Property score
41.5
Below average
Overall 41.5 · Smaller but newer than most nearby homes
660 sqft (bottom 6%) · Built in 1956 (11 yrs newer than avg)
Located in a above-average income area with median household income of ~68k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 7 schools, 1 shop, and 1 park nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Above average
11 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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41.5 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
381 Melbourne Avenue — 11 amenities found within 500 m, across 5 categories, including 1 dining (nearest 454 m), 7 education (nearest 231 m), 1 shopping (nearest 375 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 28% | Top 40% | Bottom 29% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Bottom 26% | Bottom 15% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 381 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Munroe West, built in 1956 on a notably spacious 3,576 sqft lot. The home itself is compact at 660 sqft, but it features a renovated basement and a detached garage. Its appeal lies in a combination of a large, desirable lot and recent updates, offering a solid foundation in a mature neighbourhood. The property ranks in the top tiers for lot size within its street and wider area, suggesting a premium outdoor space relative to many nearby homes.
It would suit a first-time buyer or an investor looking for a manageable property with clear upside potential, particularly in the land value. The renovated basement adds functional living space, making it practical for those comfortable with a cozy main floor. A less obvious perspective is its potential for future expansion; the generous lot size, uncommon for the area, provides a rare opportunity for additions or landscaping that newer subdivisions often cannot match. The sales history shows significant value growth between 2017 and 2021, indicating a strong trajectory in a popular locale.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 660 sqft, the main living area is smaller than many in the neighbourhood, placing it in the bottom 7% on its street. This highlights the home as a land-value proposition or a project for expansion, rather than a move-in-ready, spacious dwelling.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to verify, as it significantly adds to the home's functional square footage and overall value.
3. Is the assessed value a reliable indicator of the likely selling price?
No, the assessed value of $27.8k is for municipal tax purposes and is not a market valuation. The home last sold for $270k in 2021, which is a far more relevant benchmark, though current market conditions will determine the new price.
4. What is the neighbourhood like?
Munroe West is a mature, established neighbourhood in Winnipeg. The high rankings for lot size among nearby properties suggest a streetscape with more spacious yards than average, contributing to a less crowded feel.
5. Who might this property not suit?
It may not suit buyers seeking a large, modern home without renovation work. The compact main floor and the age of the structure (70 years) mean that while updated, it likely requires a buyer comfortable with the maintenance and potential future updates characteristic of an older home.
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