Property Overview: 345 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This 792 sqft bungalow, built in 1950, sits on a generous 5,032 sqft lot in Munroe West. Its core appeal lies in its position as a competitively priced entry point into the Winnipeg market. The assessed value of $272k is notably below the city-wide average, offering relative affordability. While the living space is compact compared to many modern homes, the lot size is above average for its immediate area, presenting a valuable balance of modest home and ample outdoor space.
The property suits first-time buyers or downsizers seeking a lower-maintenance footprint without sacrificing yard potential. Its value is contextual: within Munroe West, its assessed value and lot size are around the neighbourhood average, making it a typical offering for the area. However, when viewed city-wide, its price and size represent a significant value proposition for budget-conscious buyers willing to invest in a classic, older home. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—it’s not the largest or newest on the street, but it holds the established character and lot size that define the area, offering a solid foundation for personalization.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 792 sqft, the living area is below average for Chelsea Avenue, Munroe West, and Winnipeg overall. It’s a compact, efficient layout typical of its era.
2. Is the assessed value a good indicator of the selling price?
The assessed value of $272k is for municipal tax purposes. Recent sold data suggests homes here have sold in the $250k-$300k range. The assessment is a useful benchmark, but market conditions will determine the final price.
3. What does the lot size offer?
The 5,032 sqft lot is a key feature, larger than many in Munroe West. This provides valuable outdoor space for gardening, recreation, or future expansion, which is a trade-off for the smaller interior.
4. What should I consider with a 1950s build?
Built 76 years ago, this home will likely require attention to aging components like plumbing, electrical, windows, and insulation. A thorough inspection is essential to understand modernization needs and costs.
5. How can I get the exact past sale prices for this home?
The provided sold price is an estimated range. Due to industry regulations, exact sale figures are not published online here. You can request the full transaction history via email, and the service will provide the verified details manually.