Property score
66.8
Good
Overall 66.8 · Compared with neighbourhood average
1,200 sqft (bottom 42%) · Built in 1975 (1 yr older than avg)
Located in a high-income area with median household income of ~100k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 7 parks nearby
Living Area
Near average
14% smaller than neighborhood avg.
Year Built
Below average
1 yrs older than neighborhood avg.
Mother tongue
English · 75%Punjabi · 3%
Past 10 years River East sales snapshot (~80% of all data)
826
425k
$395/sqft
1976
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
66.8 is composed by the two sections below.
Property Score
Community Score
River East
How to read: Share of sales in each ~$50k price band for “river east” (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: #46110741
$100K
Median household income
$113K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
15%
Single-person households
27%
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
78 Melonlea Cove — 7 amenities found within 500 m, across 1 categories, including 7 parks (nearest 103 m).
River East · WPS public data · 2026
Annual incidents
17
2026
vs. city avg
-42%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
71%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 1% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 78 Melonlea Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,200 sqft bungalow, built in 1975, presents a compelling value proposition in Winnipeg's River East neighborhood. Its primary appeal lies in its efficient use of space and its position as a more affordable entry point into a established area. The home's living area is notably above average for its specific street, suggesting a well-sized layout compared to immediate neighbors. However, the assessed value of $261k is significantly below both neighborhood and city averages, indicating a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes.
The property would suit first-time buyers, downsizers, or value-focused investors seeking a practical home in a mature community without paying a premium for lot size. The smaller, 3,010 sqft lot means less yard maintenance—a plus for those seeking a low-maintenance lifestyle—but offers less private outdoor space than typical area homes. Its strongest selling point is location within a stable street where the home itself compares favorably in size and age, making it a sensible choice for someone prioritizing indoor space and community over a large yard.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a red flag?
Not necessarily. A lower assessment relative to the area often reflects the home's specific attributes (like a smaller lot) and can mean lower property taxes. It's a key part of this property's value profile, but a professional inspection is always recommended to understand the home's condition.
2. How does the smaller lot size impact daily living?
It translates to minimal yard work, which is a benefit for those who don't want gardening or extensive maintenance. The trade-off is limited space for additions, large decks, or private recreational areas like a big garden or play structure.
3. The home last sold in 2016. What does that indicate?
A nearly decade-long ownership suggests a stable period and possibly consistent upkeep. It also means there may be fewer recent comparable sales on this specific street, making a current market valuation by a real estate professional especially important.
4. How does this home compare to others on the street?
The data shows it ranks highly for living area and year built on Melonlea Cove itself. This means you're getting a home that is newer and larger than most on its immediate block, which is a positive localized feature.
5. Where can I get verified sale price history for this home?
The site notes that exact sold price data is not displayed publicly due to industry rules. They offer a manual lookup service where you can request the exact figures via email, which they will provide without using your address for marketing.
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.
