Property score
50.9
Fair
Overall 50.9 · Compared with neighbourhood average
864 sqft (bottom 40%) · 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: 2 parks, and 2 place of worships nearby
Living Area
Near average
11% 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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50.9 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
525 Melrose Avenue W — 4 amenities found within 500 m, across 2 categories, including 2 parks (nearest 436 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 31% | Top 32% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 525 Melrose Avenue W
Key Characteristics & Appeal
This home presents a compelling mix of space and value, with its standout feature being the generous 5,998 sqft lot, which ranks in the top 5% for size on Melrose Avenue West. This offers significant outdoor potential, from gardening to expansion, that is uncommon for the street. Built in 1955, the house itself is of average age for the area, with a living area of 864 sqft that is typical for the immediate neighbourhood but below the Winnipeg city average. This suggests a home well-suited for a smaller household, a first-time buyer, or an investor.
Its appeal lies in a strong value proposition within its community. The assessed value is notably above average for both the street and the broader Melrose area, indicating the property is considered a premium holding locally, likely driven by that substantial lot. For the right buyer, this represents an opportunity to own a property with a top-tier land asset in the area, where the value is anchored more in the land than in a large existing structure. It would suit a buyer looking for a manageable home with exceptional outdoor space, or someone with a vision to renovate or expand over time, leveraging the premium lot.
Frequently Asked Questions
1. Why is the assessed value above average for the street if the house is average in size and age?
The primary driver is the lot size. At nearly 6,000 sqft, the land parcel is significantly larger than most on the street, which is a major factor in property assessment and value.
2. Is the below-average living area (city-wide) a concern?
Not necessarily for everyone. The home's footprint is very typical for its specific neighbourhood, which consists of older, character homes. It reflects the scale of the community rather than being undersized for the area.
3. What does the sold price history (CA$250k–300k in 2020) tell us?
It provides a market benchmark from five years ago. Given that the assessed value is now considered above average locally, it indicates a trend of solid value retention or appreciation in this specific location over that period.
4. How should I interpret the "Elite" lot size ranking?
This is a relative strength. It means you are getting a land parcel that is rare and desirable for this specific street, offering more privacy, yard space, and future potential than almost all direct neighbours.
5. Who might this property not suit?
Buyers seeking a large, move-in-ready home with ample interior space may find it limiting. It's better suited for those who prioritize land size over square footage or who are comfortable with a home that may require updates common for its age.
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