Property score
44.6
Below average
Overall 44.6 · Smaller than most nearby homes
682 sqft (bottom 8%) · Built in 1946 (1 yr newer than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 9 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Below average
1 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 2%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
44.6 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: #46110892
$73K
Median household income
$83K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
36%
Single-person households
26%
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
421 Melbourne Avenue — 15 amenities found within 500 m, across 7 categories, including 1 dining (nearest 323 m), 9 education (nearest 166 m), 1 healthcare (nearest 383 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 31% | Bottom 26% | Bottom 15% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Bottom 19% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
421 Melbourne Avenue is a 682 sqft bungalow built in 1946, situated on a notably large 5,965 sqft lot in Winnipeg's Munroe West neighbourhood. Its key characteristic is the contrast between its compact living space and its generous, above-average lot size for the immediate area. The home’s assessed value of $261k is very typical for its street and neighbourhood, but sits below the Winnipeg city average, reflecting its smaller footprint.
The primary appeal lies in its land. The lot size ranks in the top 6% on Melbourne Avenue, offering significant outdoor space and potential for expansion, gardening, or future additions—a rare find for the price point in the area. This makes it an ideal candidate for a buyer comfortable with a cozy, efficient home who prioritizes yard space and future potential over immediate square footage. It would suit a first-time buyer, an investor looking for a property with land value, or someone interested in a long-term project where the land itself is the major asset. A thoughtful perspective is that this property represents an entry into a stable neighbourhood not through a large house, but through a disproportionately large piece of the neighbourhood itself.
1. Is the house too small?
At 682 sqft, the living area is below average for the street, neighbourhood, and city. It is a compact, efficient layout best suited for 1-2 people. The value proposition is less about the interior space and more about the land it sits on.
2. What is the potential for expansion or renovation?
The large lot is a significant asset for potential expansion, subject to local zoning and permit approvals. The age of the home (built 1946) means any major renovation would need to budget for updates to foundational systems while potentially working with classic character.
3. How does the assessed value compare?
The $261k assessment is almost exactly the average for Melbourne Avenue and is competitive within Munroe West. It is, however, notably below the city-wide average assessed value, largely due to the home's smaller size compared to the typical Winnipeg house.
4. What is the sales history?
The property sold previously in 2016 and 2021, both times within the $200k-$250k price band. This indicates a history of steady demand at this price level in the area.
5. Are there similar properties nearby?
The listing shows several nearby homes on Melbourne Avenue with similar assessed values and living areas, confirming this is a consistent property type for the street. The lot size for this specific listing, however, is larger than most of its immediate neighbours.
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.
