Property score
43.7
Below average
Overall 43.7 · Smaller and older than most nearby homes
780 sqft (bottom 22%) · Built in 1915 (30 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
Below average
19% smaller than neighborhood avg.
Year Built
Below average
30 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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43.7 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
533 Melbourne Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 250 m), 1 education (nearest 435 m), 1 healthcare (nearest 311 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 5% | 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: 533 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home at 533 Melbourne Avenue in Munroe West presents a distinct profile defined by its vintage charm and its position within the local market. Built in 1915, it is a notably older home on its street and in the broader area, which suggests potential for classic architectural character but also implies a need for diligent maintenance and updates. With 780 sqft of living space, the home is compact, ranking below average for the city overall but more in line with the scale of the immediate neighbourhood.
The appeal lies in its efficient footprint and lot size (3,588 sqft), which offers manageable outdoor space without excessive upkeep. A key financial point is its assessed value of $277,000, which sits above the average for Melbourne Avenue itself. This indicates that, within its specific local context, the property is viewed as holding relative value, potentially due to its lot, location, or recent improvements.
This property would best suit a first-time buyer, downsizer, or pragmatic investor looking for an entry into the market with a clear, manageable scope. It appeals to those who value a established neighbourhood feel over modern square footage and are prepared to appreciate—or thoughtfully update—a home with over a century of history. A less obvious perspective is that its smaller size and older vintage could mean lower utility costs and a simpler renovation canvas compared to larger, more complex modern layouts.
Frequently Asked Questions
1. What does it mean that the assessed value is above average for the street but below average for the city?
This suggests the home is valued quite strongly within its immediate neighbourhood context (Melbourne Avenue), possibly due to specific lot attributes or condition. The city-wide comparison reflects that it is a more modest, older home compared to the broader Winnipeg average, which includes many newer and larger suburban properties.
2. As a 1915 home, what should I be most concerned about?
Prospective buyers should prioritize inspections for foundational integrity, wiring, plumbing, and insulation. The age indicates potential for charming original features, but also means core systems may be older or have undergone various updates over the decades.
3. How useful is the 2017 sale price data?
The prior sale (listed between $150k-$200k) provides historical context, but the market has evolved significantly since then. The current assessed value of $277k is a more relevant starting point for understanding its municipal valuation today, though market price is determined by current buyer demand.
4. Is the living area of 780 sqft sufficient for a small family?
It is compact by modern standards and would require efficient use of space. It could work for a small family, particularly if the layout is open or the basement is finished for additional living area. Comparing it to nearby homes (like 505 Melbourne Ave at 976 sqft) can give a tangible sense of scale.
5. How do I get the exact historical sold prices instead of a range?
The site does not display MLS sold data. You can request exact figures by using the "Request exact figures by email" feature on the property page. A representative will perform a manual lookup and email you the information, typically by the end of the same business day.
