Property Overview & Key Characteristics
This 1950-built home on Chelsea Avenue in Munroe West presents a practical, value-oriented opportunity. Its key appeal lies in its relative affordability within a mature neighbourhood, as reflected by its assessed value of $269k, which sits below the Winnipeg city average. The 780 sqft living area is compact, placing it in the smaller tier of homes locally, but is paired with a reasonably sized lot of just under 5,000 sqft. This combination suggests a home that may require efficient use of interior space but offers typical outdoor space for the area.
The property suits first-time buyers or downsizers seeking an entry point into the Winnipeg market with lower property taxes. It also appeals to value-focused investors or hands-on buyers comfortable with a home of this vintage, who see potential in the land ratio or a manageable renovation project. A less obvious perspective is its positioning within Munroe West itself: while its size is below average for the street, its value is actually competitive with the wider neighbourhood average, indicating it may be priced efficiently for the immediate area.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $269k is a municipal calculation for tax purposes. Recent sold data for the area suggests a final sale price can vary, but this assessment provides a grounded baseline for market value in this neighbourhood.
2. How does the smaller living area impact livability?
At 780 sqft, the home is notably compact. It would suit a single person, a couple, or a small household comfortable with efficient living. The lot size is standard, so any future expansion may be a possibility, subject to permits and regulations.
3. What should I consider about a home built in 1950?
Homes of this age can have solid construction but likely require updates to major systems like wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and any needed investments in modernization or maintenance.
4. How does this property rank compared to its immediate neighbours?
The data shows it ranks below average on Chelsea Avenue for both living area and lot size. However, its assessed value is more in line with the broader Munroe West average, suggesting it might offer better value per dollar on its street.
5. Where can I get verified historical sale price data for this home?
The provided data notes that exact sold prices are not displayed due to industry rules. You can request the full transaction history and exact figures directly via email from the site, which they will provide manually.