46.7
Below average
Property score
46.7
Below average
Overall 46.7
Smaller than most nearby homes
736 sqft (bottom 19%)
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
4-min walk to transit with 4 nearby routes
Within 500m: 2 parks, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
24% 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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46.7 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
532 Melrose Avenue W — 4 amenities found within 500 m, across 2 categories, including 2 parks (nearest 396 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 46% | Top 50% | Bottom 18% |
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 532 Melrose Avenue W presents a specific and clear value proposition. Its key appeal lies in the balance between a modest, older house and a notably generous lot. Built in 1955, the 736 sqft living space is compact, ranking below average for size both locally and city-wide. However, the 5,169 sqft land area is a standout feature, placing it in the top 18% of lots in the immediate Melrose area. The assessed value is consistent with neighborhood averages.
This property would suit a practical, value-oriented buyer. It's ideal for a first-time homeowner comfortable with a smaller, vintage footprint who prioritizes outdoor space for gardening, pets, or future expansion. It could also appeal to an investor looking for a land-strong asset in a stable neighborhood, where the value may be more tied to the property's potential than its current structure.
Frequently Asked Questions
1. Is the sold price from 2021 a reliable indicator of current value?
Not directly. The listed range of CA$200k–250k is a historical data point from a different market. Current value is influenced by many factors since 2021, and the assessed value (28.60k for taxation) is not a market price.
2. What does the "below average" living area ranking practically mean for daily life?
It confirms the home's layout is compact. Buyers should plan for efficient use of space and consider if the floorplan meets their needs for privacy and storage, as renovations to significantly increase square footage would be a major project.
3. How significant is the "above average" land area?
Very. In an established neighborhood, a lot that's over 5,000 sqft offers rare potential. It provides substantial yard space and, subject to zoning, future possibilities like an addition, garage, or garden suite that smaller lots cannot accommodate.
4. The assessed value seems very low compared to the city-wide average. Why?
The city-wide average assessed value (390k) includes all property types and sizes across Winnipeg. This home's assessment is in line with its specific peer group of smaller, older homes in its area, which is more relevant for comparison.
5. Where can I see more context about the immediate neighborhood?
You can use the provided link to open the neighbourhood analysis page, which maps nearby houses and allows you to visually compare details like year built, lot size, and assessed value for surrounding properties.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
