Property score
59.6
Fair
Overall 59.6 · Larger and newer than most nearby homes
1,182 sqft (top 17%) · Built in 1950 (16 yrs newer than avg)
Located in a above-average income area with median household income of ~76k
Transit 86.0 · 5-min walk to transit with 4 nearby routes · Within 500m: 9 schools, 1 shop, and 2 place of worships nearby
Living Area
Above average
24% larger than neighborhood avg.
Year Built
Above average
16 yrs newer than neighborhood avg.
Mother tongue
English · 75%Tagalog · 3%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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59.6 is composed by the two sections below.
Property Score
Community Score
Chalmers
How to read: Share of sales in each ~$50k price band for “chalmers” (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: #46110894
$76K
Median household income
$86K
Average household income
10%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
33%
Single-person households
24%
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
388 Munroe Avenue — 12 amenities found within 500 m, across 3 categories, including 9 education (nearest 105 m), 1 shopping (nearest 457 m).
Chalmers · WPS public data · 2026
Annual incidents
67
2026
vs. city avg
+127%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
51%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Top 38% | Bottom 14% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 388 Munroe Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on a standard-sized lot in Chalmers presents a practical opportunity. Built in 1950, its key strength is space efficiency: with 1,182 sqft of living area, it offers significantly more room than most comparable homes on its street and in the immediate neighbourhood. This suggests a well-utilized floor plan. A recently renovated basement adds modern, functional living space, while the detached garage provides flexible storage or workshop potential.
The appeal here is value and practicality within a mature community. The home’s assessed value is modest and below the city-wide average, positioning it as an accessible entry point into the market. It would suit first-time buyers, downsizers, or investors looking for a straightforward, low-maintenance property with updated fundamentals. A thoughtful perspective is that while the home isn't new, its above-average living space for the area means you're paying for usable square footage rather than premium lot size or location within the city—a smart trade-off for those focused on interior space and renovation value over a sprawling yard.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
2. How does the low sale price from 2018 relate to today’s value?
The 2018 sale price of $21,500 reflects a specific market condition and likely the home’s state prior to the basement renovation. The current assessed value of $26,300 is a more relevant baseline, though the final market price will be determined by recent comparable sales and current demand.
3. What does “above average living area for the street” mean for daily life?
It means that for this specific block and neighbourhood, you likely get more bedroom, storage, or living room space than many neighbouring homes of a similar style and vintage, which can be a notable comfort advantage without a premium price tag.
4. Are there any concerns with a 1950s build?
While the basement has been renovated, the main structure is 76 years old. A thorough inspection is essential to assess the condition of core systems like wiring, plumbing, and the roof, which may be original or nearing the end of their service life.
5. What is the neighbourhood character like?
Located in Chalmers, the property sits on a street with homes of a similar age and scale. The area has a mix of long-term residents and newer buyers. Its "above average" rankings within Chalmers for lot size, year built, and living area suggest it is in a relatively established and stable part of the neighbourhood.
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