Property score
75.9
Good
Overall 75.9 · Larger but older than most nearby homes
2,037 sqft (top 1%) · Built in 1935 (10 yrs older than avg)
Located in a above-average income area with median household income of ~79k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Above average
113% larger than neighborhood avg.
Year Built
Below average
10 yrs older than neighborhood avg.
Mother tongue
English · 81%Tagalog · 4%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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75.9 is composed by the two sections below.
Property Score
Community Score
Munroe West
How to read: Share of sales in each ~$50k price band for “munroe west” (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: #46110890
$79K
Median household income
$89K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
28%
Single-person households
21%
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
240 Melbourne Avenue — 11 amenities found within 500 m, across 7 categories, including 1 dining (nearest 151 m), 2 education (nearest 298 m), 1 healthcare (nearest 387 m).
Munroe West · WPS public data · 2026
Annual incidents
26
2026
vs. city avg
-12%
relative to avg
Year-over-year
▼ -88%
vs. prior year
Primary type
Property
65%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 16% | Top 27% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 240 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home stands out in its immediate neighborhood for its generous proportions. With over 2,000 square feet of living space, it ranks in the top 1% for size on its street and in the Munroe West area, offering significantly more room than local averages. The 6,000 sqft lot is also a notable feature, placing in the top 2% on Melbourne Avenue, providing ample outdoor space rarely found in the area.
Its appeal lies in this combination of a large, classic home on a substantial lot within a well-established neighborhood. The assessed value of $348k is elite for the street and area, suggesting a property that is well-maintained or has desirable features, yet remains below the city-wide average for home values. This creates a value proposition for buyers seeking space and character without a premium city-wide price tag.
Built in 1935, the home is of a mature vintage. This suits buyers looking for a property with traditional charm and the potential for customization, rather than a modern, move-in-ready build. It would ideally suit a growing family needing more interior and yard space than is typical in Munroe West, or a value-conscious buyer who prioritizes lot size and sees the older build date as an opportunity to shape the home to their own taste over time.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold between $250k-$300k in July 2021. Its current assessed value of $348k is higher, indicating a likely increase in market value or improvements since that last sale. For exact historical sold prices, a manual lookup can be requested.
2. Is the larger lot size a benefit for future expansion?
Potentially, yes. The lot is significantly larger than most on the street and in the area. This could provide flexibility for additions, a large garage, or extensive landscaping, subject to local zoning and bylaws.
3. What should I consider with a home built in 1935?
While offering classic character, it’s important to factor in the maintenance and updating typical of a 90-year-old home. Prospective buyers should pay close attention to the condition of major systems (roof, plumbing, electrical, foundation) and consider potential renovation costs for kitchens or bathrooms to modernize the interior.
4. The home ranks "below average" for year built city-wide. Is this a concern?
This ranking simply reflects that the home is older than most across all of Winnipeg. In the context of its own mature neighborhood, its age is quite average. This is typical for established, character-filled areas and is not an outlier for Munroe West.
5. Who are the closest neighbors, and what are their homes like?
The immediate neighbors on Melbourne Avenue have smaller homes, averaging just 882 sqft of living space and 4,361 sqft lots. This means 240 Melbourne Avenue is a notably larger property on the block, offering more privacy and scale than the houses directly beside it.
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