Property score
53.9
Fair
Overall 53.9 · Newer than most nearby homes
924 sqft (top 46%) · Built in 1955 (10 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 healthcare facility, 1 shop, and 1 park nearby
Living Area
Near average
4% smaller than neighborhood avg.
Year Built
Above average
10 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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53.9 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
554 Melbourne Avenue — 8 amenities found within 500 m, across 7 categories, including 1 dining (nearest 335 m), 1 healthcare (nearest 391 m), 1 shopping (nearest 393 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 48% | Bottom 38% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 554 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This home at 554 Melbourne Avenue in Munroe West is a well-situated, post-war bungalow built in 1955. With 924 sqft of living space on a 4,499 sqft lot, its size is very typical for its immediate street and neighborhood, offering a comfortable footprint without being oversized. The appeal lies in its strong positional value within a established community. The assessed value of $281k ranks above average for Melbourne Avenue itself, suggesting it is a solid performer on its block. For its wider area and the city overall, it presents as a more affordable option, positioned below the citywide average for both size and value.
This property would suit first-time buyers or downsizers seeking a manageable home in a mature neighborhood without a premium price tag. It also appeals to the value-conscious buyer who prioritizes a good standing on their specific street over having the largest home in the city. A thoughtful perspective is that a home of this era on a good-sized lot may offer more potential for updates or expansions compared to newer, denser developments, provided the structure is sound.
Frequently Asked Questions
1. How does this home compare to others on the street?
It holds its own very well. Its assessed value is in the top 27% on Melbourne Avenue, meaning it is valued higher than most of its direct neighbors. It is also a newer build compared to many homes on the street.
2. Is the living space small compared to Winnipeg averages?
Yes, at 924 sqft, it is below the citywide average living area. However, it is very much in line with the typical home size in the Munroe West neighborhood, making it a standard offering for this area.
3. What can the 2021 sale price tell me?
The home sold between $200k-$250k in March 2021. This historical data shows a significant increase to its current $281k assessed value, highlighting market appreciation. For exact sale figures, you can request a manual lookup from the site.
4. The home was built in 1955. What should I consider?
While newer than many homes on its street and in Munroe West, a 71-year-old home will likely have systems (like plumbing, electrical, roof) that are at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any needed updates.
5. How does the lot size impact potential?
The lot is just under 4,500 sqft, which is standard for the area. It provides a good backyard space for a city lot but is not unusually large. Any future expansion, like an addition or garage, would need to consider standard setback requirements.
