Property Overview: 416 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This 1955 bungalow in Munroe West presents a balanced offering for buyers seeking a established home with room to grow. Its key appeal lies in its generous, above-average lot size of over 5,800 sqft—a standout feature both on its street and in the wider neighbourhood. This provides significant outdoor space and potential for expansion or landscaping that is less common in newer developments.
The 939 sqft living area is typical for the immediate area, offering a manageable footprint for downsizers or first-time buyers, while the assessed value of $298,000 positions it as a solid, above-average value within Munroe West itself. A thoughtful perspective is that this home, built in 1955, is actually newer than many of its direct neighbours, which may suggest updated infrastructure or materials compared to other homes on the block. It suits practical buyers who prioritize land size over sheer interior square footage, and who see value in a home that is competitively positioned within its local market rather than just by city-wide averages.
Frequently Asked Questions
1. How does the property’s value compare to nearby homes?
The home’s assessed value is above the average for the Munroe West area, but is very close to the average for Chelsea Avenue itself. This suggests it is priced in line with its most immediate peers.
2. Is the lot size a significant advantage?
Yes. The land area is in the top 17% for the neighbourhood, meaning you’re getting more yard space than most homes in Munroe West. This is a key differentiator for gardening, recreation, or future projects.
3. When was it last sold, and for how much?
Public records indicate a sale between September and October of 2017, with a sold price in the range of CA$200,000–250,000. For verified, exact historical sale figures, you can request a manual lookup from the site.
4. The home seems smaller than the Winnipeg average. Is that a concern?
While the living area is below the city-wide average, it is squarely average for the Munroe West neighbourhood. This is typical of many established, mid-century communities and reflects a more efficient use of space compared to newer, larger suburban homes.
5. What does the "above average" year built ranking mean?
It means this home (built 1955) is newer than most on its street and in the neighbourhood. In this context, "newer" is relative, but it could indicate slightly more modern construction techniques or materials for the area.