Property Summary: 504 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Chelsea Avenue in Munroe West stands out for its substantial size and generous lot. Built in 1955, its primary appeal lies in its impressive scale relative to its surroundings. With 2,520 sqft of living space, it ranks in the top 1% of homes on its street and in the broader neighbourhood, offering significantly more interior room than typical local properties. This is complemented by a large 7,023 sqft lot, which is also the largest on Chelsea Avenue.
The appeal is rooted in rarity and space. For the area, it represents a uniquely spacious family home, both indoors and outdoors. Its assessed value of $441k reflects this premium, ranking in the top 2% locally. The property would best suit buyers who prioritize interior square footage and a sizable yard over a newer build, and who see value in owning one of the largest homes in a well-established neighbourhood. A thoughtful perspective is that this home offers the space of a newer suburban property but within a mature community, potentially providing a balance of room, established greenery, and character that is hard to find.
Section 2: Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1955, the home is newer than many on its street but will likely require updates. Its value is driven more by its exceptional lot and living area size than by its age, suggesting the investment is in the land and footprint.
2. The assessed value is high for the area. What does that mean?
The $441k assessment is in the top 1-2% for Munroe West, indicating the municipality views it as a premium property locally, primarily due to its large lot and above-average living space. The recent sold price range of $400k-$450k aligns closely with this assessment.
3. Is the large lot size a major advantage?
Yes. At over 7,000 sqft, the lot is the largest on Chelsea Avenue and in the top 5% of the neighbourhood. This offers exceptional outdoor space, potential for additions, gardens, or recreation, and contributes significantly to the property's premium valuation.
4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without renovation projects, or those who prefer a neighbourhood where most homes are of a similar, large scale. Its standout size means it differs from the more typical, smaller homes nearby.
5. How can I verify the exact historical sold price?
The site provides sold price ranges for general research. Due to industry rules, exact MLS sold figures are not displayed online. You can request the exact sale history via email from the site’s team for verified, precise data.