Property Overview: 468 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1954-built home in Munroe West presents a compelling mix of space, value, and location. Its key characteristic is its generous 1,336 sqft living area, which ranks in the top 9% on its street and top 7% in the wider Munroe West area, offering significantly more interior space than many neighbouring homes. The lot size is also comfortably above the area average. With an assessed value of $292,000, it sits at a moderate point for the immediate neighbourhood but represents a notable value proposition compared to the higher city-wide average.
The appeal lies in this balance. It’s a home that offers more room than most in its vicinity without a premium price tag, suggesting solid value for money. It would suit practical buyers looking for space—such as growing families or those wanting a home office or workshop—within a stable, established neighbourhood. A thoughtful perspective is that its "average" assessment on the street could indicate room for value-adding improvements, while its below-average city-wide valuation highlights the affordability of the Munroe West area compared to Winnipeg as a whole. It’s ideal for a buyer who prioritizes interior and yard space over a newer build or a central-city premium location.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The home last sold between $250,000-$300,000 in July 2021. Its current assessed value of $292,000 is around the average for Chelsea Avenue and Munroe West, but below the city-wide average, indicating its price is competitive for this specific area.
2. Is the living space unusually large for the neighbourhood?
Yes. With 1,336 sqft, this home has substantially more living area than the average home on Chelsea Avenue (~978 sqft) and in Munroe West (~958 sqft). This is one of its standout features.
3. What does the "below average" city-wide assessed value mean?
This means the home’s assessed value is lower than the average for all homes across Winnipeg. This doesn’t reflect the home’s condition, but rather highlights that property values in Munroe West are generally more affordable than in many other parts of the city.
4. How old is the home, and is that typical?
Built in 1954, the home is 72 years old. This is slightly newer than the average for Munroe West (1945) and is typical for the street, placing it in a mature neighbourhood with homes of a similar vintage.
5. Where can I get verified historical sale data?
The site’s sold price data is based on public records, not the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup via email from the service provider, as industry rules prevent displaying MLS records directly.