Property score
55.0
Fair
Overall 55.0 · Older than most nearby homes
1,006 sqft (top 33%) · Built in 1921 (24 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
5% larger than neighborhood avg.
Year Built
Below average
24 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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55.0 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: #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
531 Melbourne Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 244 m), 1 education (nearest 426 m), 1 healthcare (nearest 307 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 29% | Bottom 23% | Bottom 14% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 7% | Bottom 8% | Bottom 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 531 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its above-average interior space within a historic, established neighborhood. Built in 1921, the 1,006 sqft house offers more living area than most comparable homes on its street and in the Munroe West area. This makes it a practical choice for those seeking the character of an older home without compromising as much on roominess.
Its primary appeal lies in its affordability and lot potential. With an assessed value significantly below local and city averages, it represents a lower barrier to entry into the housing market. The 3,588 sqft lot, while slightly below the neighborhood average, provides ample outdoor space for gardening, expansion, or simply enjoying a larger yard than many newer infill properties offer. Recent sale history suggests a pattern of value growth.
This property would suit a pragmatic first-time buyer, an investor looking for a character rental, or a hands-on owner who appreciates vintage homes and is prepared for the maintenance that comes with a century-old structure. It’s less suited for those seeking a modern, turn-key home or the absolute largest lot on the block.
Frequently Asked Questions
1. Why is the assessed value notably lower than area averages?
The assessment reflects a combination of the home’s age (105 years), its recent sale price history, and potentially the need for updates or maintenance common to houses of this era. It indicates a purchase price that may be more accessible, but buyers should budget for potential renovations.
2. How does the home’s age impact its value and cost?
While the 1921 build date places it well below the area average for year built, it offers classic character and a established streetscape. The trade-off is that systems like plumbing, wiring, or the foundation may require inspection and potential investment, which is factored into its current valuation.
3. The home sold recently in 2022 and 2020. What does that indicate?
The consecutive sales in a relatively short period could suggest investor activity, a flip, or simply changing owner circumstances. Reviewing the exact sale prices (available by request) would clarify if it was a value-add project or a stable asset, highlighting its investment history.
4. Is the lot size a limitation?
At 3,588 sqft, the lot is slightly smaller than the Munroe West average but is still a generous size by city-wide standards. It is not a limitation for most uses but does mean it isn't among the largest properties in the immediate area.
5. How accurate are the sold price ranges shown?
The site uses publicly available data, not MLS records, and displays prices in $50k bands. For fully verified and exact historical sale figures, you must request a manual lookup via email, as industry rules prevent the direct display of MLS data here.
