Property score
50.2
Fair
Overall 50.2 · Older than most nearby homes
950 sqft (top 41%) · Built in 1914 (31 yrs older than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 80.0 · 2-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
1% smaller than neighborhood avg.
Year Built
Below average
31 yrs older 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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50.2 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
530 Melbourne Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 289 m), 1 education (nearest 452 m), 1 healthcare (nearest 355 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 24% | Top 39% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 530 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition within Winnipeg's Munroe West neighborhood. Its primary appeal lies in being a more affordable entry point into a mature community. At 950 sqft, the living space is notably above average for its immediate street and competitive within the local area, suggesting a well-utilized floor plan for its era. The assessed value of $204k is significantly below averages for the street, neighborhood, and city, indicating a lower property tax burden and potential opportunity for a buyer comfortable with an older home (built in 1914).
The property suits practical, value-conscious buyers. It's ideal for a first-time homeowner willing to put in sweat equity, an investor looking for a character rental, or someone seeking to minimize monthly carrying costs while gaining a foothold in a settled area. A thoughtful perspective is that its older vintage and smaller lot (3,300 sqft) compared to neighbors could be framed as lower-maintenance, focusing ownership on the home itself rather than extensive yard work. Its recent sale in the $250k-$300k range confirms its position as a competitively priced option in the current market.
Frequently Asked Questions
1. What does the "below average" assessed value mean for me?
A lower assessed value typically translates to lower municipal property taxes, which is a direct annual saving. It generally reflects the home's age, size, and market position rather than its condition.
2. As a 1914 home, what should I be prepared for?
While charm and character are likely, potential buyers should budget for updates to older mechanical systems (like plumbing or wiring) and anticipate energy efficiency improvements. A thorough inspection is essential.
3. The lot is smaller than others on the street. Is that a disadvantage?
It depends on your priorities. A smaller lot means less exterior maintenance and yard work, which can be a benefit for those seeking a simpler lifestyle or with less time for upkeep.
4. How reliable is the sold price data shown?
The provided sold price range is based on public data, not the MLS. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as noted in the data disclaimer.
5. The home seems priced for its condition. Is this a "renovator's delight"?
Given its age, value, and recent sale, it likely appeals to buyers comfortable with some level of updating. Its appeal is rooted in solid fundamentals (location, space) at a lower cost, leaving room in the budget for personalization or phased improvements.
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