Property score
52.4
Fair
Overall 52.4 · Compared with neighbourhood average
918 sqft (top 47%) · Built in 1948 (3 yrs newer than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 6 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
4% 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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52.4 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
470 Melbourne Avenue — 13 amenities found within 500 m, across 7 categories, including 1 dining (nearest 258 m), 6 education (nearest 279 m), 1 healthcare (nearest 337 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 24% | Bottom 21% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 470 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 470 Melbourne Avenue in Munroe West is a classic post-war bungalow, built in 1948. Its key characteristics reveal a property that is very typical for its immediate neighborhood but offers notable value when viewed in a wider city context.
The 918 sqft living area and 4,499 sqft lot size are both squarely average for Melbourne Avenue and the broader Munroe West area. This suggests a home that fits comfortably within the established fabric of the community, neither unusually large nor small for the locale. The assessed value of $254k follows this pattern, aligning closely with area averages.
The appeal lies in this very sense of proportion and value. For a buyer, it represents an opportunity to own a standard, no-surprises property in a mature neighborhood without paying a premium for extra size or recent updates. Compared to the Winnipeg city-wide averages, this home is notably more affordable, with a living area and assessed value significantly below the city norm. This positions it as a practical entry point into the housing market.
This property would best suit a first-time homebuyer or a pragmatic downsizer seeking an honest, character-home foundation in a stable neighborhood. It’s for someone comfortable with a home of this vintage, possibly viewing it as a canvas for gradual updates rather than expecting a move-in perfect modern finish. A thoughtful perspective is that its "average" metrics within the neighborhood could be a stability advantage, potentially insulating it from extreme market fluctuations compared to outlier properties.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home is very typical for Melbourne Avenue and Munroe West. Its size, lot, and assessed value all rank close to the middle of the pack for the immediate area, meaning it’s a representative example of the neighborhood’s housing stock.
2. What is the significance of the city-wide comparisons?
While the home is average for its area, its living space and value are below the city-wide average. This highlights that it sits in a more affordable segment of the Winnipeg market overall, which can represent good value for money depending on your priorities.
3. The home was built in 1948. What should I consider?
As a home from this era, prospective buyers should budget for potential updates to major aging components like plumbing, electrical, windows, or the roof. A thorough inspection is essential. The positive trade-off is often solid construction and a well-established neighborhood.
4. What is known about previous sale prices?
Public records indicate it last sold between $200k-$250k in May 2017. To obtain the exact historical sale price and a fully verified transaction history, you must request a manual lookup from the site via email, as they do not publish MLS data.
5. How useful are the "nearby" and "similar value" property lists?
These lists are helpful for quick benchmarking. The nearby properties give you a direct visual of the streetscape and immediate neighbors. The "similar assessed value" list shows what other types of properties exist at this price point across Winnipeg, aiding in comparison shopping.
