Property Overview: 464 Chelsea Avenue, Winnipeg

Key Characteristics & Appeal

This 864 sqft bungalow, built in 1954, sits on a 4,681 sqft lot in Munroe West. Its core appeal lies in its position as a solid, average-priced entry point into the Winnipeg market. The home is consistently "around average" for its immediate street and neighborhood in terms of living space, assessed value ($296k), and age. This presents a practical opportunity: you're not paying a premium for the area, nor are you compromising significantly on the fundamentals compared to nearby homes.

A thoughtful perspective is its relative value within the broader city. While its living space is below the citywide average, its assessed value is even further below the Winnipeg average, which could indicate a more efficient cost-per-square-foot compared to many parts of the city. The lot, while smaller than others on Chelsea Avenue, is typical for Munroe West. This profile suits first-time buyers or practical downsizers seeking a manageable property without the upkeep of a larger lot, and investors looking for a stable, median-range asset in a established neighborhood. Its recent sale in mid-2022 (for an estimated $350k-$400k) also provides a relevant, modern price benchmark for buyers.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($296k) is for municipal tax purposes. The home sold for an estimated $350k-$400k in June 2022, which is a more current market benchmark. Prices have fluctuated since, so this recent sale is a key data point for comparison.

2. How does the home's size compare practically?
At 864 sqft, it's moderately smaller than the average home on its street (~978 sqft) and significantly smaller than the Winnipeg average (~1,342 sqft). This suggests a efficient, likely 2-3 bedroom layout suitable for individuals, couples, or small families.

3. What does the "below average" lot size mean for this property?
The lot (4,681 sqft) is smaller than many on Chelsea Avenue but is typical for the wider Munroe West area. It means a more manageable yard for maintenance, but may offer less privacy or space for large additions compared to some direct neighbors.

4. The data shows sold price "ranges." How can I get the exact history?
The site does not display exact sold prices from the MLS. You can request the full transaction history and exact figures via email from the provider, who will manually look up and send the information.

5. Being built in 1954, what should I consider regarding age?
The home is newer than many in Munroe West but is still 70+ years old. A standard pre-purchase home inspection is essential to understand the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era, even if it ranks as relatively "newer" in its area.