Property score
68.5
Good
Overall 68.5 · Larger and newer than most nearby homes
1,344 sqft (top 6%) · Built in 1955 (10 yrs newer than avg)
Located in a above-average income area with median household income of ~82k
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
40% larger than neighborhood avg.
Year Built
Above average
10 yrs newer than neighborhood avg.
Mother tongue
English · 71%Tagalog · 4%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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68.5 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: #46110700
$82K
Median household income
$100K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
28%
Single-person households
28%
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
509 Chelsea Avenue — 10 amenities found within 500 m, across 8 categories, including 1 dining (nearest 130 m), 1 education (nearest 336 m), 1 healthcare (nearest 194 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 26% | Bottom 42% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
509 Chelsea Avenue presents a well-established home in Winnipeg's Munroe West neighborhood. Built in 1955, its key appeal lies in offering above-average space and land relative to its immediate area, positioned in a mature community with a strong sense of permanence.
Key Characteristics & Appeal
This home is characterized by its generous 1,344 sqft living area and 5,850 sqft lot, both of which rank in the top quarter of homes on Chelsea Avenue and in the broader Munroe West area. This means you get more interior room and outdoor space than most neighbors, a notable advantage in an older neighborhood. The 1955 build date is also newer than most comparable homes nearby, which can suggest updates or a potentially more modern layout than some peers.
Its assessed value of $314k is consistently above average for its street and neighborhood, yet sits below the city-wide average for homes of similar size. This positioning hints at a value proposition: you're investing in a property that stands out locally without the premium of some city-wide markets.
The home would suit a buyer looking for a established, spacious property in a mature neighborhood. It's ideal for someone who values room to grow, garden, or simply have more privacy than newer, denser subdivisions offer. A thoughtful perspective is that this property represents a "larger fish in a smaller pond" – its advantages are most apparent when compared directly with its immediate surroundings, offering a lifestyle upgrade within a specific community context.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($314k) is for municipal tax purposes and is typically based on past market data. It can be a general indicator, but the actual selling price is determined by current market conditions, the home's specific state, and buyer demand.
2. The home was last sold in 2016. What does that mean?
A single sale in the last nine years suggests long-term ownership, which can indicate a well-maintained property and a stable neighborhood. It also means there is less recent sales data to gauge precise current market value for this specific home.
3. What are the implications of the home being "newer" than others on the street?
A 1955 build date being in the top 6% on its street means many homes nearby are older. This could translate to advantages like updated electrical or plumbing systems (for its era), or a floor plan that feels more modern. However, as a 71-year-old home, a thorough inspection is still essential.
4. The lot is large for the area, but average for the city. What's the benefit?
While the lot size is around the city-wide average, it's significantly larger than most in Munroe West. This offers more private outdoor space, gardening potential, and distance from neighbors than is typical for the immediate area, which is a key local advantage.
5. How can I get the exact historical sold price?
The provided data shows a sold price range from 2016. Due to industry regulations, exact sold prices are not published online here. You can request the exact figures by email via the "Request exact figures by email" button on the property page, and the site will provide them manually.
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