Property Overview: 432 Chelsea Avenue, Winnipeg

Key Characteristics & Appeal

This home at 432 Chelsea Avenue in Munroe West presents a compelling mix of established neighbourhood character and above-average metrics for its immediate area. Built in 1955, the property sits on a generous 5,851 sqft lot, which is notably larger than most in both the neighbourhood and on Chelsea Avenue itself. With 1,017 sqft of living space, it offers a practical footprint that is competitive locally.

The primary appeal lies in its strong standing within the Munroe West community. Its assessed value of $347k ranks in the top 5% for the area, suggesting it is perceived as a premium property within this specific market. This indicates a home that likely offers better finishes, condition, or amenities than many of its neighbours. The combination of a larger-than-average lot and a newer construction date (compared to area averages) points to a well-situated and potentially well-maintained post-war home.

This property would suit a buyer looking for a established, tree-lined neighbourhood who values space and a sense of permanence. It’s ideal for someone who appreciates a home that stands out in its local context for lot size, value, and relative modernity, without necessarily seeking the largest house city-wide. It represents a solid, above-average choice within a specific and desirable community.

Frequently Asked Questions

1. How does this home’s value compare to nearby recent sales?
The home last sold between $300k-$350k in March 2017. Its current assessed value of $347k ranks in the top 8% on its street and top 5% in Munroe West, indicating its official valuation is strong for the area.

2. Is the living space small compared to the average Winnipeg home?
Yes, at 1,017 sqft, the living area is below the Winnipeg city-wide average. However, it is very competitive within Munroe West and on Chelsea Avenue, where it is above the local averages. This is typical of many established neighbourhoods.

3. What does the "Elite" ranking for assessed value in Munroe West mean?
This means the property’s $347k assessed value is higher than approximately 95% of comparable homes in the Munroe West area. It suggests the home is considered one of the more valuable properties in this specific neighbourhood, likely due to factors like lot size, condition, updates, or its exact location.

4. The lot is large for the area, but average for the city. What’s the benefit?
While the lot size is near the city-wide median, it is significantly larger than most in Munroe West. This means you gain relative privacy, outdoor space, and potential that are premium for this neighbourhood, without the property tax burden that might come with an equally large lot in a newer suburb.

5. How can I find out the exact historical sold prices?
The site provides sold price ranges for general research. Due to industry regulations, exact sold price figures are not displayed publicly here. You can request the full transaction history and exact figures via email through the site’s provided service, which will be manually looked up and sent directly to you.