Property Overview
509 Chelsea Avenue presents a well-established home in Winnipeg's Munroe West neighborhood. Built in 1955, its key appeal lies in offering above-average space and land relative to its immediate area, positioned in a mature community with a strong sense of permanence.
Key Characteristics & Appeal
This home is characterized by its generous 1,344 sqft living area and 5,850 sqft lot, both of which rank in the top quarter of homes on Chelsea Avenue and in the broader Munroe West area. This means you get more interior room and outdoor space than most neighbors, a notable advantage in an older neighborhood. The 1955 build date is also newer than most comparable homes nearby, which can suggest updates or a potentially more modern layout than some peers.
Its assessed value of $314k is consistently above average for its street and neighborhood, yet sits below the city-wide average for homes of similar size. This positioning hints at a value proposition: you're investing in a property that stands out locally without the premium of some city-wide markets.
The home would suit a buyer looking for a established, spacious property in a mature neighborhood. It's ideal for someone who values room to grow, garden, or simply have more privacy than newer, denser subdivisions offer. A thoughtful perspective is that this property represents a "larger fish in a smaller pond" – its advantages are most apparent when compared directly with its immediate surroundings, offering a lifestyle upgrade within a specific community context.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($314k) is for municipal tax purposes and is typically based on past market data. It can be a general indicator, but the actual selling price is determined by current market conditions, the home's specific state, and buyer demand.
2. The home was last sold in 2016. What does that mean?
A single sale in the last nine years suggests long-term ownership, which can indicate a well-maintained property and a stable neighborhood. It also means there is less recent sales data to gauge precise current market value for this specific home.
3. What are the implications of the home being "newer" than others on the street?
A 1955 build date being in the top 6% on its street means many homes nearby are older. This could translate to advantages like updated electrical or plumbing systems (for its era), or a floor plan that feels more modern. However, as a 71-year-old home, a thorough inspection is still essential.
4. The lot is large for the area, but average for the city. What's the benefit?
While the lot size is around the city-wide average, it's significantly larger than most in Munroe West. This offers more private outdoor space, gardening potential, and distance from neighbors than is typical for the immediate area, which is a key local advantage.
5. How can I get the exact historical sold price?
The provided data shows a sold price range from 2016. Due to industry regulations, exact sold prices are not published online here. You can request the exact figures by email via the "Request exact figures by email" button on the property page, and the site will provide them manually.