Property score
43.4
Below average
Overall 43.4 · Smaller than most nearby homes
690 sqft (bottom 7%) · Built in 1947
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: 4 dining spots, 1 school, 2 healthcare facilitys, and 1 shop nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Near average
0 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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43.4 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
600 Regent Avenue W — 16 amenities found within 500 m, across 9 categories, including 4 dining (nearest 443 m), 1 education (nearest 388 m), 2 healthcare (nearest 479 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 39% | Top 43% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This is a compact, post-war home built in 1947, situated on a notably generous lot in Winnipeg's Melrose neighbourhood. Its key appeal lies in the significant contrast between its modest 690 sqft living space and its larger-than-average 5,099 sqft land area. With an assessed value significantly below the city average, it presents as an entry-point opportunity. The home would suit a practical first-time buyer, an investor looking for a land-value play, or a hands-on individual willing to renovate or expand. Its value is grounded more in its land potential and location than in its current structure, making it a project-oriented purchase rather than a move-in-ready solution.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state as a smaller, older home. It is assessed based on its existing structure and use, not its potential redevelopment value, which is why it sits well below the city's average for homes.
2. Is the small living area a major drawback?
It depends on your needs. For a single person, couple, or investor, it can be a manageable and efficient space. The more notable point is that the large lot provides a rare opportunity to potentially expand the home or redevelop the land in the future, which is uncommon for properties at this price point.
3. What does the "Top 17%" ranking for Land Area on its street mean?
This statistic indicates that this property's lot size is larger than 83% of the comparable lots on Regent Avenue W. It highlights that the parcel of land is a standout feature for the immediate area, offering more outdoor space or future potential than most of its neighbours.
4. The home last sold between 2023-2025. What does the sold price range tell me?
The public price range (CA$200k–250k) gives you a recent market benchmark. To understand the exact sale price and any potential price changes since, you can request the precise figure from the listing service, which they provide manually via email.
5. What are the less obvious factors to consider with a home from 1947?
While the mechanical systems and structure should be professionally inspected, a thoughtful perspective is to research the neighbourhood's development trends. A larger lot in an established area can be a long-term asset, but it's wise to understand any local zoning bylaws or heritage considerations that might affect future renovation or expansion plans before purchasing.
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