Property Overview: 546 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This 912 sqft bungalow, built in 1955, sits on a notably generous 5,853 sqft lot in Munroe West. Its core appeal lies in a compelling value proposition within its immediate area. While the living space is modest and slightly below the citywide average, the property excels in other key metrics for the neighbourhood. Its assessed value of $338k ranks in the top 10% for both Chelsea Avenue and Munroe West, suggesting it is considered a higher-value home in its local context. The lot size is also well above average for the street and area, offering significant outdoor space potential.
The home would suit practical buyers looking for a solid footprint in a established neighbourhood. It’s ideal for someone who values a larger yard over a larger house, and who understands that the assessed value indicates a strong foundation for equity relative to nearby homes. The data suggests a property that is a standout on its block, potentially offering more room to grow or garden than neighbours, making it a fit for first-time buyers, downsizers, or long-term investors focused on land value.
Frequently Asked Questions
1. Is the living area of 912 sqft a concern?
While below the Winnipeg average, it is very close to the typical size for both Munroe West and Chelsea Avenue specifically. This indicates the home is standard for the area, not unusually small in its local context.
2. Why is the assessed value so high compared to nearby area averages?
Ranking in the top 10% locally, this suggests assessors have attributed significant value to the property, likely due to factors like its larger-than-average lot, condition, improvements, or its specific location on the street.
3. What does the lot size ranking mean for me?
With a land area ranking in the top 7% on its street, you are getting significantly more outdoor space than most direct neighbours. This allows for greater privacy, landscaping potential, or future expansion like a garage or addition, subject to zoning.
4. How recent is the sold price data?
The last recorded sale was in April 2017. For the most accurate and current sale history, you should request the exact figures via the provided email service, as public data is presented in broad ranges.
5. The home was built in 1955. What should I consider?
While newer than many homes on its street (ranking in the top 6%), it is still a 70-year-old property. A thorough inspection of major systems like plumbing, electrical, and the foundation is essential, but its age is a relative advantage in this particular neighbourhood.