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): Around Average. Ranked #125 out of 342 (Top 37%). The street average for comparable homes is 291.6k.
Neighborhood Level (Melrose): Around Average. Ranked #188 out of 557 (Top 34%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #147,746 out of 194,455 (Bottom 24%). 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
507 Melrose Avenue E — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 456 m), 1 parks (nearest 122 m).
Crime & safety
Waste collection schedule
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 507 Melrose Avenue E. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
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Similar assessed value
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Is this home right for you?
Property Overview: 507 Melrose Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 507 Melrose Avenue E is a practical, mid-century bungalow built in 1964. With 1,045 square feet of living space, it offers a comfortably sized layout that is typical and competitive for the Melrose area. The lot size of 3,305 square ft provides a manageable outdoor space. Its assessed value is modest, especially when viewed city-wide, indicating a potentially accessible entry point into the Winnipeg market.
The primary appeal lies in its established neighbourhood context and relative value. Within its immediate area and street, the home consistently ranks as average or above in key metrics like living area and year built, meaning it aligns well with local expectations. A thoughtful perspective is that a home which is "average" for its sought-after area often represents a stable, lower-risk purchase, insulated from the extremes of over-improvement or under-provision. It would suit first-time buyers or practical downsizers looking for a straightforward home in an established community without a premium price tag. The 1964 build date is notably newer than many neighbours, suggesting potentially fewer immediate updates related to very old infrastructure.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (28.4k) is for municipal tax purposes. Market value is determined by recent sales, condition, and demand. The last recorded sale was between $200k-$250k in 2020.
2. How does this home compare to others nearby?
Within the Melrose area, its living space is typical, its lot is slightly smaller than average, and it is a newer build than many surrounding homes. It sits comfortably in the middle of the pack for the local market.
3. What does the "Top %" ranking mean?
It shows how this property compares to a group of peers. For example, its Year Built is in the "Top 17%" on its street, meaning it is newer than 83% of comparable homes on Melrose Avenue E. A higher percentage is generally better for that metric.
4. Why is the city-wide comparison so different?
City-wide data includes all property types across Winnipeg. The home's smaller lot and lower assessed value rank lower compared to the broader city average, which includes newer suburbs and larger homes. This highlights the property's position as a characteristically central, older-neighbourhood home.
5. How can I find out the exact past sale prices?
The provided sale prices are estimated ranges from public data. You can request the exact historical sale prices by emailing via the "Get exact sold price history" link on the property page.