Property score
45.9
Below average
Overall 45.9 · Smaller than most nearby homes
750 sqft (bottom 17%) · Built in 1952 (7 yrs newer than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 8 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Near average
7 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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45.9 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
449 Melbourne Avenue — 14 amenities found within 500 m, across 7 categories, including 1 dining (nearest 250 m), 8 education (nearest 189 m), 1 healthcare (nearest 321 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 9% | Top 14% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 449 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This 750 sqft bungalow, built in 1952, sits on a generous 4,477 sqft lot in Munroe West. Its core appeal lies in a compelling value proposition within its immediate context. While the living space is modest compared to broader city averages, the property’s assessed value of $304k ranks well above average for both its street and neighbourhood. This suggests a home that is perceived to offer good value or desirable attributes relative to its local peers.
The data paints a picture of a established, well-located property. It is newer than many homes on its street and offers a lot size that provides ample outdoor space and potential. The most recent sale (Fall 2021) fell within the $300k-$350k range, aligning with its strong local assessment.
This home would suit first-time buyers or downsizers seeking an affordable entry into a mature neighbourhood with room to grow outdoors. It’s also a practical fit for value-oriented investors or buyers who prioritize lot size over interior square footage and appreciate a home that stands out positively in its immediate market.
Frequently Asked Questions
1. Is the living area too small?
At 750 sqft, the home is compact. It ranks below average for size within the wider city and Munroe West area, indicating it’s best for individuals, couples, or small families. However, its efficient use of space is reflected in its above-average assessed value for the neighbourhood.
2. Why is the assessed value higher than many neighbours?
The assessment ranking in the top 23% for Munroe West suggests factors like the lot size, the home's condition, its 1952 build date (newer than many on the street), or specific improvements contribute to a higher valuation than the area's average.
3. What does the lot size offer?
The 4,477 sqft lot is a significant asset. It provides substantial private outdoor space, which is less common in newer developments. This allows for gardening, recreation, and potential for additions like a garage, shed, or deck.
4. How reliable is the sold price data shown?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via the provided email service on the listing page.
5. How does this home fit into the broader city market?
City-wide, this property is around average for assessed value but below average for living area. This highlights its positioning as a locally competitive property in Munroe West, rather than a direct competitor to larger, newer suburban homes.
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