Property score
51.6
Fair
Overall 51.6 · Newer than most nearby homes
964 sqft (top 39%) · Built in 1961 (16 yrs newer than avg)
Located in a above-average income area with median household income of ~68k
Transit 86.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 1 dining spot, 5 schools, 1 shop, and 1 park nearby
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Above average
16 yrs newer than neighborhood avg.
Mother tongue
English · 81%Tagalog · 3%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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51.6 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: #46110891
$68K
Median household income
$70K
Average household income
18%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.3
P90 / P10 ratio
35%
Single-person households
20%
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
367 Melbourne Avenue — 9 amenities found within 500 m, across 5 categories, including 1 dining (nearest 487 m), 5 education (nearest 244 m), 1 shopping (nearest 404 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 5% | Top 8% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 367 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition within the Munroe West neighbourhood. Built in 1961, it is notably newer than most homes on its street and in the immediate area, which typically date to the 1940s. This suggests potentially fewer issues associated with very old infrastructure. With 964 sqft of living space, it offers more room than the average home on Melbourne Avenue, providing above-average interior space for the local context.
The primary appeal lies in its strong assessed value of $317,000, which ranks in the top 6% on its street and top 14% in Munroe West. This indicates it is perceived as a higher-value property within its core comparison groups, likely due to its combination of newer build year and generous living area. However, the lot size is more compact at 3,575 sqft, which means lower maintenance but less private outdoor space compared to neighbours.
This property would suit a first-time buyer or downsizer seeking a well-positioned, move-in-ready home in a stable neighbourhood without the premium price of a larger lot. It’s also a practical choice for those who prioritize interior space and modern construction (relative to the area) over extensive yard work. The data suggests you are paying for a quality structure in a sought-after location, rather than land.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $350k-$400k in mid-2022. The current assessed value of $317k is below that range, which may reflect market adjustments or the municipality's assessment methodology. It’s important to get verified sale figures and a current market evaluation.
2. What does the "newer" build year really mean for a 1961 home?
While 1961 is not new, it is significantly newer than the average 1942-1945 home in the vicinity. This could mean updated electrical, plumbing, or foundation standards for its era, potentially reducing the immediate need for major system upgrades common in pre-war homes.
3. The lot is smaller than average. Is that a disadvantage?
It depends on your lifestyle. A smaller lot means less yard maintenance, which can be a benefit for busy professionals or those wanting a lock-and-leave property. The trade-off is less space for gardening, expansions, or large outdoor gatherings.
4. The assessed value ranks very high locally but is average citywide. Why?
This highlights the neighbourhood's overall affordability compared to the wider Winnipeg market. The home is a higher-tier property within Munroe West, but its value is moderated when compared to newer or larger homes in more expensive city districts. It signifies strong local appeal.
5. Where can I see exact historical sold prices?
Due to data licensing rules, exact sold prices are not displayed publicly on this site. You can request the full, verified transaction history by email using the provided form, and the team will send it to you directly.
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