Property score
77.2
Good
Overall 77.2 · Larger and newer than most nearby homes
2,520 sqft (top 1%) · Built in 1955 (10 yrs newer than avg)
Located in a above-average income area with median household income of ~76.5k
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
Living Area
Above average
163% larger 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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77.2 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
504 Chelsea Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 166 m), 1 education (nearest 330 m), 1 healthcare (nearest 239 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 1% | Top 1% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 504 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Chelsea Avenue in Munroe West stands out for its substantial size and generous lot. Built in 1955, its primary appeal lies in its impressive scale relative to its surroundings. With 2,520 sqft of living space, it ranks in the top 1% of homes on its street and in the broader neighbourhood, offering significantly more interior room than typical local properties. This is complemented by a large 7,023 sqft lot, which is also the largest on Chelsea Avenue.
The appeal is rooted in rarity and space. For the area, it represents a uniquely spacious family home, both indoors and outdoors. Its assessed value of $441k reflects this premium, ranking in the top 2% locally. The property would best suit buyers who prioritize interior square footage and a sizable yard over a newer build, and who see value in owning one of the largest homes in a well-established neighbourhood. A thoughtful perspective is that this home offers the space of a newer suburban property but within a mature community, potentially providing a balance of room, established greenery, and character that is hard to find.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1955, the home is newer than many on its street but will likely require updates. Its value is driven more by its exceptional lot and living area size than by its age, suggesting the investment is in the land and footprint.
2. The assessed value is high for the area. What does that mean?
The $441k assessment is in the top 1-2% for Munroe West, indicating the municipality views it as a premium property locally, primarily due to its large lot and above-average living space. The recent sold price range of $400k-$450k aligns closely with this assessment.
3. Is the large lot size a major advantage?
Yes. At over 7,000 sqft, the lot is the largest on Chelsea Avenue and in the top 5% of the neighbourhood. This offers exceptional outdoor space, potential for additions, gardens, or recreation, and contributes significantly to the property's premium valuation.
4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without renovation projects, or those who prefer a neighbourhood where most homes are of a similar, large scale. Its standout size means it differs from the more typical, smaller homes nearby.
5. How can I verify the exact historical sold price?
The site provides sold price ranges for general research. Due to industry rules, exact MLS sold figures are not displayed online. You can request the exact sale history via email from the site’s team for verified, precise data.
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