Property score
44.9
Below average
Overall 44.9 · Smaller but newer than most nearby homes
793 sqft (bottom 27%) · Built in 1960 (13 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: 1 school, 2 parks, and 2 place of worships nearby
Living Area
Below average
19% smaller than neighborhood avg.
Year Built
Above average
13 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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44.9 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
537 Melrose Avenue W — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 459 m), 2 parks (nearest 380 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 34% | Bottom 37% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 537 Melrose Avenue W is a compact, efficiently sized property built in 1960. With 793 square feet of living space on a 3,099 sqft lot, it is notably smaller than most homes in its immediate area, on the wider Melrose street, and across Winnipeg. Its assessed value is modest and very typical for its specific neighbourhood, though it sits well below the city-wide average. The home's age is a relative standout—it is newer than many of its nearby comparables. This combination presents a specific value proposition.
Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and manageability. It suits first-time buyers, downsizers, or investors seeking a lower-cost entry point into the Winnipeg market with a home that requires less upkeep than a larger property. Its smaller scale means lower utility costs and less maintenance, both for the interior and the modestly sized yard.
A less obvious perspective is its statistical positioning. While the home is smaller than average in every geographic comparison, its assessed value is perfectly aligned with the local area's norm. This suggests you are paying primarily for location and land value here, with the structure itself contributing less to the price. For the right buyer, this represents a land-value opportunity with a liveable existing home. Additionally, being built in 1960, it likely benefits from more modern construction materials and systems than many of its older neighbours, potentially meaning fewer immediate concerns related to very aged infrastructure.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (currently $27,100) is for municipal tax purposes. Market value is what a buyer is willing to pay, which can be higher or lower. The last known sale was between $200k-$250k in 2017.
2. The home seems small. Is it a good investment?
Its size places it in the bottom 25-30% for living area locally, which limits its appeal to a specific segment of the market. However, its very typical assessment for the street indicates it holds the intrinsic value of its location. Investment potential would depend on renovation possibilities, neighbourhood trends, and your target renter or buyer profile.
3. How can I find out the exact price it last sold for?
The site provides sold price ranges based on public data. To receive the exact historical sold price, you must request it via the email button provided on the listing page. This is done manually to ensure accuracy.
4. The lot is smaller than average. Can I still add an extension or garage?
The 3,099 sqft lot is below average for the area. Any expansion would need to comply with strict municipal zoning bylaws regarding setbacks, lot coverage, and building size. Feasibility should be verified with the city planning department.
5. What does it mean that the "Year Built" rank is "above average"?
This is a relative comparison. A rank in the top 23% on its street for year built means it is newer than about 77% of comparable homes on Melrose Avenue W. Built in 1960, it is significantly newer than the street's average home built in 1948.
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