67.9
Good
Property score
67.9
Good
Overall 67.9
Larger than most nearby homes
1,436 sqft (top 5%)
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
2-min walk to transit with 4 nearby routes
Within 500m: 4 dining spots, 1 school, 3 healthcare facilitys, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
48% larger 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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67.9 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
701 Pandora Avenue W — 18 amenities found within 500 m, across 9 categories, including 4 dining (nearest 266 m), 1 education (nearest 371 m), 3 healthcare (nearest 371 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 13% | Top 12% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 701 Pandora Avenue W, Winnipeg
Key Characteristics & Appeal
This 1,436 sqft home, built in 1955, presents a compelling mix of space and land value within Winnipeg's Melrose neighbourhood. Its primary appeal lies in its generous, above-average lot size of 7,919 sqft, which ranks in the top 1% of properties in the local area. This offers significant outdoor potential—rare for the neighbourhood—whether for gardening, expansion, or simply enjoying private space. The living area is also notably spacious compared to nearby homes, ranking in the top 5% locally.
The assessed value of $250k sits below the city-wide average, suggesting the property may offer relative value, particularly for the amount of land you acquire. The home suits buyers who prioritize land size over a modern build, and who see potential in a solid, mid-century property. It’s ideal for someone looking for a project, a family wanting room to grow outdoors, or an investor attracted by a lot that significantly outperforms its local peers in size. A thoughtful perspective is that this property represents a trade-off: you’re investing more in the land itself than in the structure, which can be a strategic long-term play in a mature neighbourhood.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is exceptionally large for the Melrose area, ranking in the top 1%. At 7,919 sqft, it is nearly double the local area average of 4,166 sqft.
2. Why is the assessed value below the city-wide average?
While the land is sizable, the assessed value is influenced by the home's age (1955) and its value relative to newer or more extensively renovated properties across the wider city. It aligns more closely with averages in its immediate street and neighbourhood.
3. What does the sold price history indicate?
The home sold between $300k-$350k in 2021. This past sale price range, which was above the current assessed value, can provide context for market trends and potential valuation.
4. Is the living space larger than typical for the area?
Yes. With 1,436 sqft of living area, this home is significantly larger than most in Melrose, ranking in the elite top 5% where comparable homes average about 973 sqft.
5. Where can I see more detailed neighbourhood comparisons?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby homes for detailed comparison of year built, living area, assessed value, and lot size.
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.
