Property score
53.0
Fair
Overall 53.0 · Compared with neighbourhood average
937 sqft (top 44%) · Built in 1948 (3 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, 9 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Near average
3 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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53.0 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
450 Melbourne Avenue — 16 amenities found within 500 m, across 7 categories, including 1 dining (nearest 285 m), 9 education (nearest 241 m), 1 healthcare (nearest 360 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 48% | Bottom 38% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 450 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1948 home in Munroe West presents a practical and well-situated offering. Its primary appeal lies in its strong local positioning. With 937 sqft of living space, it is notably above average for its specific street (top 30%) and comfortably on par for the wider Munroe West neighborhood. This suggests a home that feels spacious within its immediate context without the premium or maintenance burden of a much larger city-wide property. The assessed value of $263k follows a similar pattern, being very typical for Melbourne Avenue and the broader area, yet positioned below the Winnipeg city average, indicating relative value within a established community.
The lot size of 4,599 sqft is solid for the area, offering decent outdoor space. The home’s age (78 years) is typical for the neighborhood, appealing to buyers comfortable with the character and potential update cycles of a post-war house. It suits first-time buyers seeking a manageable entry into a stable area, downsizers looking for a reasonably sized home without a sprawling lot, or value-focused investors attracted to a property priced below city averages but competitive in its local market. A thoughtful perspective is that this property represents a "local optima"—it may not lead city-wide rankings, but it offers a balanced, above-average package within its own desirable micro-market.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to its neighbors?
At 937 sqft, the living area is larger than the average home on Melbourne Avenue (882 sqft avg.) and is competitive within the Munroe West area. It offers more interior space than many direct comparables on the same street.
2. Is the assessed value in line with recent sale prices on the street?
The home last sold between $200k-$250k in late 2022. Its current $263k assessment is slightly above that sale price range but remains very close to the current street average assessed value of approximately $257.7k.
3. What does the "below average" city-wide ranking mean?
For metrics like living area and assessed value, being "below average" city-wide primarily reflects that newer suburban developments and larger home styles pull the overall Winnipeg averages up. This is common for established, older neighborhoods and often correlates with a more affordable entry point.
4. How old is this home compared to others nearby?
Built in 1948, it is slightly newer than the average home on Melbourne Avenue (avg. year built ~1942) and for Munroe West overall (~1945). It is a characteristic post-war home for the area.
5. Can I get the exact historical sale price?
The public data shows a sold price range. To obtain the exact sale figure, you must request a manual lookup via email from the site, as they do not display MLS sold records due to industry regulations.
