Property score
47.1
Below average
Overall 47.1 · Smaller than most nearby homes
738 sqft (bottom 14%) · 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
23% 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
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47.1 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
425 Melbourne Avenue — 15 amenities found within 500 m, across 7 categories, including 1 dining (nearest 311 m), 9 education (nearest 165 m), 1 healthcare (nearest 373 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 17% | Top 27% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 425 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1946, the 738 sqft house is modest in size, ranking below average for living space both locally and city-wide. However, it sits on a 5,966 sqft lot, which is notably larger than most on its street and in the Munroe West area, ranking in the top 5% and 14% respectively. This creates a clear opportunity: the value here is primarily in the land, offering potential for expansion, gardening, or outdoor living that is uncommon for the neighbourhood.
Its assessed value of $266,000 is around the average for nearby homes but sits below the Winnipeg city average, suggesting a more accessible entry point into the market. The home last sold between $250,000-$300,000 in mid-2024.
This property would best suit a practical buyer who sees potential beyond the current footprint. It’s ideal for someone willing to live in a smaller, character home while enjoying ample outdoor space, or for a long-term planner considering a future renovation or addition. It’s less suited for those seeking immediate move-in condition with modern, spacious interiors.
Frequently Asked Questions
1. Is the house too small?
At 738 sqft, the living area is below average for the city and neighbourhood. It would suit individuals, couples, or small families comfortable with a cozy layout, or those with plans to expand.
2. What makes this property valuable given the smaller house?
The primary asset is the land. The lot size is significantly larger than most comparable properties on the street and in the area, offering rare potential for expansion, a large garden, or outdoor amenities.
3. How does the assessed value compare?
The $266,000 assessment is typical for Munroe West but is below the Winnipeg city average. This indicates the price reflects a local, land-value-based assessment rather than the square footage of the home itself.
4. What does the recent sale price tell us?
The home sold for an estimated $250,000-$300,000 in June 2024. This recent transaction in a similar price range to the current assessment suggests a stable, grounded market value for the property as-is.
5. Are there similar properties nearby?
Yes, the immediate vicinity has homes of similar vintage and assessed value. However, the key differentiator for 425 Melbourne is its larger lot size compared to these neighbours, which is not immediately apparent from price or house size alone.
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