Property Overview: 400 Chelsea Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,017 sqft bungalow, built in 1955, sits on a notably spacious 5,851 sqft lot in Munroe West. Its primary appeal lies in its strong positioning within the immediate neighborhood. The home offers more living space and a larger lot than most comparable properties on Chelsea Avenue and in the wider Munroe West area. With an assessed value of $298,000, it is valued above the area average, suggesting it is a well-situated and maintained property for its locale.
The property would suit practical buyers looking for a solid, established home in a mature neighborhood. It’s ideal for someone who values indoor-outdoor space balance, as the lot size presents opportunities for gardening, expansion, or simply more private yard space than is typical. A thoughtful perspective is that while its size is below the city-wide average for homes, this often translates to lower utility and maintenance costs, offering efficiency without sacrificing the benefits of a large yard. It represents a classic Winnipeg streetscape home, appealing to those who prefer character and established communities over newer, denser subdivisions.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for the street in living area, lot size, and year built, meaning it is both newer and larger than many of its direct neighbors. Its assessed value is very close to the street average.
2. Is the assessed value a reliable indicator of the likely selling price?
Assessed values are for municipal tax purposes and provide a benchmark. Market conditions, property condition, and updates not reflected in the assessment will ultimately determine the sale price. This home’s assessed value is above the Munroe West average.
3. What does the sold price history from 2016 tell us?
The home sold for between $250,000 and $300,000 in July 2016. This historical data provides a past market snapshot, but current value will be driven by today’s market and any changes made to the property since then.
4. Given its age, what should I consider?
Built in 1955, the home is newer than many in Munroe West. However, as with any older home, the condition of major systems (roof, wiring, plumbing, foundation) and potential for asbestos or lead paint should be evaluated during an inspection.
5. How can I get the exact past sold prices for this or nearby homes?
The site provides sold price ranges. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.