Property Overview: 549 Chelsea Avenue, Winnipeg

Key Characteristics & Appeal

This 912 sqft bungalow, built in 1955, sits on a generous 5,850 sqft lot in the Munroe West neighbourhood. Its primary appeal lies in its strong position within its immediate community. The home's assessed value of $331k ranks in the top 10% on its street and top 8% in the local area, suggesting it is a well-regarded property among its closest peers. While the living space is modest compared to the city-wide average, it is very much in line with the typical home in Munroe West.

The property would suit a first-time homebuyer or downsizer looking for a manageable footprint in an established neighbourhood, where the value is driven more by the lot size and community standing than by sheer square footage. A thoughtful perspective is that this home represents a "neighbourhood anchor"—it offers a larger-than-average lot for the area, providing valuable outdoor space and future potential, while the home itself is a comfortable, standard size for the locale. Its recent sale in early 2022 within the $350k-$400k range indicates sustained market interest.

Frequently Asked Questions

1. How does this home's size compare to others nearby?
At 912 sqft, the living area is very close to the average for both Chelsea Avenue (978 sqft) and the wider Munroe West area (958 sqft). It is a comfortably standard size for this specific neighbourhood.

2. Why is the assessed value considered above average locally?
With an assessed value of $331k, this home ranks in the top 10% on its street and top 8% in Munroe West. This suggests factors like its lot size, condition, or specific location on the block contribute to a higher valuation than many immediate neighbours.

3. What does the lot size offer?
The 5,850 sqft lot is notably larger than many in the area, ranking above average for both the street and Munroe West. This provides more private outdoor space, garden potential, and a less crowded feel than is typical.

4. How can I find out the exact past sale price?
The provided data shows a sale in February 2022 in the $350,000-$400,000 range. For verified, exact historical sale figures, you can request a manual lookup via email through the site, as this information is not displayed publicly due to industry data rules.

5. Is the age of the home (1955) a concern?
The year built, 1955, is actually newer than most comparable homes on its street and in Munroe West, ranking in the top 6% and 11% respectively. This means it is a relatively newer home for this established area, though standard inspections for a house of this age are always recommended.