Property score
51.5
Fair
Overall 51.5 · Newer than most nearby homes
882 sqft (bottom 44%) · Built in 1955 (10 yrs 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
8% smaller than neighborhood avg.
Year Built
Above average
10 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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51.5 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
508 Melbourne Avenue — 8 amenities found within 500 m, across 7 categories, including 1 dining (nearest 258 m), 1 education (nearest 386 m), 1 healthcare (nearest 332 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: 508 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home at 508 Melbourne Avenue in Munroe West presents a solid, grounded opportunity in Winnipeg’s housing market. Built in 1955, it is a newer construction compared to many homes on its street and in the immediate area, which may suggest fewer concerns with some aging infrastructure common to the neighbourhood’s older stock. The 882 sqft living area is typical for the street but is notably more compact than the Winnipeg city average, defining its character as a efficient, manageable space.
The property’s primary appeal lies in its generous 5,000 sqft lot, which is larger than most on Melbourne Avenue, offering valuable outdoor space and potential. With an assessed value of $287,000, it sits above the street average, indicating it is perceived as a higher-quality asset within its immediate context, yet remains priced well below the citywide average—a key point for value-conscious buyers.
This home would best suit first-time buyers or downsizers seeking a established neighbourhood character without the upkeep of a much larger property. It’s for someone who prioritizes a larger yard over interior square footage and understands the value proposition of a home that stands out positively on its own block, even if it’s more modest by broader city standards.
Frequently Asked Questions
1. How does the home’s size compare to nearby properties?
At 882 sqft, the living area is exactly the average for Melbourne Avenue. It is slightly smaller than the Munroe neighbourhood average and significantly smaller than the typical Winnipeg home, indicating a compact, efficient layout.
2. Why is the assessed value higher than the street average?
The assessed value of $287,000 ranks in the top 22% on Melbourne Avenue. This is likely due to a combination of its larger-than-average lot size, its relatively newer construction date for the area, and the property’s specific condition and improvements.
3. What does the 1955 build year mean for a buyer?
While 71 years old, this home is actually newer than most on its street (ranking in the top 18%). This can be an advantage, potentially meaning updates to original systems have already been made or that major components may have a slightly longer service life than in older neighbouring homes.
4. How reliable is the last sold price data from 2017?
The provided sold price range (CA$200k–250k) is based on public, non-MLS data. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as industry rules prevent the display of MLS sold records here.
5. Is the large lot a common feature in this area?
The 5,000 sqft lot is above the street average, ranking in the top 22% on Melbourne Avenue. In the broader Munroe West area, it is about average. This lot size is a distinguishing feature of this particular property compared to its closest neighbours.
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