Property score
49.0
Below average
Overall 49.0 · Compared with neighbourhood average
869 sqft (bottom 41%) · Built in 1950 (3 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
Near average
11% smaller than neighborhood avg.
Year Built
Near average
3 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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49.0 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: #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
510 Regent Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 487 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 23% | Bottom 23% | Bottom 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 18% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 510 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Regent Avenue W in the Melrose neighbourhood presents a specific value proposition centered on land and location. Built in 1950, its 869 sqft living space is modest and below the city-wide average, but it sits on a notably larger-than-average lot for its immediate area—approximately 4,949 sqft. This creates a clear contrast: the home itself is compact and older, but the property offers generous outdoor space relative to its peers on the same street.
The primary appeal lies in its affordability and potential. With a consistently below-average assessed value and recent sale prices in the $150k-$200k range, it represents a lower barrier to entry into the Winnipeg market. This isn't a move-in-ready showcase home; its appeal is to the buyer who sees value in the land and the structure's foundations. It would suit a first-time buyer comfortable with a project, an investor looking for a rental property with a sizable yard, or someone seeking a straightforward, functional home with room to expand outdoors, whether for gardening, storage, or future renovation. Its value is more in what it could be rather than in high-end finishes or size.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including home size, age, and recent sales in the area. This home's modest square footage and older age contribute to its lower assessment compared to newer or larger homes across Winnipeg.
2. What does the "larger-than-average lot" actually mean for me?
While the lot is around the city-wide average, it ranks in the top 22% for the Melrose area. This means you likely have more private outdoor space than many nearby properties, which is a valuable asset for privacy, recreation, or future projects like a shed, deck, or addition.
3. Is this a good investment property?
Given its price point and consistent sale history in a similar range, it could be a candidate for a rental property. However, its older age means potential maintenance costs should be factored into any investment calculations. Its appeal would be to tenants seeking affordability and yard space.
4. How does the living area compare to a typical condo or apartment?
At 869 sqft, the living space is comparable to a spacious two-bedroom apartment. The key difference is that you own the land beneath it, which is a significant portion of this property's value.
5. Where can I see more detailed information about the neighbourhood?
You can open the dedicated neighbourhood analysis page for this property to see it on a map alongside nearby homes, with detailed comparisons of year built, lot size, and assessed value. A link is provided 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.
