47.9
Below average
Property score
47.9
Below average
Overall 47.9
Smaller than most nearby homes
770 sqft (bottom 21%)
Built in 1948 (3 yrs newer than avg)
Located in a above-average income area
with median household income of ~87k
Transit 88.0
1-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
20% smaller than neighborhood avg.
Year Built
Near average
3 yrs newer than neighborhood avg.
Mother tongue
English · 79%Tagalog · 4%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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47.9 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: #46110703
$87K
Median household income
$92K
Average household income
9%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
28%
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
497 Chelsea Avenue — 9 amenities found within 500 m, across 7 categories, including 1 dining (nearest 102 m), 1 education (nearest 248 m), 1 healthcare (nearest 181 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 | Bottom 23% | Bottom 38% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 497 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, post-war home built in 1948, offering a practical entry point into Winnipeg’s Munroe West neighbourhood. Its key characteristic is its modest scale: with 770 sqft of living space and a 3,511 sqft lot, it sits below average in size for its street, area, and the wider city. The assessed value of $252k follows a similar pattern, being below the street and city averages but aligning closely with the average for Munroe West itself.
The primary appeal lies in affordability and location. It represents a lower-cost option within its immediate area, potentially suiting first-time buyers or investors seeking a manageable property. Its size and value metrics suggest it’s not a "fix-and-flip" candidate competing with larger homes, but rather a straightforward, functional dwelling. A thoughtful perspective is that its smaller footprint could mean lower utility costs and less maintenance, appealing to those seeking simplicity. It would suit buyers with realistic budgets who prioritize getting into the neighbourhood over finding a spacious or modern home, or an investor looking for a rental property with a relatively modest tax assessment.
Frequently Asked Questions
1. Is this a good value compared to nearby homes?
Based on the data, its assessed value is around average for the broader Munroe West area but below average for Chelsea Avenue specifically and the city overall. This suggests it may be priced accessibly for the neighbourhood.
2. What should I know about the size of the home and lot?
Both the house (770 sqft) and the lot (3,511 sqft) are notably smaller than most comparable properties on its street and in Winnipeg. Buyers should be comfortable with a compact living space and yard.
3. How old is the property, and what does that imply?
Built in 1948, it is older than most homes on its street and in the city. Prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation that are typical for homes of this era.
4. What was it last sold for, and how can I find out the exact price?
It sold between September 2021 for a price between CA$200k and $250k. The site notes that exact sold prices are not displayed publicly due to data source rules, but they can be requested manually via email from the provider.
5. How does this property typically compare to others?
The rankings consistently show this home in the bottom tiers (often between the 70th and 93rd percentile) for size, lot, and value compared to peers. This isn’t necessarily negative—it clearly defines the property as a more affordable, smaller-scale option within its market.
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.
