Property score
51.5
Fair
Overall 51.5 · Newer than most nearby homes
848 sqft (bottom 38%) · 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 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 healthcare facility, 1 shop, and 1 park nearby
Living Area
Below average
11% 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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51.5 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
562 Melbourne Avenue — 8 amenities found within 500 m, across 7 categories, including 1 dining (nearest 355 m), 1 healthcare (nearest 407 m), 1 shopping (nearest 418 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 23% | Top 38% | Bottom 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 562 Melbourne Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a solid, value-oriented opportunity in the Munroe West neighbourhood. Its key appeal lies in offering a balanced urban living package at a below-city-average price point. The 848 sqft bungalow, built in 1955, sits on a notably generous 5,299 sqft lot for the street and local area, providing above-average outdoor space and potential. With an assessed value of $264,000, it is positioned comfortably around the average for both its street and the Munroe West area, but significantly below the Winnipeg city average, suggesting relative affordability.
The property suits first-time buyers seeking a manageable home with room to grow, or value-focused investors. Its appeal is grounded in practicality: you're acquiring a larger-than-typical lot in a mature neighbourhood, which could allow for future expansion, gardening, or simply more private space. A thoughtful perspective is that while the living area is compact city-wide, its efficient layout on a large lot offers a different kind of balance—prioritizing outdoor room over indoor square footage, which can be a rarer find. The recent sale in early 2023 indicates a modern transaction history, providing a clear, recent market benchmark for buyers.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to nearby properties?
The home’s assessed value is very typical for Melbourne Avenue and the broader Munroe West area, ranking near the middle. However, it sits about 32% below the average assessed value for comparable homes across Winnipeg, highlighting the neighbourhood's affordability relative to the wider city.
2. Is the house small compared to others?
At 848 sqft, the living area is slightly below the average for Munroe West and more compact than the typical Winnipeg home. This indicates a more efficient, likely easier-to-maintain footprint. On its street, however, it's very close to the average size.
3. What are the advantages of the larger lot size?
The 5,299 sqft lot is larger than about 82% of lots on Melbourne Avenue. This is a standout feature, offering more privacy, space for recreation, gardening, or future projects like a shed, deck, or addition, which can be difficult to find in established neighbourhoods.
4. Given it 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 had updates. A key consideration is the condition and age of major systems (roof, wiring, plumbing, windows) and whether any recent renovations align with modern standards. Its age is typical for the city overall.
5. Where can I get verified historical sale data?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service; you can request the exact sale history by email, and they will provide the verified figures directly to you at no cost.
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