Property score
47.9
Below average
Overall 47.9 · Smaller than most nearby homes
770 sqft (bottom 22%) · Built in 1953 (6 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 school, 2 parks, and 1 place of worship nearby
Living Area
Below average
21% smaller than neighborhood avg.
Year Built
Near average
6 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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47.9 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
524 Regent Avenue W — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 488 m), 2 parks (nearest 441 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 31% | Bottom 30% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 524 Regent Avenue W in Winnipeg's Melrose neighbourhood presents a distinct value proposition centered on its generous lot. Built in 1953, the 770 sqft house is compact, but it sits on a significantly larger-than-average parcel of land at 6,398 sqft. This creates a unique balance: the living space is modest and below average for the area, while the property's assessed value is typical for its immediate surroundings but represents a more accessible price point city-wide. Its last known sale was between $200k-$250k in 2019.
The primary appeal of this property lies in its land. The lot size is in the top 7% on its own street and top 6% in the Melrose area, offering substantial outdoor space and potential that is uncommon for the neighbourhood. This makes it an ideal candidate for buyers with a vision for expansion, gardening, or outdoor living. The house itself is a smaller, post-war bungalow, suggesting lower utility costs and simpler maintenance, but likely requiring updates to suit modern tastes.
This home would best suit a practical, value-oriented buyer. It's a strong fit for a first-time homeowner willing to renovate or expand over time, an investor looking for a property with "sweat equity" potential due to the large lot, or anyone who prioritizes private outdoor space over a large interior. It’s less suited for those seeking immediate move-in condition or above-average square footage.
1. Is the $29,200 assessed value the sale price?
No. The assessed value is for municipal tax purposes only. The market sale price is determined by current conditions and was last in the $200,000-$250,000 range in 2019.
2. The house seems small. Is there room to expand?
The below-average living area is balanced by the above-average lot size. This discrepancy is the property's key feature, as the large 6,398 sqft lot provides a clear opportunity for a future addition, garage, or extensive outdoor amenities, subject to local zoning and permits.
3. How does this property compare to others nearby?
It has a smaller house but a much larger lot than most neighbours. Its assessed value is typical for Melrose, but you are primarily paying for land potential rather than finished living space compared to area averages.
4. What should I consider about the year it was built (1953)?
Homes from this era often have solid construction but may require updates to electrical, plumbing, or insulation. A thorough inspection is recommended to budget for any necessary modernizations or repairs common to houses of this age.
5. Why is the city-wide assessed value ranking so different?
The assessed value is "below average" city-wide because the average Winnipeg home is valued significantly higher. This highlights that the property offers an entry point into the city’s market, with its value being more aligned with and competitive within its specific local community of Melrose.
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