58.1
Fair
Property score
58.1
Fair
Overall 58.1
Newer than most nearby homes
918 sqft (top 47%)
Built in 1955 (10 yrs newer than avg)
Located in a above-average income area
with median household income of ~82k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
4% smaller 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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58.1 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
556 Bronx Avenue — 9 amenities found within 500 m, across 7 categories, including 1 dining (nearest 252 m), 1 education (nearest 493 m), 1 healthcare (nearest 273 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 2% | Top 1% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 556 Bronx Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 918 sqft bungalow, built in 1955, presents a compelling value proposition within Winnipeg's Munroe West neighborhood. Its primary appeal lies in a significant lot size of 5,850 sqft, which is well above average for both the immediate street and the broader area. This offers substantial outdoor space and potential for gardening, expansion, or future development, a notable advantage in an established community.
The home’s assessed value of $361,000 is a standout feature, ranking in the top 3% of the Munroe West area. This suggests the property is viewed as a premium asset within its local market, likely due to its generous lot. While the living area is modest compared to the city-wide average, it is typical for the neighborhood. This creates an interesting dynamic: you are acquiring a highly valued property with a smaller footprint on a large lot, which may suit a buyer looking for land value and the option to renovate or expand over time.
This property would best suit a pragmatic buyer who values land over sheer interior size. It’s ideal for someone seeking a established neighborhood character, who may be willing to update a 1950s-era home to modern standards in exchange for a premium lot. It could also appeal to an investor or homeowner with long-term vision, seeing the underlying land value and the possibility of tailoring the space to their needs.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value is likely elevated due to the property's significantly larger lot size (5,850 sqft) compared to area averages. Assessors factor land value heavily, and this lot is in the top 13% on its street and top 19% in Munroe West.
2. How does the home's size compare to others?
At 918 sqft, the living area is slightly below the average for the city overall but is quite typical for the Munroe West neighborhood, ranking near the middle of homes in the area.
3. What is the recent sales history?
Records indicate the property sold in April 2022 for an estimated price between $400,000 and $450,000. For fully verified and exact historical sale figures, a manual lookup via the site's email request service is recommended.
4. Is the lot size a potential advantage?
Yes. The lot is substantially larger than most in the immediate vicinity. This provides more privacy, yard space, and potential for additions, gardens, or sheds that wouldn't be possible on a standard lot.
5. What does the "Elite" ranking for assessed value in Munroe West mean?
This means the property's assessed value is in the top 3% of all 1,123 comparable homes in the Munroe West area. It indicates that, for property assessment purposes, this is considered one of the higher-value homes in this specific neighborhood.
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