes is 4,095 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #364 out of 557 (Bottom 35%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #161,410 out of 194,457 (Bottom 17%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
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.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
505 Melrose Avenue E — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 460 m), 2 parks (nearest 132 m).
Crime & safety
Waste collection schedule
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Related homes
Nearby interested homes
Address · Year Built · Living Area
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 505 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 505 Melrose Avenue E is a practical, mid-century bungalow built in 1964. With 1,045 sqft of living space on a 3,305 sqft lot, its size is very typical for the established Melrose neighborhood, offering a manageable footprint. The data reveals a key perspective: this home is notably newer than many on its street and in the immediate area, which may suggest updated infrastructure or a different architectural style compared to the area's average home built in the late 1940s.
Its primary appeal lies in its position as a solid, average-performing property within a stable community. It’s not an outlier in size or assessed value for the locale, which can indicate predictability and lower risk for a buyer. The lot, while smaller than the Winnipeg city average, is consistent with the neighborhood's character.
This property would suit first-time buyers or downsizers looking for an entry into a mature neighborhood without the premium price of a larger lot or a brand-new home. It’s also a sensible fit for an investor or homeowner who values a "blank slate" property from the 1960s that may offer more straightforward modernization opportunities than its older neighbors.
Section 2: Frequently Asked Questions
1. How does the 1964 build year affect this home?
Being built in 1964 makes this home significantly newer than many in the Melrose area. This could mean construction methods and materials (like wiring and plumbing) are from a more modern era than the neighborhood's pre-1950 average, potentially reducing some concerns associated with very old homes.
2. Is the assessed value a good indicator of the market price?
The assessed value for taxation purposes is distinct from market value. This home's assessed value is consistent with area averages but is well below the city-wide average for comparable homes, reflecting the neighborhood's more affordable price point. The sale history shows steady appreciation.
3. What does the lot size mean for me?
At 3,305 sqft, the lot is perfectly standard for Melrose. It provides adequate outdoor space for gardening or relaxation but is not oversized, which translates to less maintenance. It is, however, noticeably smaller than the typical Winnipeg lot, which is something to consider if expansive yard space is a priority.
4. Who are the typical neighbors?
The nearby properties are very similar in style and era, suggesting a uniform, established streetscape. The direct neighbors on Melrose Avenue E are homes of a similar scale, indicating a consistent community character.
5. Where can I see more detailed context for this property?
A dedicated neighbourhood analysis page is available, showing this home on a map alongside nearby houses with detailed comparisons of year built, living area, assessed value, and lot size. This helps visualize exactly how it fits within its immediate context.