58.1
Fair
Property score
58.1
Fair
Overall 58.1
Newer than most nearby homes
912 sqft (top 49%)
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 healthcare facility, 1 park, and 1 fuel station nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
5% 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
557 Chelsea Avenue — 7 amenities found within 500 m, across 6 categories, including 1 dining (nearest 275 m), 1 healthcare (nearest 304 m), 1 parks (nearest 362 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 3% | Top 1% | Top 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 557 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This 912 sqft bungalow, built in 1955, sits on a generous 5,850 sqft lot in Munroe West. Its primary appeal lies in its strong positional value within its immediate community. While the living space is modest compared to the citywide average, the property stands out for its above-average assessed value for both the street and the neighbourhood, indicating it is perceived as a premium home in its local context. The lot size is also notably larger than most in the area, offering valuable outdoor space and potential.
The home would suit practical buyers who prioritize lot size and established neighbourhood character over sheer interior square footage. It’s a strong fit for first-time buyers looking for a manageable home with room to grow outdoors, or for downsizers seeking a single-level layout in a well-regarded local setting. A thoughtful perspective is that this property represents a "value anchor" on its street—its higher assessment can positively influence neighbouring properties, making it a stable investment within the micro-market of Chelsea Avenue.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in March 2025 for an estimated $400k–$450k, which is above its $356k assessed value. This suggests strong market demand and that buyers placed a premium on the property beyond its official valuation.
2. Is the living area small for a home at this price point?
Compared to the Winnipeg average, yes. However, within Munroe West and on Chelsea Avenue specifically, the living area is very typical. The value here is derived more from the lot size, location, and the property's standing relative to its immediate peers.
3. What does the "Elite" and "above average" ranking for Assessed Value mean?
It means that, compared to similar homes in the Munroe West neighbourhood and on Chelsea Avenue, this property's $356k assessment is in the top 4% and 6%, respectively. It is considered a higher-value home in its direct locale, even if it's around average citywide.
4. The home is 71 years old. What should I consider?
While newer than many on its street (ranked in the top 6% by year built), a home from 1955 will likely have had updates over time. A thorough inspection of major systems like plumbing, electrical, and the roof is essential, but the age itself is typical and even a relative advantage for the area.
5. How can I find out the exact sold price?
The precise sale figure is not published publicly on this site due to data source restrictions. You can request the exact sold price history via email from the site administrators, who will provide it through a manual lookup.
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