Property Overview: 354 Chelsea Avenue, Winnipeg
Key Characteristics & Appeal
This 832 sqft bungalow, built in 1950, sits on a 4,914 sqft lot in the Munroe West neighbourhood. Its core appeal lies in its position as a competitively priced, no-surprises entry point into the Winnipeg housing market. With an assessed value of $269,000, it sits below the average for its own street and significantly below the city-wide average, suggesting potential value within a mature, established area.
The home’s characteristics are consistently "around average" for the Munroe West area itself, indicating it’s a typical representation of the neighbourhood. This makes it a straightforward option for buyers who prioritize location and lot size over square footage. The lot is slightly larger than the area average, offering a relative advantage for outdoor space or future expansion compared to nearby homes.
This property would best suit first-time buyers, downsizers, or practical investors looking for a manageable footprint without a premium price tag. It’s for someone who sees a 1950s bungalow not as a limitation, but as a canvas—a home where updates can be made gradually and where the value is grounded more in the land and location than in high-end finishes. Its below-average price for the street could also appeal to a buyer willing to invest in renovations to build equity.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 832 sqft, the living area is smaller than the average home on Chelsea Avenue and significantly smaller than the Winnipeg city-wide average. However, it is very typical for the Munroe West neighbourhood, where comparable homes average 958 sqft.
2. Is the assessed value a good indicator of the selling price?
The assessed value of $269k is for municipal tax purposes. Notably, it is below the average assessed value for Chelsea Avenue (~$295k). Recent sold data for the area shows homes in this price range are active, but the final sale price will depend on market conditions, property condition, and buyer demand.
3. What does the lot size offer?
The 4,914 sqft lot is slightly larger than the Munroe West area average. This provides a decent outdoor space for a home of this size and is a positive feature for gardening, recreation, or potential future additions, subject to zoning.
4. What should I consider about a home built in 1950?
A 76-year-old home will likely have undergone various updates. Key considerations are the age and condition of major systems like the roof, plumbing, electrical, and foundation. This era of home offers classic, simple layouts but may require modernization or maintenance.
5. How can I get exact historical sold prices for this property?
The site provides sold price ranges based on public data. To obtain fully verified, exact sold price figures and a complete transaction history, you must request a manual lookup via email, as this information is not sourced from the MLS system.