Property Overview: 558 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 800 sqft bungalow, built in 1955, sits on a notably large lot of over 5,850 sqft in the Munroe West neighbourhood. Its key appeal lies in a compelling balance of space and value. While the living area is modest compared to the city average, the property offers a generous and above-average yard for its immediate area, presenting significant potential for gardening, expansion, or outdoor living.
The home’s assessed value of $302,000 positions it as an above-average value within Munroe West itself, suggesting it is a competitively priced entry point into the neighbourhood. Its age places it among the newer homes on its street, which may imply updates over the years or a potentially simpler renovation profile compared to older stock.
This property would best suit first-time buyers or downsizers seeking a manageable footprint with the bonus of ample outdoor space. It’s a practical choice for someone valuing lot size over interior square footage, and for buyers who see potential in a home’s underlying assets—like a large, versatile lot—rather than a move-in-ready, maximized interior. The data suggests it’s a home that offers more “ground” than the house itself, appealing to those with a long-term view.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 5,853 sqft lot is significantly larger than most in both Munroe West and on Chelsea Avenue itself, ranking in the top 7% on its street. This is a standout feature of the property.
2. Is the assessed value high for the area?
The $302,000 assessment is above the average for the Munroe West neighbourhood, indicating the municipal assessment views it favorably compared to local peers, likely due to factors like its lot size and condition.
3. When was it last sold and for how much?
Public records indicate a sale between November 2019, in the price range of CA$200,000–$250,000. For verified, exact historical sale figures, a manual lookup can be requested directly from the site.
4. The home seems smaller than average. Is that typical?
Yes. At 800 sqft, the living area is below the city-wide average. However, it is quite typical for the Munroe West area, where it ranks close to the neighbourhood average, reflecting the character of homes in this part of Winnipeg.
5. What does the "year built" ranking mean?
Built in 1955, this home is newer than approximately 94% of the homes on Chelsea Avenue. This means it is a relatively newer construction on its block, which may have implications for the style of home, materials used, and the potential timeline for major component replacements.