Property score
57.1
Fair
Overall 57.1 · Newer than most nearby homes
1,013 sqft (top 37%) · Built in 1958 (11 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: 5 dining spots, 1 school, 3 healthcare facilitys, and 1 shop nearby
Living Area
Near average
4% larger than neighborhood avg.
Year Built
Above average
11 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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57.1 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
701 Melrose Avenue W — 20 amenities found within 500 m, across 9 categories, including 5 dining (nearest 243 m), 1 education (nearest 284 m), 3 healthcare (nearest 311 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 48% | Top 49% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 701 Melrose Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 701 Melrose Avenue W is a 1,013 sqft bungalow built in 1958, situated on a 4,200 sqft lot in the Melrose neighbourhood. Its core appeal lies in its strong value proposition within its immediate area. The assessed value ($30,600) ranks notably above average for both the street and the broader Melrose area, suggesting it is a well-regarded property in its local context. While its size is modest compared to the Winnipeg city-wide average, it offers more space than many comparable homes nearby.
The property would suit practical, value-conscious buyers—such as first-time homeowners or downsizers—looking for an established home in a neighbourhood of similar properties. Its above-average assessment for the area could indicate better upkeep or desirable features not captured in the basic metrics. A thoughtful perspective is that this home represents a "neighbourhood anchor" rather than a city-wide standout; its value is best understood within the context of its community, where it consistently outperforms peers. The lot size provides a decent outdoor space for the area, which is a plus for those wanting a manageable yard.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for the street in both assessed value and year built, meaning it is likely newer and has a higher valuation than most of its direct neighbours. Its living area and lot size are around the street average.
2. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value is for municipal tax purposes. However, the fact that it ranks in the top 25-27% within the Melrose area indicates that, compared to similar homes, it is considered to have greater value by the assessor, often due to condition, improvements, or location.
3. What does the sold price history from 2020 tell us?
The previous sale in the $200k-$250k range provides a historical benchmark. Its city-wide ranking for that sold price was in the top 81%, meaning it was below the city's average sale price at that time, which aligns with the home's more modest size relative to the entire Winnipeg market.
4. The home was built in 1958. What should I consider?
While newer than many homes on the street and in the area, a 68-year-old home will likely have had some systems updated. It's important to investigate the age and condition of major components like the roof, wiring, plumbing, and foundation.
5. How useful are the "rank" and "top X%" figures?
These figures are most useful for understanding how this property stacks up against a specific peer group. They show that this home is a strong performer within Melrose itself but is a more average or modest offering when compared to the entire, much more diverse Winnipeg housing market.
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.
