53.0
Fair
Property score
53.0
Fair
Overall 53.0
Compared with neighbourhood average
884 sqft (bottom 43%)
Built in 1956 (9 yrs newer than avg)
Located in a above-average income area
with median household income of ~73.5k
Transit 94.0
2-min walk to transit with 4 nearby routes
Within 500m: 1 park, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Near average
9 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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53.0 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
515 Pandora Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 486 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 33% | Top 26% | Bottom 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 884 sqft bungalow at 515 Pandora Avenue W, built in 1956, presents a specific and compelling value proposition. Its primary appeal lies in the exceptional size of its lot—over 7,000 sqft—which ranks in the top 2% of the Melrose area. This generous outdoor space is a rare find, especially within the city, where it still ranks well above average. While the living space is modest and slightly below the city average, the home's assessed value is strong for its immediate neighborhood and area, suggesting good underlying value for the location.
The property would suit a practical buyer looking for a long-term foundation. It’s ideal for someone who prioritizes land over a large existing footprint, such as a first-time buyer comfortable with a cozy home, a downsizer wanting room for gardens, or an investor/renovator who sees potential in the substantial lot for future expansion or outdoor use. The recent sale in the $250k-$300k range indicates a accessible entry point for a property with such a standout lot size.
Frequently Asked Questions
1. Is the house too small at under 900 sqft?
While the living area is below the Winnipeg average, it is quite typical for the Melrose neighborhood. The trade-off is the significantly larger-than-average yard, which expands your usable space outdoors.
2. What does the "Elite" ranking for land area mean?
This means the property's lot size of 7,198 sqft is larger than 98% of comparable properties in the Melrose area. It's a standout feature that offers more privacy, gardening space, or future development potential than most nearby homes.
3. The assessed value seems low compared to the city average. Why?
The city-wide average includes all property types and newer areas. This home's assessment is actually above average for both its street and the Melrose area, reflecting its perceived value within its established neighborhood context.
4. What are the implications of the home being 70 years old?
Built in 1956, it is of a typical age for the area. Buyers should budget for maintenance and updates consistent with a home of this era, but its systems and structure have likely been serviced over many decades.
5. How can I find out the exact sold price from 2024?
The listing service provides a sold price range for transparency. You can request the exact sale price by emailing them directly through the provided form; they manually provide this detail without using your email for marketing.
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