Property Overview: 391 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1950-built home in Munroe West presents a solid, grounded opportunity. Its primary appeal lies in offering above-average space for the neighbourhood at a manageable price point. With 1,122 sqft of living area, it ranks in the top 15-19% for size compared to nearby homes, which typically average under 1,000 sqft. This suggests a home that may feel more spacious than many in the immediate area without commanding a premium price.
The lot size of 5,616 sqft is also notably larger than the Munroe West average, offering good outdoor potential. The assessed value of $284,000 sits comfortably around the local average but is well below the city-wide average, highlighting the area's relative affordability. This combination positions the property as a practical choice: you get more house and land for your dollar within this specific community compared to broader Winnipeg.
This home would suit first-time buyers or practical-minded investors looking for a foothold in a stable neighbourhood without overextending financially. It’s for someone who values interior and yard space over a newer build or a central city location. A thoughtful perspective is that its "average" valuation locally, paired with its "above-average" living area, could indicate room for value growth through updates, as the core structure offers a generous footprint.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in March 2024 for between $250,000 and $300,000. The assessed value is $284,000, which falls squarely within that reported sale price range, indicating the assessment is aligned with recent market activity.
2. Is the house older than others nearby?
Not significantly. Built in 1950, it is typical for Munroe West, where the average home was built around 1945-1950. It is, however, older than the average Winnipeg home.
3. What does the "below average" city-wide assessed value ranking mean?
While the value is around average for its street and neighbourhood, it ranks below average compared to all Winnipeg properties. This primarily reflects the overall affordability of the Munroe West area compared to the entire city, not necessarily a condition issue with this specific home.
4. How can I find out the exact sale price?
The provided data shows a price band. For the exact sale price and full transaction history, you must request a manual lookup via email through the site, as they do not display MLS records.
5. What are the immediate neighbouring properties like?
The closest neighbours on Chelsea Avenue are homes of very similar vintage (1950s). Nearby listings on Melbourne and Sydney Avenues show slightly newer builds (mid-1950s) but with significantly smaller living areas (around 660 sqft), underscoring this property's comparative space advantage.