Property score
52.5
Fair
Overall 52.5 · Newer than most nearby homes
920 sqft (top 50%) · Built in 1961 (14 yrs newer than avg)
Located in a above-average income area with median household income of ~73.5k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 parks, and 1 place of worship nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Above average
14 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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52.5 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
523 Melrose Avenue W — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 450 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 48% | Top 46% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
523 Melrose Avenue W is a 920 sqft bungalow built in 1961, situated on a 3,299 sqft lot in Winnipeg's Melrose neighbourhood. Its key appeal lies in its relative modernity compared to other homes on the street and in the immediate area, as it is newer than many neighbouring properties. The home presents a practical, no-frills opportunity. Its assessed value is modest and in line with area averages, suggesting a manageable entry point into the market.
This property would suit a first-time buyer or an investor looking for a straightforward, functional home without the premium of a larger lot or extensive square footage. It’s a home for those who prioritize location and a simpler footprint over size, potentially offering lower maintenance and utility costs. A thoughtful perspective is that while the lot is smaller than the city average, it may represent a more manageable yard for those not seeking extensive outdoor upkeep.
1. How does this home’s size compare to others nearby?
At 920 sqft, the living area is very close to the average for both Melrose Avenue and the broader Melrose area, making it a typical-sized home for this specific location.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is often lower than market value. It’s a useful benchmark, but the final sale price will be determined by current market conditions. This home last sold for an estimated $200k-$250k in 2016.
3. What does it mean that the home is "above average" for year built?
Built in 1961, this home is newer than many on its street and in the area, where average build years are 1948 and 1947, respectively. This could imply potentially fewer issues with outdated building materials or systems common in older homes.
4. How does the lot size impact potential?
The lot is 3,299 sqft, which is smaller than the city average but typical for the street. This limits possibilities for large additions but may be ideal for those seeking minimal yard maintenance.
5. How can I find out the exact historical sale prices?
The provided sale prices are estimated ranges from public data. You can request the exact sold price history by emailing the listing service, which provides this detail manually without using your email for marketing.
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