Property score
60.2
Fair
Overall 60.2 · Larger and newer than most nearby homes
1,030 sqft (top 29%) · Built in 1956 (11 yrs newer than avg)
Located in a above-average income area with median household income of ~76.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Above average
8% larger than neighborhood avg.
Year Built
Above average
11 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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60.2 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
547 Melbourne Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 285 m), 1 education (nearest 483 m), 1 healthcare (nearest 338 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 1% | Top 1% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 547 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home on Melbourne Avenue in Munroe West presents a compelling mix of space, value, and location. Built in 1956, its key strength lies in its generous 5,982 sqft lot, which ranks in the top 3% on its street and top 13% in the local area, offering significant outdoor potential. With 1,030 sqft of living space, it is comfortably above average for both the street and neighbourhood.
The appeal is rooted in its standout position within the immediate community. Its assessed value of $351k places it in the elite top 4% for Munroe West, suggesting it is perceived as a premium property in this specific locale. This creates an interesting dynamic: while the home offers more interior space and a much larger lot than many local comparables, its value is notably lower than the Winnipeg city-wide average for homes of similar size. This positions it as a savvy opportunity for buyers who prioritize lot size and neighbourhood standing over a newer build or maximum square footage.
This property would suit a buyer looking for a established home with room to grow, garden, or entertain outdoors. It’s ideal for someone who values a strong position within a specific, desirable neighbourhood rather than just city-wide metrics. It may also attract value-conscious buyers willing to take on a home from the 1950s to secure a large parcel of land in a well-regarded area.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home sold for an estimated $400k-$450k in August 2022, which was in the top 1% for the area at that time. The current assessed value is $351k. This difference is common and reflects different valuation methods and market timing; an assessment is not a market appraisal.
2. Is the living space smaller than average for Winnipeg?
Yes, at 1,030 sqft, it is below the Winnipeg city-wide average for homes. However, it is notably larger than the average home on Melbourne Avenue (882 sqft) and in the Munroe West area (958 sqft), meaning it offers more space than most of its direct neighbours.
3. What does the "Elite" ranking for Land Area mean?
It means the property's lot size of 5,982 sqft is among the largest available. On Melbourne Avenue, it ranks 5th largest out of 194 homes, placing it in the top 3%. This is a significant and less common feature for the street.
4. The home was built in 1956. What should I consider?
While newer than many homes on its street (average year built 1942), a 70-year-old home will likely have older components like plumbing, electrical, and windows. A thorough inspection is essential to understand the condition and any needed updates or maintenance.
5. How can I get the exact historical sale price?
The site provides sold price ranges for general research. Due to industry rules, exact MLS sale figures are not published here. You can request the exact sale history by email through the site’s provided form, and they will manually look it up and send it to you.
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