Property score
50.3
Fair
Overall 50.3 · Compared with neighbourhood average
864 sqft (bottom 40%) · Built in 1955 (8 yrs newer than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 86.0 · 2-min walk to transit with 4 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
8 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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50.3 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
512 Melrose Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 495 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 | Top 25% | Top 24% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 512 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 864 sqft bungalow, built in 1955, presents a compelling opportunity defined by its generous lot and strong local value. Its primary appeal lies in the substantial 5,278 sqft land area, which ranks well above average for both its immediate street and the broader Melrose area. This offers significant potential for expansion, gardening, or outdoor living relative to nearby properties. The home's assessed value is notably above average for the neighbourhood, suggesting it may be in better condition or have features that are well-regarded locally, even while being more modest in size compared to the city-wide average.
The property would suit practical buyers looking for a solid entry point into a stable neighbourhood. It's ideal for a first-time homeowner comfortable with a home that may require updates, or an investor attracted by the lot size and the fact that it last sold in the 2021 market. Its smaller living space, while functional, indicates it may best fit individuals, couples, or those who prioritize land over square footage. A thoughtful perspective is that this property represents a "land play" in an established area—the value is anchored more in its parcel than its current structure, offering a clear path for adding future value.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 864 sqft, the home's living space is slightly below the average for Melrose Avenue West (~980 sqft) and the wider Melrose area (~973 sqft). It is notably more compact than the Winnipeg city-wide average.
2. Why is the assessed value higher than the neighbourhood average?
The assessed value of $32.7k ranks in the top 15% for the local area. This suggests that, compared to neighbouring properties, this home is assessed more highly due to factors like its above-average lot size, condition, improvements, or specific features.
3. What is the significance of the large lot size?
The 5,278 sqft lot is a key feature, ranking in the top 17% for the area. It provides more outdoor space than most comparable properties, which could be used for additions, a larger garage, landscaping, or simply more private yard space.
4. When was it last sold, and for roughly how much?
The property was last sold in 2021. Public data indicates a sold price range of CA$250,000 to $300,000, which placed it in the top 25% of sales for the street at that time.
5. How can I find out the exact historical sale price?
The exact sold price is not published in the public data. You can request it by email through the listing service; they provide the accurate figure manually and state they will not use your contact information for unsolicited marketing.
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