Property score
44.2
Below average
Overall 44.2 · Smaller and older than most nearby homes
780 sqft (bottom 22%) · Built in 1925 (20 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
20 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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44.2 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
535 Melbourne Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 256 m), 1 education (nearest 443 m), 1 healthcare (nearest 315 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 1% | Bottom 3% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 535 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 535 Melbourne Avenue is defined by its value proposition and classic character. Built in 1925, it is a compact, 780 sqft residence on a standard 3,588 sqft lot in the Munroe West neighbourhood. Its most striking feature is its assessed value of $175k, which is notably below average for its street, area, and the wider city. This creates a clear entry point into the Winnipeg market.
The appeal lies in its affordability and potential. It suits first-time buyers or investors seeking a lower-cost footprint in a stable, established neighbourhood. The lot size is typical for the street, offering standard outdoor space. A thoughtful perspective is that its older vintage, while requiring due diligence, often comes with construction materials and charm not found in newer builds. It last sold between 2016-2021 for an estimated $150k-$200k, suggesting a history of being a value-oriented property. This is not a large or modern home, but a practical base for those comfortable with a character property and prioritizing financial accessibility over square footage.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value indicate?
It primarily indicates a lower municipal tax assessment, which often correlates with a more affordable purchase price. It reflects the home's smaller size and older age compared to local averages.
2. Are there concerns with a 101-year-old home?
Absolutely. A professional inspection is essential. While it has stood for a century, key systems like wiring, plumbing, and the foundation will need careful evaluation for age, updates, and ongoing maintenance needs.
3. How does the living area compare to nearby homes?
At 780 sqft, it's slightly smaller than the average on its street (~882 sqft) and notably smaller than the citywide average. This confirms it's a compact, efficient layout best for individuals, couples, or small families.
4. Can I get the exact historical sale price?
The site provides a sold price range. For the exact figure, you must request a manual lookup via email, as this data is not sourced from the MLS system.
5. What is the neighbourhood context like?
The provided data compares the home statistically to its surroundings. To truly understand the street and neighbourhood—viewing nearby home conditions, lot sizes, and values visually—you would need to open the dedicated neighbourhood analysis map page linked in the details.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
