Property score
51.4
Fair
Overall 51.4 · Newer than most nearby homes
854 sqft (bottom 40%) · Built in 1955 (10 yrs newer than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 3 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Above average
10 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 2%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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51.4 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: #46110892
$73K
Median household income
$83K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
36%
Single-person households
26%
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
408 Chelsea Avenue — 9 amenities found within 500 m, across 7 categories, including 1 dining (nearest 340 m), 3 education (nearest 136 m), 1 healthcare (nearest 391 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 4% | Top 2% | Top 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
408 Chelsea Avenue in Winnipeg’s Munroe West neighbourhood presents a compelling mix of established character and strong local value. Built in 1955, this home sits on a generous 5,851 sqft lot, which is notably larger than many in the immediate area. With 854 sqft of living space, the house itself is modestly sized compared to the citywide average but is quite typical for the neighbourhood.
The primary appeal lies in its standout assessed value of $368k, which ranks in the top 3-6% for both its street and the broader Munroe West area. This suggests the property is perceived as a higher-value asset locally, potentially due to its lot size, condition, or specific location. The home last sold in March 2022 for an estimated $400k-$450k.
This property would suit a buyer looking for a established neighbourhood with larger outdoor space, who prioritizes the investment potential and equity of a well-assessed home over sheer interior square footage. It’s a practical choice for a first-time buyer, a downsizer, or an investor seeking a stable asset in a mature community.
1. Why is the assessed value so high compared to nearby homes?
The assessment ranks in the top 3% for Munroe West, significantly above the area average. This typically reflects a combination of the above-average lot size, the property's condition, and market valuations for Chelsea Avenue specifically.
2. Is the living space too small?
At 854 sqft, the home is slightly below the average for its street but very close to the average for Munroe West. It offers a more compact, manageable layout suited to individuals, couples, or small families.
3. What does the sold price history indicate?
The home sold in March 2022 within the $400k-$450k range. This historical sale, above the current assessed value, can provide context for market trends and the property’s trajectory.
4. Are there any concerns with a 1955 build?
A home of this age will likely require diligent maintenance and potential updates to major systems like plumbing, electrical, or the roof. A thorough inspection is essential.
5. How does the large lot size benefit me?
The nearly 5,900 sqft lot offers ample outdoor space for gardening, recreation, or future expansion (subject to zoning bylaws), which is a valuable and less common feature in older neighbourhoods.
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