Property score
52.6
Fair
Overall 52.6 · Compared with neighbourhood average
976 sqft (top 37%) · Built in 1946 (1 yr newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Below average
1 yrs newer than neighborhood avg.
Mother tongue
English · 75%Tagalog · 3%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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52.6 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: #46110699
$77K
Median household income
$80K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
34%
Single-person households
25%
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
505 Melbourne Avenue — 8 amenities found within 500 m, across 7 categories, including 1 dining (nearest 203 m), 1 education (nearest 344 m), 1 healthcare (nearest 279 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%
505 Melbourne Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 505 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 505 Melbourne Avenue in Munroe West is defined by its value proposition and established neighborhood setting. Built in 1946, its 976 sqft living area is notably spacious for its immediate street, ranking in the top 23% locally. The primary appeal lies in its significantly below-average assessed value of $181k, which is well under the averages for the street, neighborhood, and city. This creates a clear entry point into the mature, tree-lined area.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner seeking a solid starter home with room to grow, or an investor looking for a rental property in a stable area. Its above-average interior space for the block is a key asset, though the lot size is somewhat smaller than area norms. The appeal is grounded in affordability and location over modern finishes or large outdoor space, offering a chance to build equity in a long-established community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While the exact reasons aren't specified, a significantly lower assessment often reflects factors like the home's condition, specific renovation history, or layout compared to updated neighbors. It's a primary driver of the listing's affordability.
2. How does the living area compare to nearby houses?
The 976 sqft living area is a standout feature on this street, where the average is 882 sqft. This means the home likely offers more interior space than many direct neighbors, which is a positive for its price point.
3. What does the "Below Average" city-wide ranking for size mean?
Compared to the Winnipeg average of 1,342 sqft, this home is smaller. This highlights its character as a more compact, classic post-war home rather than a larger, modern property, which is typical for its neighborhood and era.
4. Is there any sales history available for this property?
No sales history is publicly shown for this listing. The site notes that exact historical figures can be requested manually via email from their data team.
5. What are the possible trade-offs for the lower price?
The lower assessed value likely correlates with the home’s age (80 years) and potentially the need for updates or maintenance. Buyers should budget for potential renovations. The lot is also smaller than many in Winnipeg, which may limit expansion but reduces yard upkeep.
