Property score
61.7
Fair
Overall 61.7 · Larger than most nearby homes
1,404 sqft (top 7%) · Built in 1941 (6 yrs older than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 2 parks, and 1 place of worship nearby
Living Area
Above average
44% larger than neighborhood avg.
Year Built
Below average
6 yrs older 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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61.7 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
517 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 480 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 46% | Top 45% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 517 Melrose Avenue W presents a compelling mix of space, location, and value. Its primary strength is its generous living area of 1,404 sq ft, which ranks in the top 7% for its immediate street and neighborhood, offering significantly more interior space than most nearby homes. Built in 1941, it is a character home of its era, situated on a standard city lot. The appeal lies in this above-average spaciousness within a well-established area, coupled with a recent sale price point that suggests accessibility. The assessed value is notably lower than the citywide average, which can indicate a different property tax calculation but warrants buyer due diligence.
It would suit a buyer looking for a roomy home in a mature neighborhood without a premium price tag, ideal for those who prioritize interior square footage over a large yard or a newer build. It’s also a sensible option for value-conscious buyers or investors interested in the Melrose area, provided they are comfortable with the maintenance considerations of an older home.
Frequently Asked Questions
1. Why is the living area so much larger than neighboring homes?
The data shows this home's living area is in the top 7% for the street and neighborhood. This suggests it may have been expanded over time or was originally built with a more substantial footprint than others on the block, a key advantage for space-seeking buyers.
2. The assessed value seems low compared to city averages. What does this mean?
The assessed value is for municipal tax purposes and is specific to this property's classification and the local assessment model. It is around average for Melrose but below the Winnipeg average. This doesn't directly dictate market value but can result in relatively lower property taxes, which is a positive for ongoing costs.
3. What should I know about a home built in 1941?
As an 85-year-old home, it offers charm and established neighborhoods but requires a thorough inspection. Key considerations will be the age and condition of major systems like plumbing, electrical, and the foundation, as well as the potential for updates needed for modern efficiency and comfort.
4. How does the recent sale price (2024: $200k-$250k) relate to the assessed value?
The sale price reflects the actual market value paid by a buyer very recently, which is often more current and relevant than the tax assessment. The fact that it sold within this range provides a solid, recent benchmark for the property's market worth.
5. The lot size is below the city average. Is that a concern?
The 3,299 sq ft lot is typical for the Melrose area. While smaller than newer suburban lots, it aligns with the neighborhood character and requires less maintenance. The trade-off is less private outdoor space, but the significant interior space may compensate for that.
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