Property score
46.7
Below average
Overall 46.7 · Smaller and older than most nearby homes
715 sqft (bottom 10%) · Built in 1914 (31 yrs older than avg)
Located in a above-average income area with median household income of ~79k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 2 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
25% smaller than neighborhood avg.
Year Built
Below average
31 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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46.7 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
265 Melbourne Avenue — 10 amenities found within 500 m, across 7 categories, including 1 dining (nearest 251 m), 2 education (nearest 258 m), 1 healthcare (nearest 379 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 | Bottom 5% | Bottom 8% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 265 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a specific value proposition centered on its lot and location rather than the size or modernity of the house itself. Built in 1914, it is a historic property with a compact 715 sqft living area, placing it well below average for the neighbourhood and city. The assessed value of $214k is also notably lower than area averages, reflecting its modest footprint and age.
Its primary appeal lies in its approximately 4,164 sqft lot, which is fairly standard for the street but offers a relative rarity in today's market: a lower entry price for a land parcel in an established neighbourhood. This combination makes it a practical canvas. It would suit a first-time buyer comfortable with a smaller, character home, or an investor looking for a land-hold opportunity in Munroe West. The data suggests it's not for those seeking move-in-ready modern space, but rather for those who see potential in the underlying asset or value a simpler, more affordable footprint in a mature community.
Frequently Asked Questions
1. Is this a "fixer-upper"?
While the listing doesn't detail condition, the 1914 build date and below-average assessed value suggest the home likely requires updates or maintenance. Buyers should budget for potential renovations, especially to mechanical systems due to the home's age.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size (715 sqft vs. a city average of ~1,342 sqft), its age, and its specific market position. It's assessed comparably to other modest, older homes, not newer or larger builds.
3. Can the lot be subdivided or redeveloped?
This depends on current City of Winnipeg zoning bylaws. The lot size is near the average for the street, so subdivision may not be feasible. Any redevelopment plans would require verification with the city's planning department.
4. How reliable are the sold price ranges shown?
The site notes that sold price data is from public sources, not the MLS, and is presented in broad ranges for non-members. For verified, exact historical sale figures, you must request a manual lookup from the site via email.
5. What are the less obvious costs of owning a home this old?
Beyond visible updates, consider long-term maintenance of original foundations, plaster walls, and older wiring or plumbing. Insurance premiums can also be higher for century-old homes. However, this history can also contribute to the home's unique character.
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