Property score
55.8
Fair
Overall 55.8 · Newer than most nearby homes
912 sqft (top 49%) · Built in 1954 (9 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
Near average
5% smaller than neighborhood avg.
Year Built
Above average
9 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
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
55.8 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
506 Chelsea Avenue — 9 amenities found within 500 m, across 8 categories, including 1 dining (nearest 173 m), 1 education (nearest 346 m), 1 healthcare (nearest 243 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 30% | Top 16% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 506 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 912 sqft bungalow, built in 1954, sits on a notably generous 5,853 sqft lot in the Munroe West neighborhood. Its primary appeal lies in a compelling combination of location, space, and value. The home itself offers practical, average-sized living quarters for the area, but the true standout feature is the lot size, which ranks in the top 7% on its own street and the top 16% within Munroe West. This presents a significant opportunity for gardening, outdoor living, or future expansion.
The assessed value of $299k positions the property above the average for Munroe West, suggesting it is a well-regarded home within its immediate community, though it sits below the wider Winnipeg city average. This creates a value proposition for buyers seeking established neighborhoods over newer, higher-priced subdivisions. The home last sold in mid-2023, indicating a relatively recent market transaction.
This property would best suit practical buyers looking for a solid foundation in a stable neighborhood. It’s ideal for first-time homeowners who value outdoor space over a large interior, or for downsizers seeking a manageable home with a premium-sized yard. It also holds potential for long-term holders who may see value in the lot’s possibilities.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a key advantage. At 5,853 sqft, it is substantially larger than most in the Munroe West area, offering more private outdoor space than roughly 84% of nearby comparable homes.
2. Is the assessed value likely to lead to a high property tax bill?
While the $299k assessment is above the Munroe West average, it remains well below the Winnipeg city average. Taxes would be more influenced by the local neighborhood rate rather than a city-wide premium.
3. What does the "above average" ranking for Year Built in the area mean?
Built in 1954, this home is actually newer than about 73% of comparable homes in Munroe West. This suggests the immediate area consists of very well-established, mature properties, and this house is among the more recent builds in that context.
4. The living area is ranked "below average" city-wide. Is the house small?
At 912 sqft, the living space is below the Winnipeg average, which is skewed by newer, larger suburban homes. However, it is perfectly aligned with the typical size of homes in Munroe West (avg. 958 sqft), indicating it is a standard, functional size for this established neighborhood.
5. How can I verify the exact past sale price?
The provided data shows a sold price range. Due to industry regulations, exact historical sale figures are not published automatically on this site. You can request the precise sale history via the email lookup service provided on the property page.
