Property score
56.0
Fair
Overall 56.0 · Newer than most nearby homes
922 sqft (top 46%) · 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
Near average
4% smaller 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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56.0 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
551 Melbourne Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 296 m), 1 education (nearest 497 m), 1 healthcare (nearest 347 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 45% | Bottom 40% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 551 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This 922 sqft bungalow, built in 1956, sits on a notably generous 5,384 sqft lot in the Munroe West neighborhood. Its primary appeal lies in the value of the land and its strong standing within its immediate context. While the home's living area is modest by city-wide standards, it is competitively sized for the street and area. The assessed value of $287k is above average for Melbourne Avenue, suggesting the property is well-regarded in its direct peer group.
The home would suit practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a property from the 1950s, or an investor attracted by the larger-than-average lot in a stable neighborhood. The data indicates you are purchasing a property that outperforms many of its closest neighbors in key metrics like lot size and assessed value, which can be a smart, grounded strategy. It represents an opportunity to own a home with inherent equity in its land, rather than paying a premium for extensive finished space.
Frequently Asked Questions
1. How does this home compare to others on the street?
It holds a strong position. It has a larger lot (top 9%), a higher assessed value (top 22%), and is newer (top 12%) than most homes on Melbourne Avenue. The living space is comfortably above the street's average.
2. The home was last sold in 2017. Can I get the exact sale price?
The public data shows a sale price range of CA$200k–250k for January 2017. For fully verified and exact historical transaction figures, you can request a manual lookup via email from the site, as they do not display MLS records.
3. What might the larger lot size mean for me?
A lot size that ranks in the top 10% on the street offers clear advantages: more outdoor space, better potential for additions or a garage, and generally more privacy than neighboring properties. It's a tangible asset that isn't easily replicated.
4. The city-wide rankings for size and value seem low. Is this a concern?
Not necessarily. This reflects the difference between mature neighborhoods like Munroe West and newer suburban areas. City-wide averages are skewed by larger, newer, and more expensive homes elsewhere. The more relevant comparisons are within the neighborhood and street, where this property is competitive.
5. What are the nearby homes like?
The adjacent properties on Melbourne Avenue are of similar vintage (1940s-1950s), with comparable or slightly smaller living areas and lot sizes. This consistency suggests a stable, established streetscape without drastic variations in property scale.
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