45.0
Below average
Property score
45.0
Below average
Overall 45.0
Smaller than most nearby homes
730 sqft (bottom 15%)
Built in 1939 (8 yrs older than avg)
Located in a above-average income area
with median household income of ~87k
Transit 82.0
1-min walk to transit with 2 nearby routes
Within 500m: 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Below average
8 yrs older than neighborhood avg.
Mother tongue
English · 80%French · 5%
Past 10 years Melrose sales snapshot (~80% of all data)
259
212.8k
$256/sqft
1947
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45.0 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: #46110853
$87K
Median household income
$100K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
25%
Single-person households
25%
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
509 Pandora Avenue E — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 134 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 10% | Bottom 13% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 509 Pandora Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its practicality and position as an accessible entry point into the Winnipeg market. Its key characteristic is a compact 730 sqft living space in a 1939-built structure, situated on a modest 2,970 sqft lot in the Melrose neighbourhood. The data consistently shows this property ranks below average in size, lot dimensions, and assessed value compared to its immediate street, area, and the wider city. Its most recent recorded sale was between $150k-$200k in 2020.
The appeal lies squarely in its affordability and potential as a straightforward investment. With an assessed value significantly lower than city averages, it represents a low-barrier option for first-time buyers or investors seeking a rental property with a manageable overhead. Its smaller scale also suggests lower utility costs and upkeep effort. It would suit a buyer with minimal space needs, a hands-on investor looking for a value-add opportunity, or someone prioritizing financial accessibility over square footage. A less obvious perspective is that a home of this vintage and size, while requiring attention, offers a simpler renovation canvas without the complexity of a large, modern layout.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific attributes: its smaller building size, older age, and modest lot dimensions relative to the broader Winnipeg market, which includes many larger, newer homes.
2. What does the "Top 95%" ranking for living area city-wide mean?
It means that approximately 95% of comparable residential properties city-wide have a larger living area. For this home, it confirms its status as a compact, below-average-sized dwelling in the overall market context.
3. How reliable is the sold price range shown?
The provided range is based on available public data. For the exact historical sold price, you must request it directly via the email service described, as the precise figure is not publicly disclosed in the listing.
4. Is the older year of build (1939) a concern?
While the home is older than many on its street and in the city, it is around the average age for the Melrose area. This typically means potential for older building materials and systems, so a thorough inspection is advisable, but it is not an outlier for the neighbourhood.
5. What can I glean from the nearby and similarly-valued properties listed?
The list shows that homes with the same assessed value are located in various neighbourhoods, indicating this price point exists across Winnipeg. The nearby properties on Pandora Avenue E suggest a streetscape of similarly scaled homes, providing context for the immediate environment.
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