Property score
46.1
Below average
Overall 46.1 · Smaller than most nearby homes
736 sqft (bottom 19%) · 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 · 3-min walk to transit with 4 nearby routes · Within 500m: 1 park, and 1 place of worship nearby
Living Area
Below average
24% 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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46.1 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
516 Melrose Avenue W — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 481 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 28% | Bottom 31% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 736 sqft bungalow, built in 1955, presents a straightforward opportunity in Winnipeg's Melrose neighbourhood. Its primary appeal lies in its proportionally large, above-average lot of 4,839 sqft, offering more outdoor space than most homes on the same street and in the immediate area. This creates potential for gardening, expansion, or simply more private yard space than is typical for the location.
The home itself is compact, with a living area significantly below the local and city averages, suggesting a efficient, no-frills layout. Its assessed value is very modest and aligns with the average for Melrose, indicating a lower property tax burden. This is a property where the land is a more substantial asset than the current structure.
It would best suit a first-time buyer, an investor, or a downsizer seeking an affordable entry into the market with a focus on lot size over interior square footage. It’s a practical choice for those comfortable with a smaller home footprint who see value in the potential of the land itself, whether for immediate use or future possibilities.
Frequently Asked Questions
1. Is this a good value for a first-time buyer?
Based on the data, its assessed value is very much in line with the local area average, while the lot size is notably larger than neighbours'. For a buyer prioritizing land and location over a large interior, it represents a cost-effective entry point.
2. How does the lot size compare to nearby properties?
The lot is a key feature. At 4,839 sqft, it ranks in the top 30% on its own street, meaning it's larger than over 70% of comparable lots nearby. This is a significant advantage over other homes in the immediate vicinity.
3. The living area seems small. How does it compare?
At 736 sqft, the living space is below average for the street, neighbourhood, and city. This confirms the home is compact. Buyers should be prepared for efficient living and consider whether the larger lot compensates for the smaller interior.
4. What can the sold price history tell me?
Public records show it last sold between 2016 and 2025 for an estimated CA$200k–250k. For the precise sale price and date, you can request the information via email from the listing service.
5. What might be a less obvious consideration with this property?
The home was built in 1955, which is newer than many on its street. This could suggest potentially fewer issues with very aged infrastructure compared to some neighbours, though a thorough inspection is always essential. The significant gap between its modest assessed value and the much higher city-wide average also highlights its position in an affordable segment of the market.
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