Property score
46.9
Below average
Overall 46.9 · Smaller than most nearby homes
720 sqft (bottom 13%) · Built in 1957 (10 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 school, 2 parks, and 2 place of worships nearby
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Near average
10 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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46.9 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
529 Melrose Avenue W — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 492 m), 2 parks (nearest 419 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 49% | Top 47% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
529 Melrose Avenue W presents a unique profile defined by a clear contrast between its modest home and its generous lot. Built in 1957, this 720 sqft house sits on a large, approximately 5,000 sqft parcel of land. The home's living space is notably compact, ranking in the bottom 10-15% compared to neighbours and the wider city. However, its assessed value is strong for the immediate area, ranking in the top 30%, and the lot size is well above average for the street and neighbourhood. This creates an interesting value proposition centred on land potential rather than existing square footage.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot is significantly larger than most on the block, offering ample outdoor space, garden potential, or room for expansion. While the house itself is small and older, its above-average assessed value for the locale suggests it is well-maintained or has desirable features not captured by size alone. This setup is ideal for a specific buyer: someone seeking an affordable entry into the neighbourhood with a vision for the future. It perfectly suits a handy buyer looking for a cozy starter home with clear potential to renovate or extend, or an investor who values the underlying land value. A less obvious perspective is that a smaller home on a large lot can mean lower heating costs and less upkeep, appealing to those wanting outdoor space without the burden of a large interior to maintain.
1. Why is the living area so much smaller than nearby homes?
This is characteristic of many older, post-war homes where the original footprint was modest. It indicates the property may not have been expanded over time, preserving the potential for an addition.
2. What does it mean that the assessed value is "above average" for the street?
It suggests that, despite the smaller living area, municipal assessors have determined the property's value is stronger than many neighbours. This can be due to the large lot, specific updates, or its overall condition.
3. Is the large lot size a major advantage?
Yes. In an established neighbourhood, a lot size that ranks in the top 20% locally is a significant asset. It provides privacy, space for recreation, and is often the key driver for redevelopment or expansion plans.
4. How reliable are the past sold price ranges shown?
The ranges are based on public data. For the exact historical sold price, you must request it via the provided email service. This is a common practice to ensure accuracy, as public records can sometimes be incomplete.
5. Who would this property NOT suit?
It would likely not suit buyers looking for a move-in-ready home with ample modern space for a growing family. It also may not fit those unwilling to take on a project or who prioritize immediate interior square footage over long-term lot potential.
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